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Bank of Japan Makes Monetary Regime Change, More Bad News for Barclays

Receiving Wide Coverage ...

Bank of Japan Fights Deflation: The Bank of Japan took steps toward a "monetary regime change" this Monday, announcing plans "to enact an ambitious program of further monetary easing" and raise its inflation target to 2%. The plan is intended to end "years of corrosive deflation" and was enacted under pressure from Japan's new Prime Minister Shinzo Abe. It involves (and this will sound familiar) "open-ended" asset purchases and a near-zero interest…

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