Bank of Japan boosts stimulus for sagging economy, markets unimpressed

TOKYO: The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.

In a well-flagged move, the central bank topped up its asset buying and lending program, its main monetary easing tool, by 11 trillion yen ($138 billion) to 91 trillion, broadly in line with what markets had factored in.