Japan central bank hopes a bold bond buy will solve an old problem

Japan is fed up with years of deflation and a sluggish economy, and now its central bank is getting aggressive. Today, the Bank of Japan launched a sweeping bond-buying program to pump money into the economy. Traders liked what they saw, but do the Japanese people think it will work?

BBC Tokyo correspondent Rupert Wingfield-Hayes joined Marketplace’s Mark Garrison to explain the plan and why the central bank is backing it.