Posted by tuniamasingh > 2012-09-19 12:23 | Report Abuse

The Bank of Japan eased monetary policy on Wednesday by boosting asset purchases, as slowing global demand and heightening tensions with China hurt chances of a near-term recovery in the export-reliant economy. The central bank expanded its asset buying and loan program, currently its key monetary easing tool, by 10 trillion yen ($127 billion) to 80 trillion yen, with the increase to be for purchases of government bonds and treasury discount bills.