THE ECB is not the only central bank making news this week. The biggest story is Japan, where new Bank of Japan governor Haruhiko Kuroda announced a smashing new asset-purchase plan in support of the Bank's new 2% inflation target. For now, the Bank of Japan intends to buy ¥50 trillion in government bonds per year, roughly a QE2 sized punch, and it will shift to purchasing longer-term bonds.
McDonald’s restaurants in Japan are rationing french fries after a labour dispute at U.S. ports crimped supplies of potatoes.
The company will only offer small fries to customers as it copes with the shortage, McDonald’s Corp.’s Japanese business said on its website. The policy will be in place until a steady supply of spuds can be ensured, the fast-food chain said.