Kuroda Stuns the market – Bank of Japan Boosts Bond Purchases

Bank of Japan (8301) Governor Haruhiko Kuroda 1 – 0 Deflation

Good Job Kuroda you promised the world and you delivered , this a Central Bank Governor that now has the confidence of the market and the world .

The central bank buy 7 trillion yen ($74.6 billion) of bonds a month!!! THAT BIGGER THAN Switzerland GDP PER YEAR !!!!!!!

Yen weakens against the $ – 94.122 AND THE NIKKEI turned A -1.5% LOSS to a 0.5% gain.

Watch this space Japan has declared war on deflation !!

BBC

Bloomberg

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