Posts from Sunday Mar 13 2011

Bank of Japan to the rescue with ‘thoroughly considered’ action

As suggested on Friday, the Bank of Japan is getting ready for some “thoroughly considered” action in the wake of Friday’s devastating 8.9-magnitude earthquake and tsunami in Japan’s northeast.

On the weekend, it provided Y55bn ($670m) in funds to financial institutions in quake-affected areas, in a push to ensure banks in the worst-hit regions do not run out of cash by extending loans at favourable conditions. Read more

FTfm on AV

Some highlights from Monday’s FTfm.

DC pension savers head for poverty
People in such schemes have lost an average £10,000 a year of future retirement income over the past decade and will need to save a third of their salary to make up the shortfall, according to recent research Read more