Japan Follows U.S. and Europe in Stimulus Moves; Other Actions Expected
By Tom Lauricella
Massive injections of stimulus into financial markets by the world’s largest central banks are creating a domino effect around the globe, prompting governments from Brazil to Turkey to take steps to keep easy money from flooding in and driving up their currencies.
The Bank of Japan Wednesday became the latest central bank to ease monetary policy. That follows bold pledges by the world’s two biggest central banks to launch open-ended programs to bolster their economies.