August 30, 2010 4:57 PM

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Bank of Japan eases monetary policy

The Bank of Japan has eased monetary policy at an emergency meeting to try to stop a rise in the value of Yen and invigorate the economy. The bank made more money available to commercial banks so that they in turn would lend to Japanese businesses. But market analysts said they feared the measure was not bold enough. A strong Yen makes Japanese exports less competitive.

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