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Thursday, August 4, 2011

Monetary

News                                                                                                                             
Market Watch | Bank of Japan expands asset purchases
The Bank of Japan boosted its asset-purchasing program on Thursday, at a policy setting meeting that was cut short following the nation’s intervention to weaken the yen.
Bloomberg | Currency Intervention Reappears as Fed May Ease
The risk of a U.S. return to recession, forcing the Federal Reserve to another round of monetary easing, has exacerbated dollar weakness. The currency’s drop last year left all of Asia’s 10 biggest economies seeking to influence their own exchange rates to aid exporters and growth.