BOJ takes steps to boost investment, wages
It'll step up buying of selected ETFs, extend period of existing loan programme for firms
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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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