Japan adds a drop to the QE ocean

The Bank of Japan announced it's "comprehensive money easing package" this week, in a US/UK-style quantative easing strategy.

The Bank of Japan (BoJ) gave markets a jolt this week by announcing a "comprehensive monetary easing package". It cut its main interest rate from 0.1% to a range between 0 and 0.1% and promised to maintain its "virtually zero-interest-rate policy" until deflation has been defeated. It also said it would consider buying public and private-sector assets, ranging from government and corporate debt to ETFs. The aim is to bring down long-term interest rates and shore up the economy. This would all amount to US and UK-style quantitative easing (QE). Global stocks bounced on the news, while the yen fell against the dollar before clawing back all its losses.

What the commentators said

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