Japan central bank in fresh bid to revive economy
The Japanese central bank said it will massively expand the country’s money supply to spur inflation as it strives to get the world’s third-largest economy out of its slump.
The Bank of Japan ended a two-day policy on Thursday vowing to achieve a 2 per cent inflation target at “the earliest possible time.”
To do so, the central bank has launched “a new phase of monetary easing both in terms of quantity and quality” that will double the money supply, it said in a statement.
via Business feed http://www.scmp.com/business/economy/article/1206930/japan-central-bank-fresh-bid-revive-economy