The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a...

|By:, SA News Editor

The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a 2% inflation target and starting open-ended purchases of ¥2T/month in government bonds and ¥10T/month in T-bills starting in January 2014. The yen sinks, with a dollar buying ¥89.8 from an earlier ¥89.4.