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Japan to keep printing money

The Bank of Japan announced they will continue to expand the monetary base at a pace of 60-70 trillion yen per year

By Richard Nehme | May 27, 2014 14:16 BST
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The Euro plunged to a 3-month low of 1.3614 against the US dollar on the back of dismal German IFO Data on Friday, indicating that European Central Bank may boost stimulus as early as next month. The index fell to 110.4 in May from 111.2 a month earlier. Yesterday the president of the ECB continued to reiterate warnings of Eurozone deflation and German Gfk consumer confidence came in as expected at 8.5 yesterday [...]

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