Voice of America: Japan Moves to Stimulate Its Stalled Economy

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Japan Moves to Stimulate Its Stalled Economy Jan 22nd 2013, 15:57 Japan's central bank is embarking on an American-like plan to stimulate the country's stalled economy by pumping more money into it. The Bank of Japan, under pressure from the new government of Prime Minister Shinzo Abe, agreed Tuesday to double its inflation target to 2 percent and stimulate the world's third largest economy for an indefinite period through asset purchases. The economic boost is similar to that undertaken in recent years by the U.S. central bank, the Federal ...

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