By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. BOJ Governor Haruhiko Kuroda portrayed the board's tightly-split decision to buy more assets as a preemptive strike to keep policy on track, rather than an admission that his plan to reflate the long moribund-economy had derailed. ...
from Business News Headlines - Yahoo! News http://ift.tt/1sOyHDx
via IFTTT
No comments:
Post a Comment