The Presidential Daily Brief

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  1. Japan’s Central Bank Stirs Global Economy

    In a surprise move, the Bank of Japan announced Friday it would once again buy up massive amounts of government bonds in an attempt to prod a recovery. The move caused stocks worldwide to jump, including by nearly five percent in Japan today alone, and Wall Street closed at a new record high. The strategy — aka quantitative easing — was the cornerstone of the United States’ recovery effort up until Feds wound it down this week. 

    NYT

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