Bank of Japan to bolster capital

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Bank of Japan to bolster capital
Oluşturulma Tarihi: Nisan 13, 2009 00:00

TOKYO - The Bank of Japan plans to reinforce its capital to secure the credibility of the yen and enhance its ability to implement additional economic measures, The Nikkei business daily said yesterday.

The bank aims to boost its legal reserves - part of its capital - by some 60 billion yen ($598 million) a year by reducing the amount it pays to the state coffers, the newspaper reported.
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