Arab Today, arab today bank of japan defies government holds off easing
Last Updated : GMT 12:42:20
Arab Today, arab today
Arab Today, arab today

Bank of Japan defies government, holds off easing

Arab Today, arab today

Arab Today, arab today Bank of Japan defies government, holds off easing

Tokyo - DW

Despite mounting calls for bigger economic stimulus, Japan\'s central bank has refrained from pumping more money into the economy. As it keeps rates steady, it is taking the rap from both government and opposition. Following a two-day policy meeting, the Bank of Japan (BoJ) announced on Tuesday that it would not implement additional monetary easing measures to spur Japan\'s struggling economy. BoJ\'s policy board also voted unanimously to hold interest rates between zero and 0.1 percent, in spite of finding the world\'s third largest economy to be weakening on the back of dropping exports and factory output. In a statement, the central bank said that a \"high degree of uncertainty\" about Japan\'s economy prevailed as the country remained mired in deflation, which was undermining demand and would discourage investments. BoJ governor Masaaki Shirakawa said it was unrealistic to overcome deflation with monetary easing, adding that the general public was not hoping simply for an exit from deflation but an improvement in the economy as a whole. Japan\'s economy contracted by 3.5 percent year-on-year in the third quarter. This has prompted calls from the ruling Democratic Party of Prime Minister Yoshihiko Noda for more monetary action by the central bank. However, in October the BoJ already expanded an existing asset purchasing program from 80 trillion yen ($984 billion) to 91 trillion yen in a bid to generate inflation as a way to drag Japan out of its deflationary spiral. Last week, the BoJ was facing more pressure as Shinzo Abe, the leader of the main opposition Liberal Democratic Party, called for unlimited central bank easing, saying he would try to force the bank to buy government bonds. Highlighting the importance of central bank independence, BoJ governor Shirakawa said Abe\'s plans were nowhere implemented in any developed country, and that they were on a \"never-do list\" of the International Monetary Fund (IMF).

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of japan defies government holds off easing Arab Today, arab today bank of japan defies government holds off easing

 



Arab Today, arab today
Arab Today, arab today Kanye West puts hijab-wearing model

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 17:36 2017 Monday ,13 February

Designer prepares to present 2017 collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday