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Bank of Japan Torches Global Markets, Sparks Global Sell-Off
Tuesday, June 11, 2013 - 8:40am | 739The Bank of Japan failed to meet market expectations overnight as the central bank kept policy constant. Markets were expecting the Bank to extend the maturity on the cheap loans it has been making and the failure to do so sparked a global sell-off. Funding Facility Untapped The failure for the...
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Japan's LDP Leading in Exit Polls, Set to Claim Majority in Lower House
Sunday, December 16, 2012 - 3:09pm | 413Japan's Liberal Democratic Party (LDP) surged back to power three years after being forced out of a majority in elections held this weekend. The LDP won 300 of a potential 480 seats in the lower house of Parliament, paving the way for the party of former Prime Minister Shinzo Abe to launch radical...
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Strong Yen Hurting Japanese Economy
Monday, November 28, 2011 - 10:42am | 484Bank of Japan governor Masaaki Shirakawa warned on Monday that a surging yen and the European Union's sovereign-debt crisis were slowing Japan's post tsunami economic recovery. The strong yen and the European financial crisis are related because as investors dump the euro, they look for what they...