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Tuesday, June 12, 2012

IMF Seeks "Powerful" Easing from BOJ

IMF Seeks "Powerful" Easing from BOJ
It also urged the Japanese central bank to boost purchases of corporate bonds, equities, and highly-rated securitized loans to small- and medium-enterprises.
In addition, it called for the BOJ to broaden its asset-purchases to include Japanese government bonds of more than three years in maturity, as well to be more publicly forthcoming with its asset purchases in an effort to raise inflation expectations. **
The IMF has now added a 10th circle to Dante's Hell.

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