Bank of Japan tries new stimulus

**The Bank of Japan has announced new measures to boost the economy after holding an emergency meeting.**The bank said it would inject 10 trillion yen ($114bn; £70bn) into the economy through buying up bonds and other assets.

The Bank of Japan said the move would “firmly support Japan’s economic developments toward recovery”.

The government welcomed the bank’s decision. It has been concerned about the recent return of deflation.

However, analysts said the operation looked more like a political gesture than a real move to support the economy.

“This must be government pressure… if they were free from pressure, they wouldn’t have done anything, because they’ve been saying their assessment hasn’t changed,” said Dariusz Kowalczyk, chief investment strategist at SJS Markets.

Last month, the Cabinet Office said in a statement that Japan was in a “mild deflationary situation”.

The economy also faces the challenge of a rise in the value of the yen, which makes the country’s exports more expensive in global markets.

The Bank of Japan also kept interest rates unchanged at 0.1% at the meeting.