Japan not expected to cut rates

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Japan not expected to cut rates

Oct 14th, 2008, 07:20 AM #1 (permalink)

The Bank of Japan said it will hold an unscheduled policy board meeting Tuesday night to study recent developments in global markets. The meeting, scheduled for 8:30 p.m. local time (9:30 a.m. EDT), comes as global stock markets have rallied after governments in the U.S. and Europe announced emergency measures to use public money to shore up their banking systems.

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