TOKYO - Japan's central bank took new steps to encourage lending and Australia cut its benchmark interest rate to the lowest level in nearly half a century Tuesday, highlighting concerns about the global economy despite signs of a pickup in China and elsewhere. Skip to next paragraph Pool Photo by Akihiro Irie, via Associated Press Masaaki Shirakawa, governor of the Bank of Japan, which on Tuesday widened the type of collateral it would accept for loans. Japan, in particular, is in a recession...
Full Story: The New York Times
