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Monday, 08/30/2010 2:39:52 AM

Monday, August 30, 2010 2:39:52 AM

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The Bank of Japan bowed to government pressure and eased monetary policy after an emergency meeting on Monday to try to curb a rise in the yen that is threatening a fragile economic recovery.
But analysts questioned whether the central bank's action would do much to help to stem a rise in the Japanese currency that hurts exports and may delay Japan's exit from deflation.
The BOJ expanded a special funding operation supplying cheap fixed-rate loans to banks, saving more aggressive steps for when there is clearer evidence of an economic slowdown.

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