Japan released additional financial easing steps to assist the economy

dollar increasedThe dollar increased dramatically against the yen in Tokyo on Tuesday following the Bank of Japan released additional financial easing steps to assist the economy fight deflation.

Japan’s central bank released Tuesday afternoon that it reduced it’s main rate to between zero as well as .1 per cent in a wonder move to assist safeguard a fragile recovery, its initial rate of interest move since Dec 2008.

Additionally, it reported additional monetary easing steps in a bid to fight the unsafe strength of the yen as well as defeat persistent deflation.

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