BOJ Stands Pat, Raises View
The Bank of Japan raised its assessment of the economy once again and stood pat on policy, showing confidence in its drastic easing program despite recent volatility in the bond market.
In Europe, a Fed President Urges Quantitative Easing
James Bullard, a member of the Federal Reserve’s policy committee, warned Europe of becoming trapped in the economic stasis from which Japan is only now emerging.
Japan to Follow Own Path on Abductees
A senior Japanese official says Tokyo will stick with its policy of making its own overtures to North Korea on what it believes are abductions of its citizens, dismissing U.S. and South Korean concerns that the North may try to drive a wedge between the three allied nations.
Strategies: Japan Starts to Recharge After Two Lost Economic Decades
It’s hard to tell if Japan’s new experiments in economic policy will work in the long run, but they have already caused world markets to take notice.
Abe Unveils Plan for Exports and Investment
The measures to promote growth in Japan constitute what the prime minister calls the third arrow in his policy quiver as the nation battles to end 15 years of deflation.