News Headline Summary

Japan lower house passed deficit financing bill

Analysis details (10:34)

- The governing and opposition parties of Japan agreed to pass a deficit financing bill in Parliament to steer the country away from fiscal crisis, while the prime minister considered calling elections as soon as next month.
- Japan's opposition party leader Abe says he wants to work with the Bank of Japan to reverse the trend of the strong JPY and revive the economy, calling for unlimited easing until deflation is overcome even suggesting the Bank of Japan should set interest rates at zero or below zero to enhance lending.

15 Nov 2012 - 10:32 - Fixed Income Economic Commentary - Source: Newswires

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