Why did the BOJ Hold Off on More Stimulus?
The Bank of Japan declined to step up its monetary stimulus Friday even as it postponed its time-frame for reaching a 2 percent inflation target for the second time this year. BOJ Governor Haruhiko Kuroda and his fellow board members said in a report detailing updated economic projections that the slide in oil prices was to blame for reduced consumer-price forecasts for the coming two years. The bank now sees the inflation target reached around the six-month period through March 2017. At the start of this year, the expectation was for the goal to be realized in the fiscal year through March 2016.
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Infosys CEO Resigns After Criticism From Founders
46:27 - Infosys Ltd. Chief Executive Officer Vishal Sikka has stepped down following criticism from the company’s founder. Chief Operating Officer Pravin Rao will become interim CEO. Bloomberg's Caroline Hyde reports on "Bloomberg Technology." (Source: Bloomberg)