While you were sleeping Central bank stimulus

Thu, 04 Apr 2013

By Margreet Dietz April 5 (BusinessDesk) - Wall Street gave up some earlier gains as concern about weak US economic data outweighed the reassurance that global central banks remain more committed than ever to bolster growth. Bank of Japan Governor Haruhiko Kuroda began his term with a larger-than-expected boost to kick-start the Asian nation's economy including plans to purchase 7 trillion yen (US$73 billion) of bonds a month. "This is an unprecedented degree of monetary easing," Kuroda told reporters, according to Reuters. "We took all avai...

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