Tuesday, February 14, 2012

Japan Announces $130 Billion QE Program, One Percent Inflation Target; 4th Quarter GDP Unexpectedly Contracts 2.3%; Lawmakers Threaten to Take Over Monetary Policy

"Japan's 4th Quarter GDP Unexpectedly Contracts at 2.3% Annualized Rate

The Financial Times reports Japan’s GDP shrinks in fourth quarter
February 13, 2012

Japan’s economy shrank for the third time in four quarters between October and December, after floods in Thailand damaged production, and a strong yen and subdued overseas demand hurt exports..."

at  http://globaleconomicanalysis.blogspot.com/2012/02/japan-announces-130-billion-qe-program.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29