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News Link • Economy - Economics USA

Japan PM leans on BOJ as government launches big economic stimulus

• Reuters

Under intense pressure from Abe, the BOJ will likely adopt a 2 percent inflation target at its January 21-22 rate review, double its current goal, and consider easing monetary policy again, most likely by increasing government debt and asset purchases, sources told Reuters this week.


Japan's current account, which is normally in surplus, swung to a rare and hefty deficit in November, which helped push the yen to a 2-1/2 year low against the dollar and highlighted the need to support the economy as exports weaken.

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