Japanese stimulus to tackle deflation

Posted: January 23, 2013 at 2:57 a.m.

Taking a page from the Federal Reserve’s stimulus playbook, Japan’s central bank on Tuesday set a 2 percent inflation target and made an “openended” pledge to buy a potentially unlimited amount of government bonds to bolster its long sluggish economy.

This story is only available from our archives.

Business, Pages 24 on 01/23/2013


« Previous Story

Dow makes 8th gain in 9 sessions

Specialists Gregg Maloney, left, and Peter Elkins, center, work on the floor of the New York Stock Exchange Tuesday, Jan. 22, 2013. Stocks are wavering in early trading on Wall Street as U.S. companies turn in a mixed batch of earnings reports. (AP Photo/Richard Drew)

Strong earnings reports from big U.S. companies helped push the Dow Jones industrial average to its eighth gai... Read »

Next Story »

Delta profit slides to $7 million

FILE - In this Monday, Oct. 29, 2012, file photo, travelers on Delta Airlines waits for flights, in Detroit. Delta said Superstorm Sandy hurt fourth-quarter profits by $100 million in 2012. That, plus special charges, left Delta Air Lines Inc. with a profit of just $7 million.  (AP Photo/Charlie Riedel, file)

Delta Air Lines Inc. said Tuesday that its fourth-quarter profit was nearly wiped out by Hurricane Sandy and s... Read »