VoicesAbroad

Source:Reuters Published: 2014-4-22 20:43:01

"The door to sustained outflows is open now, and wider than it has been in a long time. It's all about sustained low interest rates and the need for protection against rising rates just doesn't seem so strong anymore."

Jeff Tjornehoj, head of Lipper Americas Research,

commenting on the large scale withdrawal of retail investment capital from bank loan funds last week, breaking a nearly two-year streak of inflows, according to a Reuters report. Federal Reserve Chair Janet Yellen's reassurances that the Fed will prolong its near-zero interest rate strategy doused the urgency to stock up on loans at current low yields. Investors pulled about $249 million from bank loan funds in the week ending April 16, according to Lipper.



"Charging vehicles are typically left unattended and there is a risk of fire that could affect the vehicle and its surrounding environment."

The US National Highway Traffic Safety Administration (NHTSA),

explaining why the agency opened an investigation into electric car chargers made by Robert Bosch LLC after a driver of a 2013 Nissan Leaf reported one emitted smoke while charging, Reuters reported. The NHTSA said in documents filed online over the weekend that it opened the preliminary evaluation into the possibility that an estimated 50 chargers may overheat and result in a fire. A preliminary evaluation is the first step in a process that could lead to a recall if regulators determine a manufacturer needs to address a safety problem. The charger used, a Bosch Power Xpress 240V, had been charging for over an hour at 30 amps at a private residence when signs of overheating were noticed, according to NHTSA as well as the consumer complaint filed in August.



"The BOJ will probably maintain its bullish price forecast for as long as possible and keep policy unchanged until it becomes absolutely impossible to continue arguing that its price target can be met."

Miyako Suda, a former board member of the Bank of Japan (BOJ),

saying that the BOJ is likely to hold off on expanding monetary stimulus for as long as possible, according to Reuters. He added that despite some initial success the central bank is unlikely to hit its inflation target, as it is unclear how asset purchases would lead to higher inflation expectations. When the BOJ feels something must be done, it will take "extraordinary" steps such as buying government bonds on a massive scale.



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