Japan’s Nikkei, the national stock market, jumped above 13,000 today reaching is highest level since August 2008.
Yesterday, the Bank of Japan announced that it’s going to double the country’s money supply in order to contribute to growth and raise inflation from 1 per cent to 2 per cent as soon as possible. The Japanese economy was suffering from deflation for years and the Central Bank’s decision is considered a drastic change of its monetary policy.
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