L.A. Times - Asia: Japan's central bank pledges new stimulus to combat deflation

L.A. Times - Asia Headlines from latimes.com

Japan's central bank pledges new stimulus to combat deflation Jan 23rd 2013, 00:00 The Bank of Japan adopts a 2% inflation target and plans to pump money into the financial system by buying government bonds. Critics say it isn't doing enough. WASHINGTON — In unveiling a new stimulus plan, Japan's central bank for the first time set an ambitious inflation target aimed at breaking the nation out of its long deflationary trap and economic stagnation. Media files: 16x9

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