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Women losing coverage under Obamacare, too
Topic - Bank Of Japan
Renewed concerns about central banks easing off their efforts to support the global economy weighed on the U.S. stock market Tuesday. Indexes were slightly lower in afternoon trading.
This week, Ben S. Bernanke announced that the Federal Reserve would continue its misguided quest to ease our financial woes with purchases of $85 billion per month in mortgage-backed securities and Treasuries.
Japan's government called for global action to calm currency markets Thursday as it took bold measures to help Japanese companies trying to recover from the March 11 disasters and a rising yen.
Japan's central bank injected a record 7 trillion yen ($85.5 billion) into money markets, and the Tokyo stock market nosedived Monday on the first business day since an earthquake and tsunami devastated the country's northeast and raised dire worries about the economy.
Stocks surged to their highest level in five months Tuesday after a measure of the most important driver of the U.S. economy surged ahead in September, a hopeful sign for the country's main source of employment.
Stocks are opening higher following gains in world markets after the central bank of Japan moved to weaken the yen.
Japan waded into the currency market Wednesday for the first time in six years, buying dollars to weaken the surging yen, which is battering famed Japanese manufacturers like Toyota and Sony after spiking to 15-year highs.