View full page at forexfactory.com

 

After massive economic stimulus, BOJ under pressure to do more

From reuters.com

A year into "Abenomics," it was not supposed to be like this for the Bank of Japan. The central bank, its boss hand-picked by Prime Minister Shinzo Abe, shot the first, and so far most successful, arrow from Abe's quiver of aggressive policies to pull the world's third-biggest economy out of almost two decades of deflation and lackluster growth. BOJ Governor Haruhiko Kuroda's massive burst of money-printing - almost $70 billion a month - has driven the yen down and Tokyo stocks up. It has also spurred the strongest economic growth among G7 countries in the first half of the year, arresting a long fall in consumer ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News