❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now
BBC World Service

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

Rupert Wingfield-Hayes Apr 4, 2013
HTML EMBED:
COPY
BBC World Service

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

Rupert Wingfield-Hayes Apr 4, 2013
HTML EMBED:
COPY

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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.