JApan economy & housing market update

Economy
On April 4th, the newly minted Bank of Japan Kuroda (BOJ) announced sweeping new changes to expand the scale and scope of monetary easing measures. The quantitative easing measures are projected to nearly double Japan's monetary base to 270 trillion yen by the end of 2014 in view of achieving a 2% annual inflation target. The BOJ measures resulted in a further weakening in the Japanese yen towards near par to the US dollar and a rally in the Nikkei stock exchange.

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