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Stock impact report

Bank of Japan expands stimulus again as pandemic pain deepens [CNBC]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: CNBC
Pedestrians walk past the Bank of Japan headquarters in Tokyo, Japan, on Tuesday, March 16, 2010.Tomohiro Ohsumi | Bloomberg | Getty ImagesThecoronavirus pandemicThe move puts the BOJ in line with other majorcentral banksglobal recession"The spread of the coronavirus at home and abroad is inflicting a severe impact on"The achievement of the BOJ's 2% inflation target ... will take time. The outlook for prices is highly uncertain," he added.To ease corporate funding strains, the BOJ said, it will boost by three-fold the maximum amount of corporate bonds and commercial debt it buys to 20 trillion yen ($186 billion).The central bank also clarified its commitment to buy unlimited amounts of government bonds by scrapping loose guidance to buy them at an annual pace of 80 trillion yen."The BOJ will purchase necessary amounts of government bonds without setting an upper limit" to keep long-term interest rates around its 0% target, the statement said.The central bank said it would buy governme Show less Read more
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