by Calculated Risk on 1/22/2009 01:06:00 AM

From Bloomberg: BOJ to Consider Buying Company Bonds; Cuts Forecasts

The Bank of Japan said it ... may buy corporate bonds with a maturity of up to one year ...

Policy makers today slashed their forecasts for growth and signaled a return to deflation in a quarterly review of the economic outlook.

It sounds like Japan and the U.K are both in worse shape than the U.S.

A late night thread for you all.