Tokyo stocks soar on BoJ easing plan

William Grimes, College of Arts & Sciences

Tokyo stocks soared on Friday, hitting record volumes as investors embraced sweeping new Bank of Japan stimulus measures which sent the yen plunging, spelling good news for the key export sector…

Expert quote:

“Deflationary expectations are much more firmly entrenched among Japanese companies and consumers (now). Also, Japan’s fiscal situation has become much worse.”

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