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Global stocks get big boost from Bank of Japan

LONDON (AP) — Global stocks spiked sharply higher Friday after the Bank of Japan unexpectedly announced a fresh stimulus to boost the country's flagging economy. Japan's stock benchmark was the main beneficiary, closing 4. 8 higher at 16,413. 76, its highest level since late 2007. Expectations that Japan's $1. 1 trillion public pension fund would boost its equity holdings gave a further boost to the market. The yen also fell sharply, with the dollar soaring 2 percent to 111. 63 yen. The...

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