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Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program

 
Psych

User ID: 903456
Netherlands
10/27/2011 03:04 PM

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Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program
The Bank of Japan announced an expansion of its Asset Purchase Program (quantitative easing) of 5 trillion yen, to a new total of 55 trillion yen, with the increase designated for purchase of Japanese government bonds (JGBs).

The Bank said: Some more time will be needed to confirm that price stability is in sight and due attention is needed for the risk that the economic and price outlook will further deteriorate depending on developments in global financial markets and overseas economies. While steadily implementing its decision in August to enhance monetary easing, especially through the purchase of financial assets, the Bank deemed it necessary to further enhance monetary easing so as to ensure a successful transition to a sustainable growth path with price stability.

More: [link to www.centralbanknews.info]
Anonymous Coward
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United States
10/27/2011 03:09 PM
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Re: Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program
QE to infinity .....................it will never end until it does.

bump
MaxMad

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10/27/2011 03:09 PM

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Re: Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program
The Bank of Japan announced an expansion of its Asset Purchase Program (quantitative easing) of 5 trillion yen, to a new total of 55 trillion yen, with the increase designated for purchase of Japanese government bonds (JGBs).

The Bank said: Some more time will be needed to confirm that price stability is in sight and due attention is needed for the risk that the economic and price outlook will further deteriorate depending on developments in global financial markets and overseas economies. While steadily implementing its decision in August to enhance monetary easing, especially through the purchase of financial assets, the Bank deemed it necessary to further enhance monetary easing so as to ensure a successful transition to a sustainable growth path with price stability.

More: [link to www.centralbanknews.info]
 Quoting: Psych


Got Gold and Silver?
Psych (OP)

User ID: 903456
Netherlands
10/27/2011 03:41 PM

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Re: Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program
Got Gold and Silver?
 Quoting: MaxMad


Yes and Yes!
Anonymous Coward
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United Kingdom
10/27/2011 03:42 PM
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Re: Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program
or, put another way, they just changed the ink in the printer.
Anonymous Coward
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10/27/2011 03:55 PM
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Re: Japan Adds 5 Trillion to a New Total of 55 Trillion Yen to Quantitative Easing Program
man i wish i could print my own money

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