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Bank of Japan and Bank of England Claim They Can Counter Fed Tapering

From confoundedinterest.wordpress.com

There are more rumblings from the Jackson Hole central banker party going on in Wyoming. According to Bloomberg, central bankers from Japan and the U.K. predicted their new campaigns to encourage expansion will work, sustaining support for global growth even as the Federal Reserve considers a reduction in stimulus. As the annual gathering of central bankers and economists in Jackson Hole, Wyoming, drew to a close yesterday, Bank of Japan Governor Haruhiko Kuroda said his souped-up asset-buying “has started to exert effects” on the world’s third-largest economy. Bank of England Deputy Governor Charlie Bean said the ... (full story)

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