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Bank of Japan Moves Up Meeting, Plans to Buy Lower-Rated Debt

The Bank of Japan brought forward the date of its next policy meeting, a move to accelerate stimulus for a slowing economy that prompted a jump in Japanese bond prices on speculation of further easing steps.

The BOJ also said it will buy corporate debt with lower credit ratings than it previously purchased, including BBB rated corporate bonds and a-2 commercial paper, according to a statement today in Tokyo. Board members will meet on Nov. 4-5 to discuss purchases of exchange-traded funds and real-estate investment trusts, more than a week earlier than scheduled.