The International Monetary Fund on Sunday strongly backed the European Central Bank’s plan to staunch the euro zone debt crisis with unlimited bond purchases, saying it was ready to get involved in designing and monitoring its implementation. The European Central Bank(ECB) announced its most promising plan on Thursday so as to ease the Euro-zone crisis and save its single currency.The ECB’s pledge of support came with fine prints : countries seeking help from the central bank to help with their borrowing costs must first ask the 17-nation euro-zone’s existing bailout funds to buy their bonds keeping the International Monetary Fund involved. The sovereign debt is moreRead More →

Japan faces a history of ten years of repeated recessions followed by stagnation. As a sharp contrast to the stable performance in and before 1980’s, 1990’s was referred to as the “lost decade” by the Japanese. This area is identified as important since Japanese banks, two decades ago, were amongst the strongest in the world and hence their decline serves as a warning and an example to the rest of the world. In 1980s, Japanese banks surpassed the American competition and emerged stronger than the American banks, having market share of 25% of the banking businesses inCalifornia and 15% across the world. What experts failedRead More →