Bank of Japan Extends Its Bond-Buying Program

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By Trey Thoelcke Published
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Concern about the Japanese economy has increased as the Bank of Japan extended its bond-buying program. The central bank increased its commitment by $138 billion. The entire effort is expected to last through 2013.

The Bank of Japan’s plan is not a panacea. Most central banks around the world already have issued warnings that they cannot offset recessions, at least not entirely. The other message from these banks is that legislative policy is the only way to address the major problems that face the developed economic.

But the Bank of Japan’s effort may help the country a little, as its poor growth has been further hampered by a disintegration of its trade with China, brought on by territorial disputes. Several of Japan’s largest companies have warned that their earnings have been affected already and that the problem will worsen between now and year’s end if the dispute continues.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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