Bank of Japan Pledges Unlimited Asset Purchases to Boost Economy, Timing Disappoints
January 22, 2013 at 07:49 AM EST
The Bank of Japan late Monday adopted a new, aggressive stance on inflation and asset purchases aimed at stimulating the economy following decades of stagnant growth. The BoJ pledged to purchase unlimited amounts of bonds at a rate of $144.77 billion per month beginning in 2014 in an attempt to
