Archive for September 19th, 2012

Larry's Blog

Republicans Versus Democrats: Which Party Delivers Greater Economic Well-Being?

September 19, 2012

The economic track record of America’s two main policy parties is a topic treated before on this blog in several different articles over the past four years.  Given the emotional stakes associated with the question of which party outperforms the other, it is perhaps not surprising that this series of updates has generated some of […] More

New Overnight Developments Abroad - Daily Update

Spotlight on Japan

September 19, 2012

The Bank of Japan expanded quantitative stimulus but did not exceed market expectations.  The actions taken by the Policy Board of the BOJ depressed the yen to as low as 79.23 per dollar, but its net overnight drop was just 0.3% against the dollar.  The greenback also rose 0.3% against the euro, 0.2% relative to […] More

Central Bank Watch

Bank of Japan Eases

September 19, 2012

The BOJ Policy Board met for six hours and 35 minutes over two days and then released a statement unveiling several changes in its stance that were agreed by a unanimous 9-0 vote of committee members. The size of the Asset Purchase Program (APP) was increased for the third time this year, this time by […] More