BoJ orders new stimulus worth $53 billion

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Source: Reuters
The Japanese central bank is set to craft another round of monetary easing this week totaling about $53 billion in order to spur the economic growth as the country is planning to raise its national tax next April, the largest step to fight the government debt in decades. The Bank of Japan's Governor Shinzo Abe ordered a financial aid package between 5.4 trillion and 5.5 trillion yen.

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Tue, 03 Dec 2013 10:14:06 GMT

European shares drop on signs of less stimulus

European stocks declined on Tuesday falling for the third straight session before a government data showed that U.S. jobless claims improved suggesting that the Federal Reserve may curb its stimulus soon amid batch of favourable economic data from the country. The Euro Stoxx 50 futures expiring in December lost 0.2% to 3,072 as of 7:13 a.m. London time.

Tue, 03 Dec 2013 09:52:05 GMT

Yen falls against its most-traded peers on more stimulus

The Japanese Yen weakened on Tuesday traded close to its lowest level in a six-month period versus the U.S. Dollar and a five-year low against the 17-nation bloc currency and the British Pound as Bank of Japan claimed more stimulus. The Yen dropped 0.2% to 103.10 per U.S. Dollar, it also declined 0.2% to 139.50 per Euro and it reached

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