The BOJ joins the Fed, ECB and other central banks in announcing further easing, unexpectedly...

|By:, SA News Editor

The BOJ joins the Fed, ECB and other central banks in announcing further easing, unexpectedly saying it will increase its asset-purchase program to ¥80T ($1.01T) from ¥70T, and lengthen the program by six months to the end of 2013. The BOJ also keeps its key interest rate unchanged at 0.0%-0.1%, and downgrades its economic assessment, saying "the pick-up in economic activity has come to a pause." (PR)