The central bank, its boss hand-picked by Prime Minister Shinzo Abe, shot the first, and so far most successful, arrow from Abe's quiver of aggressive policies to pull the world's third-biggest economy out of almost two decades of deflation and lackluster growth. BOJ Governor Haruhiko Kuroda's massive burst of money-printing - almost $70 billion a month - has driven the yen down and Tokyo stocks up. But now, 12 months after Abe was elected and eight months after Kuroda announced the big-bang stimulus package, financial markets are looking for more stimulus - already dubbed "JQE2", or Japan's second round of quantitative easing. Economic growth slowed sharply in the third quarter and while inflation is at its highest in five years, it is well short of the BOJ's price target and the outlook is weakening.
via Business News - Yahoo Finance http://finance.yahoo.com/news/insight-massive-economic-stimulus-boj-135223123.html
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