Topic: Masaaki Shirakawa
$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.
Shinzo Abe, elected over the weekend, also wants to improve relations with China while remaining firm on the islands dispute. Meanwhile, the yen has slipped, post-election, in financial markets Monday.
Japan desperately needs to sell bonds to rebuild its infrastructure, but nobody's likely to want them.
03/16/2011 10:27 am
Naoto Kan stamped his authority on government policy, making the yen less of a one-way bet — even if the effects of intervention prove to be short-lived.
09/15/2010 02:58 pm
Central bankers have faced today's crisis before. But their new weapon, quantitative easing, could make the mess worse.
09/05/2010 07:05 am
The opposition rejected a second candidate Wednesday.
03/20/2008 01:00 am