AP News

News Summary: Japan's central bank eases policy

CODE BLUE: Japan's central bank on Wednesday ramped up its efforts to revive economic growth, following similar steps by central bankers in the United States and Europe.

TAKING ACTION: The Bank of Japan announced it would boost the size and duration of a government bond-buying program that's intended to encourage borrowing and spending and make Japan's exports more competitive.

THE MECHANICS: Purchases of government bonds keep downward pressure on interest rates and the yen, whose rise has made Japanese products more expensive relative to other countries' exports.

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