Japan is making a sweeping shift in its monetary policy, aiming to spur inflation and get the world's third-largest economy out of a long, debilitating slump. 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 at the "earliest possible time, with a time horizon of about two years." BOJ governor Haruhiko Kuroda described the scale of monetary stimulus as "large beyond reason," but said the inflation target would remain out of reach if the central bank stuck to incremental steps.

Sections:  world   
  • Japan passes record $926b budget
    Failure to curb spending has cast doubt on Abe's will to back fiscal reform, as he counts on economic growth to boost tax revenue to reduce new borrowing and on the central bank's low-interest rate policy to curb the high cost of servicing the public debt.
    03/28/2018 - 7:40 am | View Link
  • Japan's households open their wallets, BOJ seen keeping stimulus
    But the increase in prices was due mostly to a boost from rising fuel costs that is ... "But inflation remains distant from the BOJ's 2 percent target, so the central bank will probably maintain its current policy framework." Spending was driven by ...
    12/25/2017 - 2:18 pm | View Link
  • Stocks Rally After Bank of Japan Revamps Policy
    Stocks rose, the yen retreated and long-dated government bond yields rallied around the world early Wednesday after Japan's central bank affirmed its commitment to aggressive easing as it introduced a new monetary policy ... curve would boost bank profits.
    09/20/2016 - 1:00 pm | View Link
  • Stocks rally ahead of US, Japan central bank talks
    Global stock markets rallied Monday, buoyed by a boost in oil prices, as traders looked to upcoming ... Germany's Bundesbank chief on Monday said that the European Central Bank must not allow low interest rates and monetary stimulus to last indefinitely.
    09/19/2016 - 5:24 am | View Link
  • Behind Japan's FX intervention threats, a calmer view of the yen
    Behind the scenes, though, those running economic policy have told Reuters they're not so worried ... having done so even after the central bank's unexpected shift to negative interest rates this year. Toyota Motor President and CEO Akio Toyoda has warned ...
    05/18/2016 - 1:00 pm | View Link
  • More
  • reNEWS
    Renewable Energy News, Information and Analysis from reNEWS
    04/17/2018 - 6:32 pm | View Website
  • Pensions & Investments
    With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds in the institutional investment market.
    04/16/2018 - 11:24 am | View Website
  • International News | Latest World News, Videos & Photos ...
    Get the latest international news and world events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews.com
    04/16/2018 - 4:29 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    04/15/2018 - 7:10 pm | View Website
  • Gates of Vienna
    After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go. Gates of Vienna has moved to a new address:
    04/15/2018 - 3:54 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News