Draghi: ECB Could Buy Government Bonds

Mervyn King highlights the euro area's risk to global growth due to the ECB's single monetary policy across diverse member states. Mario Draghi suggests unconventional measures like government bond buying to stimulate the eurozone if needed. Forecasts predict weaker growth in the euro area. Meanwhile, Japan's Prime Minister Shinzo Abe considers options like a snap election and stimulus package after Japan enters a recession.

What economic situation did Japan confirm it had slipped into?

What options are being considered by the Japanese Prime Minister in response to the economic situation?