Ben Bernanke introduces new tools to fight with unemployment

Note: This section contains information in English only.
Source: Bloomberg
Ben Bernanke, chairman of the Federal Reserves Bank, announced yesterday an additional stimulus tool by purchasing $45 billion treasuries every month, expecting that would help to boost economic growth, but pushing the Fed's balance sheet from $2.86 trillion to $4 trillion by the end of next year. Also, Bernanke said that the key interest rate will stay unchanged until the unemployment rate decrease to 6.5%. According to forecasts, there won't be any joblessness falling until 2015.
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Thu, 13 Dec 2012 14:22:57 GMT

Weakening Yen leads to higher shares in Japan

Asian stocks gained  on the rally of Japanese exporters as the yen depreciated to almost nine-month low against the dollar. The currency dropped on optimism Shinzo Abe will win the election on December 16. Experts say the current economic state and the overall environment is quite supportive for Asian stocks.The Japanese Nikkei 225 Stock Average gained 1.68%, or 161.27 to

Thu, 13 Dec 2012 13:29:59 GMT

South Korean Won reaches a 15 month high on Fed decision

The Won, South Korea's domestic currency, increased for a fifth day, as the price increased by 0.2% to 1,073.03 against the Dollar in Seoul trading session on Thursday. The Won experiences the longest streak of gains since October, as the U.S. governors fail to reach a deal on the budget and Fed announced an expansion of the monetary easing program

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