The Japanese central bank will buy more government bonds from banks to boost lending and get funds flowing again in the recession-stoked economy. The central bank said the government bond purchases were aimed at easing a credit crunch in Japan, as the economy fights its worst recession since 1974.
The world bank has cut down Chinas GDP forecast with 1% and at the same time comes reports of foreign investments in China going way down. In India predictions of GDP is down 1,5%.
The Venezuelan dictator (that gets fatter for every time you see him) is now going to centralize power held by regional leaders. And a new law would further reinforce his ability to intervene in state affairs.
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