* BOJ changes policy target to base money from interest rates * Combines bond-buying schemes, targets JGBs across curve * BOJ to double JGB,...
* Euro still smarting from 'Cyprus model' suspicions * Little sign of contagion to Italy, Spain * Yen under pressure ahead of April 3-4 BOJ meet...
The purpose of QE is to reverse this contraction. But if debt deflation is so easy to fix, then why have the Fed's massive attempts to pull this maneuver off failed to revive the economy? And why is Japan still suffering from deflation after 20 years of quantitative easing?
* Draghi, Carney to hog spotlight * ECB, BOE firmly on hold but unease stir over euro strength * Trade data eyed for sig...
The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.
However, in contrast to what passes for the economic wisdom of today, an increase in the rate of sovereign bond yields would be a function of deterioration in their credit, currency and inflation risks. But it would never be because of an increase in the prospects for growth.
* Japan worried rule could raise costs of trading JGBs * Also concerned about more U.S. control over Japan banks * Also ...
FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic...
(Reiji Murai) - Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives f...
A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.
TOKYO (Leika Kihara) - Japan's return to recession and a bigger-than-expected slump in first-quarter economic growth are negative for its credit r...
TOKYO -- Japan's central bank kept its key interest rate unchanged at virtually zero Friday to shore up a quake-battered economy. The Bank of Japan's...
TOKYO (Rie Ishiguro and Shinji Kitamura) - The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than fir...
By Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley FRANKFURT/WASHINGTON - On a warm, Lisbon day last May, Jean-Clau...
The valuable argument coming from the ashes of this crisis is simple: Japan can afford to rebuild. The economic possibilities of nations depend on human, technological and organizational power.
NEW YORK — The dollar dropped to a record low against the yen late Wednesday as Japan's nuclear crisis deepened. Debt woes in Europe, tension in...
TOKYO — Japan's central bank continued to flood money markets with cash on Wednesday, bringing its total emergency funding to nearly $700 billion as...
TOKYO — Japan could face a financial mess like the one that has crippled Greece if it does not deal urgently with its swelling national debt, the ne...
I heard Laurence H. Meyer, Vice Chairman of Macroeconomic Advisers, speak yesterday to the New York Association for Business Economics. Here are the highlights of his talk.
The Federal Open Market Committee has reduced the target fed funds rate by three-quarters of a percentage point, officially entering a very-close-to-zero interest rate policy.
