Arab Today, arab today bank of japan increases stimulus and keeps rates low
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Bank of Japan increases stimulus and keeps rates low

Arab Today, arab today

Arab Today, arab today Bank of Japan increases stimulus and keeps rates low

London - Arabstoday

The Bank of Japan (BOJ) has expanded its asset purchase programme by 5tn yen ($66bn; £41bn) in a bid to boost growth. The move comes amid concerns that the European debt crisis coupled with a strong yen may hurt Japan\'s post-quake recovery. The BOJ also left rates unchanged at between zero and 0.1%. The central bank said it will use the extra funds to purchase Japanese government bonds. Analysts said the bank\'s decision was an attempt to restore faith in the economy. \"Basically it is a message to international sovereign markets unsettled by the European debt crisis, that the BOJ is willing to bailout the Japanese bond market if it is necessary,\" Martin Schulz of the Fujitsu Research Institute told the BBC. \"The volume however is negligible, so this move is more of a message than a policy act,\" he added. Effective currency tool? The central bank\'s decision comes at a time when the Japanese currency has been reaching record levels against the US dollar. Uncertainty in the global markets driven by the European debt crisis and fears of a slowdown in the US has encouraged investors to buy the Japanese currency as a safe-haven asset. It was trading at 75.94 yen against the US dollar in Asian trade. However, analysts said that the central bank\'s decision is unlikely to help weaken the yen as investors are likely to stick to less risky assets for now. \"The BOJ did show that it won\'t let the yen\'s appreciation go unchecked, but any weakening of the currency is likely to be temporary as the latest step simply will not be able to change the global trend towards risk aversion,\" said Katsutoshi Inadome of Mitsubishi UFJ Morgan Stanley Securities. Satoru Ogasawara of Credit Suisse added: \"the yen\'s moves are influenced by Europe\'s situation. If things improve, that would weaken upward pressure on the yen, but Europe hasn\'t made a final decision\".  

arabstoday
arabstoday

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 increases stimulus and keeps rates low Arab Today, arab today bank of japan increases stimulus and keeps rates low

 



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 increases stimulus and keeps rates low Arab Today, arab today bank of japan increases stimulus and keeps rates low

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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