Third Point’s Loeb: BOJ Move Will Be ‘Positive’ For Markets

(Reuters) Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan’s monetary policy move, but added corporate reform is still needed to help revive growth.

The Japanese central bank announced earlier on Wednesday it would target interest rates on government bonds and Loeb said the move will have “very positive implications for the market.”

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply