Bank of Japan Governor Haruhiko Kuroda holds a press conference at the BOJ's head office in Tokyo on Oct. 31, 2014, after the central bank decided to further ease its monetary policy. The BOJ will increase its holdings of Japanese government bonds purchased from financial institutions by about 80 trillion yen a year, up by about 30 trillion yen from the current pace. (Kyodo via AP Images)
Japan's central bank expanded its asset purchases in a surprise move to shore up sagging growth in the world's No. 3 economy. Japan increased purchases of government bonds by between 10 trillion yen and 20 trillion yen ($91 billion to $181 billion) to about 80 trillion yen ($725 billion). BOJ Gov. Haruhiko Kuroda said the increase was required to prevent a reversal into a "deflationary mindset" that the country's leaders contend has stymied growth for many years. "Whatever we can do, we will." [Full Story]
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