organisation > Bank of Japan
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We ask if Prime Minister Shinzo Abe's 'Abenomics' approach is the best way to ease the country's financial troubles.
Bank of Japan plans to double money supply and will try to hit two percent inflation target at "earliest possible time".
Figures show economy remained mired in recession during final quarter of 2012, after weak demand at home and overseas.
US employers added 157,000 jobs in January and hiring was stronger over past two years than previously thought.
During last day of meetings, world financial leaders warn that more needs to be done to stabilise global economy.
Bank of Japan doubles inflation target as PM Shinzo Abe's government pushes for plan to kick-start struggling economy.
The new measures approved by the cabinet aim to lift the economy out of recession and create 600,000 new jobs.
If Abe manages to restore Japan to a healthy growth path perhaps it will put an end to austerity economics in the US.
After appointment for second stint as prime minister, Shinzo Abe names cabinet filled with allies to help fix economy.
With little sign of improved economic fundamentals, rapid currency appreciation is a potentially dangerous development.
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