Japan Boosts Stimulus

This strategy is working everywhere else, right?


The Bank of Japan has boosted its key stimulus measure amid concerns that Japan's economic recovery may be running out of steam.

It has extended its asset purchase programme, under which it buys bonds to keep long-term borrowing costs down, by 11 trillion yen ($138bn; £86bn).

It will also offer unlimited loans to banks to encourage lending and boost domestic demand.

Analysts said the bank may need to take further measures to spur growth.