Central banks aren't done rescuing markets. That's a good thing [CNNMoney.com]
Diamond Offshore Drilling, Inc. (DO)
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Source: CNNMoney.com
Central banks aren't done rescuing markets. That's a good thing A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . London (CNN Business) An unprecedented intervention by central banks has helped markets back away from a cliff edge. Now, as the economic pain from global shutdowns intensifies, policymakers are stepping up again. The latest: The Bank of Japan expanded its stimulus efforts again on Monday. The central bank said it would buy an unlimited number of government bonds and significantly ramp up purchases of corporate bonds and commercial paper. "Japan's economy has been in an increasingly severe situation due to the impact of the spread of the novel coronavirus," the central bank said in a statement, noting that policy responses so far have had "some positive effects" but the flow of credit to companies remains strained. Investor insight: The move pushed up Japan's Nikkei 225 by 2.7% whi
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