The Presidential Daily Brief

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    Bank of Japan Experiments With Deflation-Easing Policy

    It might be too little, too late. Japan’s economy has had three and a half years of slowed inflation, and the country’s central bank has had enough. It surprised the global financial community by vowing to cap 10-year bond yields and to intentionally overshoot its 2 percent inflation goal in a bid to bring prices up. The news saw the Nikkei rally nearly 2 percent and the yen fall slightly against the dollar while investors puzzle out whether this unusual step will help or hurt the nation’s finances.

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