Bank of Japan
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Tokyo stocks closed lower Thursday, as a cautious mood prevailed ahead of the conclusion of the Bank of Japan’s policy meeting the following day. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 156.24 points, or 0.40 percent, from Wednesday at 38,720.47. The broader Topix index, meanwhile, finished 24.66 points, or 0.89…
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The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the yen whipsawing against the dollar, while Japanese stocks and government bond prices slid. Elsewhere, the Stoxx 600 in Europe opened lower and…
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