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Kuroda Surprises Again With Stimulus Boost As Japan Struggles - Yahoo Finance

Economy's Struggle Just hours after the BOJ's move, the Government Pension Investment Fund said that it will put half its holdings in local and foreign stocks and start investing in alternative assets as it seeks higher returns. More from Bloomberg.com: China Is Very, Very, Very, Very Big The 127.3 trillion yen GPIF is the world's largest pension fund. Its previous strategy was designed on the assumption that deflation would continue, GPIF President Takahiro http://greggwnsh.soup.io Mitani told reporters today. What the BOJ's program has failed to do as yet is lift exports past their peak, or generate enough of an impact on inflation that the BOJ's 2 percent target was forecast to be in reach. Instead, consumer prices -- stripping out the impact of an April sales-tax increase -- are rising closer to a 1 percent rate. Tax Consideration Also at issue: Prime Minister Shinzo Abe is considering whether to go ahead with a second stage for raising the sales tax. The levy went to http://www.kiwibox.com/fabianlpxg/blog/entry/118730917/will-jamie-foxx-play-mike-tyson-in-a-biopic-celebrity-gos/?pPage=0 8 percent from 5 percent this year, tipping the economy into the deepest contraction in more than five years. A further bump is scheduled for October 2015, to 10 percent. "Kuroda couldn't be bullish anymore -- inflation has slowed to 1 percent and oil prices are going to weigh on prices," said Minami at Norinchukin.
Read more: http://finance.yahoo.com/news/japan-unexpectedly-boosts-easing-amid-054745444.html

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