(MENAFN- Qatar News Agency) Japan's central bank expanded a government bond-buying program Tuesday, acting to spur growth following news of a further decline in industrial production.
The Bank of Japan's policy board voted unanimously to increase the asset purchasing program by 11 trillion yen ($139 billion) to 91 trillion yen ($1.15 trillion). The central bank decided against any change in its key interest rate, which remains at 0 percent to 0.1 percent.
The bond-buying program is intended to encourage borrowing and spending and help make Japan's exports more competitive.
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