Bond-buying up in safe haven Japan
Expat Financial & Investment News Update - 22nd December 2011
Robert Harris of Forth Capital talks about the meager market performance as the European Central Bank lent cheap money to eurozone banks. But instead of buying eurozone sovereign debt, the banks seem to be sitting on the cash they’ve borrowed to shore up their balance sheets. Plus a boom in bond purchases in Japan, which is being seen as a safe haven. In corporate news, Nike’s income rose in the second quarter.