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Asian markets fall as BOJ action leaves investors unimpressed

More intervention pledged by central bank to address coronavirus crisis

Jittery trading on the Nikkei reflected investor sentiment as Asian markets began to open following the U.S. Fed's actions. (Photo by Shihoko Nakaoka)

TOKYO -- Japan's benchmark stock index fell and the yen gyrated on Monday after the Bank of Japan followed international peers by unveiling emergency measures to try to nurse the economy through the coronavirus crisis.

The BOJ rushed forward this week's policy meeting and decided to expand its purchases of stocks, bonds and other financial assets. It will double its annual purchases of Exchange Traded Funds (ETF) to 12 trillion yen ($112 billion).

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