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.
Another Sign China Growth Is Stalling: November PMI Falls
In November, HSBC purchasing managers index fell from prior month.
China in Talks With Italy as Lender
As Greece nears default and Italy struggles to keep from losing control over its own debt problems, the latter has been engaged in talks with China over the possibility of asset sales to the Asian nation.