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Japan to up its asset purchases

The new Governor of the Bank of Japan, Haruhiko Kuroda, put into action a new asset buying program of almost $80 billion that is expected to drive the Japanese inflation rate to 2%.  This was a 100% increase over the current program and in addition to increases in government bond purchases and corporate bond purchases, the government is purchasing REITs and ETF's.  The Japanese stock market, the Nikkei, was up 3% this morning as the dollar appreciated more than 2% against the Yen.   
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