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Monday, April 22, 2013

Japan receives backing for aggressive monetary policy.

 Japan's turbo-charged monetary easing received further international acceptance over the weekend, with the country allowed into pan-Pacific free-trade talks. A day earlier, the G-20 continued to buy into Japan's arguments that its monetary policy is designed to lift the economy out of deflation, not to weaken the yen to gain an unfair advantage. Increasing international trade is Prime Minister Shinzo Abe's "third arrow" in his strategy to revive Japan's economy.

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