Bernanke: Market Rates Rose on Unwinding of Risk

July 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke says one reason for the recent rise in long-term interest rates is the unwinding of leveraged and "excessively risky" investing. The climb in market interest rates could also be attributed to improved economic data and misinterpretations of the Fed’s plans, Bernanke said in response to a question from Senator Tim Johnson, a South Dakota Democrat, during his testimony before the Senate Banking Committee. (This is an excerpt. Source: Bloomberg)

Will BOJ Stimulus Work for Japan's Economy?
43:12 - Japanese Prime Minister Shinzo Abe announced plans for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the economy, Kyodo News reported. Abe, speaking in the southern city of Fukuoka on Wednesday, said the measures would be compiled next week, Kyodo said. It must then be presented to the parliament, where approval is a formality because the ruling coalition has a majority in both houses. Tatton Investment Management CIO Lothar Mentel discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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