Japan News
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The Federal Reserve’s decision to set a 2 percent inflation target last month had a ripple effect a continent away: Japanese lawmakers are invoking it as evidence that their own central bank comes up short.
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Japanese stocks fell, with the Nikkei 225 Stock Average retreating from a three-month high, as China’s inflation climbed more than expected, tempering prospects for further monetary easing, and Greece’s debt talks stalled over proposed pension cuts.
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The euro was 0.2 percent from a two- month high as Greek Prime Minister Lucas Papademos met with European and International Monetary Fund officials to resolve a dispute over pension cuts.
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The Nasdaq Composite Index has entered a bull market and stocks may continue to rally through the end of March, according to Louise Yamada, who said in December that equity charts were signaling further losses.
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