Morning briefing: Bank of Japan eases monetary policy
1. The the Bank of Japan announced new stimulus measures after an emergency meeting Monday. The central bank decided to further ease monetary policy by expanding a low-interest loan program for financial institutions by 50 percent to $355 billion.
2. Economic confidence in the 16-country euro zone in August rose to its highest in nearly 2 1/2 years.
3. Poland's economy grew faster than expected thanks to a strong recovery in Germany and elsewhere in Western Europe that boosted exports.
4. Singapore officials, fearing a bubble, moved to cool its property market.
5. U.S. stock futures and Asian and European markets were up following the news from the Bank of Japan on Monday and U.S. Federal Reserve Chairman Ben Bernanke's speech on Friday.
Ariana Eunjung Cha
August 30, 2010; 8:00 AM ET
Categories: *Morning briefing
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