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TOKYO (MNI) - The Bank of Japan said Monday it will hold an extraordinary
policy-setting meeting at 1200 JST (0300 GMT) to discuss monetary control
matters based on recent economic and financial developments.
Holding the extraordinary policy-setting meeting means that the bank will
likely decide on additional easy policy, such as expanding its purchase of ETFs
(exchange traded-funds), commercial paper and straight bonds.
The BOJ is also expected to introduce a lending facility to support small-
and medium-sized companies hit by tighter financial conditions caused by the
The BOJ said that the bank moved up the its regular two day policy-setting
meeting starting on Wednesday.
The extraordinary policy-setting meeting is the first time since August 30,
2010, when the BOJ met to cope with increased downside risks to economic
activity and prices caused by the yen's appreciation.
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