BOJ and other central banks’ strategies: worlds apart
Jamaica Gleaner:- As BOJ increases interest rates, central banks elsewhere are moving rates in the opposite direction as part of efforts to deal with the global financial crisis.
Roubini: “2009 Recession Will Be Severe: There is a Global Deflationary Risk”
Tech Ticker, Yahoo Finance:- There is a global deflationary risk, which is what central banks are worried about. Today, the ECB and BOE cut interest rates by greater than expected levels…