-
BOJ Affirms Easing Plan After Biggest Jump in Yields in 5 Years
The Bank of Japan affirmed a plan to double the monetary base over two years after a jump in bond yields highlighted risks associated with Prime Minister Shinzo Abe’s campaign to revive the economy. The central bank will expand the supply of money in the economy by 60 to 70 trillion yen ($683 billion) a year, as pledged in April, the BOJ said in Tokyo today. Twenty-six of 27 economists in a Bloomberg News survey forecast no change in monetary policy. The biggest surge in government debt yields in five years threatens to undermine the BOJ’s stimulus efforts, with companies including steelmaker JFE Holdings Inc. ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 21, 2013 11:49pm May 21, 2013 11:49pm
- mrlfx
- | Membership Revoked | Joined Jul 2012 | 416 Comments
- Comment #2
- Quote
- May 22, 2013 12:25am May 22, 2013 12:25am
- surfbeach253
- | Joined Apr 2013 | Status: Member | 21 Comments
- Comment #3
- Quote
- May 22, 2013 12:42am May 22, 2013 12:42am
- mrlfx
- | Membership Revoked | Joined Jul 2012 | 416 Comments
- Comment #4
- Quote
- May 22, 2013 1:15am May 22, 2013 1:15am
- Bull n Bear
- | Joined Jan 2013 | Status: Member | 239 Comments
- Comment #5
- Quote
- May 22, 2013 1:38am May 22, 2013 1:38am
- EricB
- | Joined Mar 2009 | Status: Member | 14 Comments
- Comment #6
- Quote
- May 22, 2013 2:02am May 22, 2013 2:02am
- eleste
- | Joined Jan 2013 | Status: Member | 223 Comments