BOJ cheers U.S. bailout

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A top Bank of Japan official expressed hope Monday a $700 billion U.S. government bailout fund would bring stability to financial markets. BOJ Deputy Governor Kiyohiko Nishimura said a plan tentatively agreed to late Sunday by Congressional leaders that will allow the U.S. Treasury to buy troubled securities would contribute to market stability and a recovery in economic growth. Dan Sloan reports.

Tags: Bank of Japan, bailout, financial markets

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