Monday, March 14, 2011

Bank of Japan pours gobs and gobs of cash into economy, gold and silver rise

The action by the BOJ is not surprising. Japan's economy has had a weakened immunity system for nearly 2 decades now. This blast of cash right now might be vital in the BOJ's eyes, however one must remember that Japanese debt is already at 200% of GDP.

BOJ injects record cash to aid market

STABILIZATION MEASURES:Japan’s central bank also doubled the size of its asset-purchase plan to US$122 billion amid a plunge in equities and rise in credit risk

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.