BOJ Boosts Stimulus, but Markets Unconvinced
Despite actions taken by the BOJ to boost asset-buying by an additional 10 trillion yen ($124 billion), and a pledge to buy longer-term government bonds, markets shrugged off the move and chalked it up to pandering to political pressure rather than a genuine effort to combat deflation.
BOJ Could Expand Stimulus
The Bank of Japan (BOJ) might boost stimulus in the wake of a vote by the upper house of Parliament to block a nominee to its board and a call by lawmakers for a more “proactive” monetary policy.
Yen Falls on G7 Intervention; Japan to Continue Loose Stance
As G7 leaders set in motion a coordinated intervention designed to halt the rise of the yen, Japan continued its own ultra-loose monetary policy, flooding banks with cash to keep interest rates low.