Forbes -
5 May 2016 21:51

After surprising the global financial markets in late January with an unprecedented shift (i.e. unprecedented for Japan) to a negative interest rate policy, the Bank of Japan (BOJ) surprised the market yet again late last week. This time, however, the BOJ spooked the markets on the downside, as it stood pat and did not expand its “Qualitative and Quantitative Easing” (QQE) policy as many analysts had expected. In response, the Japanese Yen rose by 4% against the U.S. dollar, while the Nikkei...
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