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Japan gov't urges BOJ to ease policy

08-27-2010 09:00 BJT

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The Japanese government will urge the Bank of Japan to ease monetary policy further. It's part of a series of steps to curb the yen's rise and support the fragile economy.

Since the Japanese yen rose to a 15-year high this week, Japanese policymakers have gathered to talk down the yen, hinting at the possibility of intervening in the markets. Pressure is mounting on the central bank to take action, before a policy meeting next month.

The Bank of Japan's most likely option would be to expand its cheap fixed-rate loan programme for banks.

Editor:Xiong Qu |Source: CNTV.CN

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