December 05, 2013

Bank of Japan tries to shake off 15 years of deflation with unprecedented monetary stimulus


"Since April, the Bank of Japan has embarked on monetary stimulus of an unprecedented scale in a bid to jolt the Japanese economy out of 15 years of deflation, part of a wider economic growth push introduced by Prime Minister Shinzo Abe."



Source
Japan’s Central Bank Holds Steady Amid Market Volatility
By HIROKO TABUCHI
Published: June 11, 2013
New York Times

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