WTE Home
Jul 29, 12:13 AM EDT

Japan central bank opts for modest stimulus expansion

Archery on horseback still draws crowd
Ainu Rebels reclaim cultural pride
Japanese defend whaling tradition
Japan deals with 'Minimata Disease'
Latest News
Japan central bank opts for modest stimulus expansion

Japan to spend $120 million on counter-terrorism in Africa

Investigation: Japan knifing suspect attacked methodically

Moderate quake near east coast of Japan

Mass killing plot in Japan raised alarms, then concern faded

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Japan central bank opts for modest stimulus expansion

Initial Brexit shock is hurting UK _ but sparing eurozone

UK economy grew faster than expected in run-up to EU vote

UN agency: Economy still sliding in Latin America, Caribbean

Nigeria's central bank hikes interest rate to 14 percent

Trade group raises 2016 sales growth forecast to 3.4 percent

South Korea's growth improves on better consumption

German business optimism down only a bit after Brexit vote

G-20 countries pledge to protect against Brexit shock

Brexit deals heavy hit to UK economy but eurozone holds up

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

TOKYO (AP) -- Japan's central bank has opted for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation.

The Bank of Japan ended a policy meeting on Friday by announcing it will expand purchases of assets from financial institutions to help inject more cash into the economy and pursue its 2 percent inflation target.

The central bank said it would almost double its annual purchases of exchange traded funds, to 6 trillion yen ($57 billion) from the current 3.3 trillion yen.

The BOJ already is injecting about 80 trillion yen ($760 billion) a year into the economy through asset purchases, mainly of Japanese government bonds.

The central bank did not change its benchmark interest rate, which is now at a record low minus 0.1 percent.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.