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Bank of Japan Hikes Exchange Traded Funds Purchases

© AP Photo / Shizuo Kambayashi, FileIn this Nov. 19, 2014 file photo, a man walks by the Bank of Japan headquarters in Tokyo
In this Nov. 19, 2014 file photo, a man walks by the Bank of Japan headquarters in Tokyo - Sputnik International
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The Bank of Japan voted on Friday to increase the amount of exchange traded funds it buys.

yen - Sputnik International
Bank of Japan Holds Negative Rates Steady Shocking Markets
MOSCOW (Sputnik) – The amount was raised from 3.3 trillion yen (about $32 billion) to 6 trillion ($58.3 billion). The amount of Japanese government bonds was left unchanged at an annual rate of 80 trillion yen ($778.5 billion).

The interest rate was also left unchanged at —0.1 percent. The Bank of Japan adopted the negative interest rate in January 2016 aiming to boost economic growth.

According to the Bank of Japan, the inflation outlook for 2016 remains unchanged.

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