Topic: Haruhiko Kuroda
Christine Lagarde, head of the IMF, delivers warning about deflation in upbeat Davos meeting. Lagarde draws attention to dangers of Fed tapering and falling prices in the eurozone.
A US default might lead China to buy American companies instead of American bonds, some analysts say.
Stocks ended higher on Wall Street Thursday, regaining half of its plunge the day before, as buyers returned to the market. Among stocks making big moves, electronics retailer Best Buy jumped $3.48, or 16 percent, to $25.13.
$1.4 trillion stimulus: Bowing to demands from Prime Minister Shinzo Abe for more aggressive monetary easing, the Bank of Japan announced Thursday a policy overhaul intended to double the money supply and achieve a 2 percent inflation target.