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BOJ March plan would taper bond buying by 18 percent

  Bloomberg The Bank of Japan’s bond-purchase plan for March puts policy makers on track to miss an annual target, leaving investors debating whether they’re witnessing a stealth tapering. Calculations based on the plan released Feb. 28 suggest a net 66 trillion yen ($575 billion) of purchases if the March pace were to be sustained over the following 11 months. ...

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Deutsche Securities warned by Japan over bond trading collusion

  Bloomberg The Japan Fair Trade Commission issued a warning to the Japanese brokerage unit of Deutsche Bank AG after it found that a trader colluded with a counterpart at Citigroup Inc. on trades of European sovereign bonds — the first such notice handed down to a foreign securities company operating in the country. The trader at Deutsche Securities Inc. ...

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Kenya’s biggest bank posts first profit drop on bad loans

  Bloomberg Equity Group Holdings Ltd. posted its first-ever drop in annual profit, missing analysts’ expectations for an increase, as non-performing loans at Kenya’s biggest bank by market value more than doubled. The stock head for it’s biggest fall in six months. Net income declined to 16.5 billion shillings ($161 million) in the 12 months through December from 17.3 billion ...

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