Under pressure Bank of Japan boosts stimulus
Local Japanese News In English
The Bank of Japan has delivered its third dose of monetary stimulus in four months in a prelude to more aggressive action next year, as it faces intensifying pressure from the country's next leader for stronger efforts to beat deflation. (The Age)
Source: News On Japan
Bank of Japan introduces negative interest rate in effort to boost economy
The Bank of Japan has introduced a negative interest policy in a move to boost the world's third-largest economy. It hopes the move will encourage commercial banks to lend more and stimulate investment and growth. Ref. USAToday.