Bank of Japan unveils measures for monetary easing

Tokyo, Dec 18 (IANS) The Bank of Japan (BoJ) unveiled new steps on Friday to support its ultra-loose monetary easing policy after its two-day policy meeting.

The bank will extend the period of long-term government bonds that the bank buys in line with its monetary easing policy, Xinhua cited BoJ as saying.

It will also spend 300 billion yen ($2.45 billion) more on annual purchases of exchange-trade funds.

The Nikkei stocks index surged over two percent briefly after the decisions were reported and the Japanese yen retreated to lower 123 yen level briefly from the mid-122 yen zone against the US dollar in the morning trade.

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