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Bank of Japan's hoard of assets now bigger than the economy

Business / Economy Nov 14, 2018

Bank of Japan's hoard of assets now bigger than the economy

by Yuko Takeo

The Bank of Japan's massive asset purchase program has taken it into uncharted territory, with its ballooning holdings now larger than the country's annual economic output. Its holding reached a staggering ¥553.6 trillion ($4.9 trillion), figures released Tuesday show, compared with nominal gross domestic product ...

Maduro heads to China in bid to bolster Venezuela's collapsing economy

Business Sep 13, 2018

Maduro heads to China in bid to bolster Venezuela's collapsing economy

Venezuelan President Nicolas Maduro departed Wednesday for China in search of agreements to bolster the oil-exporting country's collapsing economy. Maduro said the trip was "very necessary, very opportune and full of great expectations." "We are leaving under better conditions, having activated a program of economic recovery, ...