The Bank of Japan expectedly raised its benchmark short-term interest rate by a quarter percentage point, to 0.50 percent. The decision has been taken on judging that an expanding economy required higher borrowing costs despite little sign of inflation. The BOJ has further stated that the economy is[...]
Posts Tagged ‘Bank of Japan’
April 17th, 2012 - 9:21 am § in News Of Economy
India to overtake Japan in PPP by 2025: Japan’s Central Bank governor
India is growing with great pace of development and the national leadership is concentrating to put the sectors such as agriculture and power on the line of development now. The next target for India is to achieve 10 percent growth rate. Now, a new report says that Indian economy is all set to overt[...]
April 9th, 2012 - 6:49 am § in News Of Economy
Bank of Japan keeps interest rate at 0.5 %
The Bank of Japan decided to retain the interest rate at 0.5 percent. It was expecting that bank of Japan would increase its benchmark bank rate, but bank emphasis to judge the economic strength before tightening policy. Policy makers are in a favor of adopting an economy boosting policy to ensure c[...]
February 3rd, 2012 - 1:59 pm § in News Of Economy
Asia-Central banks eye to save markets from subprime crises
Asian banks are taking initial step to avoid the market precariousness as the US subprime woes are continuously affecting major markets. Being a highly developing region, Asia assumes to be less affected from the existing crises, but Asian nations aren’t taking any chances and are ready to fac[...]
February 2nd, 2012 - 1:56 pm § in News Of Economy
European markets set to rebound but Asian counterparts continue to fall
The US subprime mortgage monster has already eaten up many markets. All major central banks have come up to protect their economies. Western economies seem to have somewhat left the darker period behind, but budding Asian economies seem tied in the knot of subprime elf. Wall Street shows signs of re[...]
January 23rd, 2012 - 1:26 pm § in News Of Economy
Bank of Japan holds interest rate
The Bank of Japan kept interest rates on hold in the face of market turmoil that has sent both stocks and the dollar sliding. Being a central bank BOJ, is an entity responsible for the monetary policy of Japan. Its primary responsibility is to maintain the stability of the national currency and [...]