Sunday, December 16, 2012

Bank of Japan announces more easing | Reduction

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Bank of Japan announces more easing

Excerpt:

The central bank said it would ramp up its current bond buying program from 80 trillion yen to about 91 trillion yen, a difference of $138 billion. The purchases -- which include T-bills and government bonds -- will be completed by the end of 2013. The vote to ease monetary policy was unanimous, the bank noted. Key interest rates were left unchanged. Investors were not much impressed by Tuesday's announcement, and the Nikkei dropped almost 1% in afternoon trading. In explaining its rationale for more easing, the central bank cited the significant economic challenges posed by Europe's debt crisis, a lack of momentum in the U.S. economy and diplomatic tensions with China. The bump in asset purchases follows a similar move in September, when the bank expanded its program by 10 trillion yen. Japan is not the only country to ease its monetary policy in recent months.

Bank of Japan announces more easing

Additional Info:

Organization: European Central Bank

Overall Sentiment: 0.121255

Relevance: 0.786308

Organization: Fed

Overall Sentiment: 0.0310332

Relevance: 0.63395

Country: Japan

Overall Sentiment: 0.265478

Relevance: 0.483464

Disambiguation: Location | GovernmentalJurisdiction | Kingdom | MilitaryPostReferences:

Country: China

Overall Sentiment: -0.241013

Relevance: 0.38944

Country: U.S.

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Relevance: 0.360177

Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:

Continent: Europe

Overall Sentiment: -0.216163

Relevance: 0.419282

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