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Moody's Corporation
Dow flirts with record high as Japan gives stock markets a boost
Dow flirts with record high as Japan gives stock markets a boost

Investors who have been waiting for good news on the global economy finally got some Friday. Sparked by a surprisingly assertive policy move from the Bank of Japan, U.S. stocks joined a worldwide rally to close out a wild October with what analysts see as positive momentum. Japan said it would ramp up its bond-buying stimulus, and its massive public pension fund said it would make a big shift in investments to reduce its domestic bond holdings and to acquire more stocks, including foreign equities. The one-two punch lifted hopes that Japan, the world's third-largest economy, could get back on track in its long-running efforts to revive economic growth and escape from...

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