BOJ takes steps to boost investment, wages
It'll step up buying of selected ETFs, extend period of existing loan programme for firms
Tokyo
THE Bank of Japan's Policy Board on Friday agreed to adopt innovative new policy measures aimed indirectly at stimulating corporate capital investment and raising wages - two lagging elements seen as holding back expansion of the world's third largest economy and also suppressing the inflation rate.
Governor Haruhiko Kuroda denied at the close of the two-day meeting that the new measures amount to an expansion of the central bank's existing quantitative easing programme, noting that they "supplement" the QE programme.
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