World news: Bank of Japan unveils aggressive easing, Kuroda take...
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World news:
Friday April 05 2013
Financial Times - World
Bank of Japan unveils aggressive easing
Central bank governor announces arrival with plan to buy long-term bonds to rid Japan of the deflation that has dogged it for almost two decades
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/IE8HN5/AZ/h?a1=2013&a2=4&a3=5
Kuroda takes markets by storm
The Bank of Japan governor is determined to double Japan's monetary base and meet the target to introduce 2% inflation within two years
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/T15ZOL/AZ/h?a1=2013&a2=4&a3=5
Obama budget plan set to curb tax breaks
Democrats and liberal groups predict president will stick to old definition of wealthy, applying limits to households with incomes above $250,000
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/HIGTNY/AZ/h?a1=2013&a2=4&a3=5
Budget axe starts landing on economic 'lifelines'
In small cities, the budget battles have forced local politicians to dip into their own budgets to keep their airports functioning
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/NRVOLH/AZ/h?a1=2013&a2=4&a3=5
ECB signals rate cut on the agenda
Central bank keeps its main refinancing rate on hold at 0.75%, hours after Japan stunned investors with a dramatic easing plan
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/FDH1J5/AZ/h?a1=2013&a2=4&a3=5
Sequestration's slow burn will not mitigate effects
If the sequestration continues into the next financial year, then those temporary expedients will no longer work
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/IE8HN7/AZ/h?a1=2013&a2=4&a3=5
Bank chiefs reluctant to follow Japan
The revolution in monetary policy will fascinate the central bank community, as its feeble economic performance is seen as the canary in the coal mine
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/52JQWL/AZ/h?a1=2013&a2=4&a3=5
Syrian refugees flood neighbouring states
Ankara hosts 187,000 civil war refugees in 17 camps with 200,000 more in towns. In Lebanon, officials believe Syrians make up quarter of populace
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/VTWM0J/AZ/h?a1=2013&a2=4&a3=5
IEA to open up to emerging nations
The International Energy Agency, often considered the western countries' oil watchdog, has started talks with seven emerging economies
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/4VSE4B/AZ/h?a1=2013&a2=4&a3=5
Hopes of thaw as Peña Nieto heads to China
Mexican leader sends signals to Chinese counterpart of a desire to place bilateral relationship between the two countries on a warmer footing
http://link.ft.com/r/H60H77/SU0LOY/XTKJOM/YB3L1J/HIGTNK/AZ/h?a1=2013&a2=4&a3=5
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