Shirakawa Leaves Onus on Abe for Stimulus as BOJ Action Deferred

Shirakawa Leaves Onus on Abe for Stimulus as BOJ Action Deferred

Tomohiro Ohsumi/Bloomberg

A pedestrian walks past the Bank of Japan headquarters in Tokyo. Yesterday’s BOJ action, which follows the U.S. Federal Reserve’s expansion of bond purchases in December, puts a planned 13 trillion yen a month in extra securities buying on hold until next January.