Arab Today, arab today bank of japan strikes lessoptimistic tone on economy
Last Updated : GMT 07:26:29
Arab Today, arab today
Arab Today, arab today

Bank of Japan strikes less-optimistic tone on economy

Arab Today, arab today

Arab Today, arab today Bank of Japan strikes less-optimistic tone on economy

Bank of Japan
Tokyo - AFP

The Bank of Japan on Tuesday struck a less optimistic tone on its view of the world's number three economy, but it held off launching fresh monetary easing measures after a two-day meeting.
The central bank, which has been upbeat on Japan's prospects, flagged housing and industrial production as weak spots in a statement outlining its unanimous decision.
It added that an uptick in business sentiment has "paused" on the back of an April sales tax hike that led to a sharp contraction in second-quarter gross domestic product.
"Japan's economy has continued to recover moderately as a trend," the BoJ statement said, but it noted "some weakness, particularly on the production side" as demand dived after the introduction of April's sales tax hike.
Investors will now turn their focus to governor Haruhiko Kuroda's post-meeting comments as speculation increases that the BoJ will be forced to act as the economy continues to struggle.
Kuroda's upbeat take on Japan's economy has appeared increasingly at odds with the official data, as Japan's economy suffered in the April-June quarter its deepest contraction since the 2011 quake-tsunami.
The rise was seen as crucial to chopping a mammoth public debt but economists warned it could derail a budding recovery in an economy beset by years of deflation.
The 1.8 percent dip in gross domestic product -- or a 7.1 percent contraction at an annualised rate -- gave the clearest picture yet of the tax hike's impact, and threw into question Tokyo's plans for another rise next year.
Millions of shoppers made a last-minute dash to stores before prices went up on April 1, which was followed by a slump in spending.

 

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 strikes lessoptimistic tone on economy Arab Today, arab today bank of japan strikes lessoptimistic tone on economy

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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