Fed’s Yellen Says Japan’s Easing Appropriate to End Deflation
This article is for subscribers only.
Federal Reserve Vice Chairman Janet Yellen said the Bank of Japan’s plan to double its monetary base is appropriate to end the country’s deflation.
“What Japan is doing is something that is in their own best interest,” Yellen said today in response to audience questions after a speech in Washington. “It’s something that, if successful, will be good for stimulating growth in the global economy and will be good for us too.”