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Japan's Surprise Financial "Shock and Awe"

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Japan's Surprise Financial "Shock and Awe"
AIRED:
Japan would like more than anything to say "sayonara" to the deflation which has dogged its economy for almost two decades. And now a glimmer of hope - with new Bank of Japan Governor Kuroda announcing an aggressive strategy to turn the economy around by DOUBLING the country's monetary base to 270 trillion yen - pumping 1.4 trillion yen into the economy - in less than two years. The move, described by Kuroda as unprecedented, shocked markets and caught many analysts by surprise.moreless

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