News Headline Summary

Japan's Abe reiterates call for bold monetary easing and says he will consider changing BoJ law

Update details:

- In a speech made earlier in the week, Abe called for "unlimited'' easing and a firm inflation target of 2% to 3%, rather than the 1% "goal'' the central bank has now.
- In the same speech, Abe said the Bank of Japan should lower what it pays commercial banks to park their money there to zero or even negative territory in order to stimulate lending, and called for an increase in military spending to "maintain the power balance with China.''

Print 07:26, 16 Nov 2012 - Economic commentary - Source: Newswires