The tidal wave of bond buying announced by Japan late last week is washing up on European shores this morning.
Investors poured into European sovereign debt today, in part because the Japanese stimulus sent yields on that country’s debt diving to a record low. The Bank of Japan announced a plan Thursday to double its current bond buying, pumping $746 billion into its economy every month in an effort to tick inflation up to its 2 percent target and put an end to deades of deflation.
