Tuesday, April 9, 2013

US, Japan Now Global Allies in Money Printing

U.S. markets, particularly the riskiest areas of investment, are likely to benefit at least near term from the latest entrant to the central bank money-printing arena.

Following the lead of the Federal Reserve, the Bank of Japan last week announced an even more ambitious project to use created funds to buy assets in the hopes of boosting investment and inflation.

Considering the U.S. central bank already has pushed its balance sheet past $3 trillion, that's saying something.