Bank of Japan Takes Modest Easing Action - News Summed Up

Bank of Japan Takes Modest Easing Action


The central bank said it would buy ¥6 trillion ($57 billion) worth of exchange-traded stock funds annually, up from ¥3.3 trillion previously. TOKYO—The Bank of Japan announced a modest dose of stimulus Friday in a sign that it may be running up against the limits of monetary policy, disappointing investors who expected a bolder move to complement a new government spending plan to jolt the economy. It didn’t change its target for...


Source: Wall Street Journal July 29, 2016 04:02 UTC



Loading...
Loading...
  

Loading...