Reuters dominates Bank of Japan coverage

Reuters was nearly 5 seconds ahead of Bloomberg on May 21 in reporting the Bank of Japan’s loan scheme targeting growth industries, the latest monetary policy action aimed at boosting the economy mired in deflation. But clients were warned by Reuters four days earlier from a former BOJ board member that the latest move would do little to the world’s second biggest economy. In an exclusive interview, which was picked up by Bloomberg, Teizo Taya also said that Japan is likely to face a sovereign debt crisis in thee to four years as the current account surplus is expected to fall into deficit.