Stimulus Merits in Focus as ECB Weighs Action

November 21, 2014 6:12 AM

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Japan's return to recession has renewed questions about the effectiveness of its recent monetary stimulus ? and how anything similar would help Europe's struggling economy.

The European Central Bank is edging toward the same kind of large-scale bond purchases that the Bank of Japan has used. Proponents say the measure, typically used as a last resort by central banks, could boost the shaky eurozone recovery by reducing borrowing costs for businesses, households and gov...

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