Arab Today, arab today boj announces 62b of additional monetary easing
Last Updated : GMT 10:51:25
Arab Today, arab today
Arab Today, arab today

BoJ announces $62b of additional monetary easing

Arab Today, arab today

Arab Today, arab today BoJ announces $62b of additional monetary easing

Tokyo - Arabstoday

The Bank of Japan (BoJ) on Friday announced further monetary easing measures in its latest bid to halt the damaging spiral of deflation that has plagued the economy for years. The central bank said it would increase its asset purchase programme by 5 trillion yen ($62 billion) to about 70 trillion yen. It also said its policy board had voted unanimously to keep its key interest rate unchanged at between zero and 0.1 per cent. The BoJ also said it will expand its purchases of government bonds to those with longer maturities. “The bank decided to increase the outstanding amount of the (asset purchase) programme to about 70 trillion yen by around end-June 2013,” a statement said. The bank was already committed to boosting its asset purchase warchest to 65 trillion yen. The latest easing move is yet another salvo in Japan’s ongoing battle with the deflation that has had a stranglehold on its economy for years. Figures released on Friday showed prices rose just 0.2 per cent on year in March, almost solely due to rocketing energy prices around the world. While seemingly good news for individual consumers, falling prices are bad for the economy as a whole because they encourage shoppers to put off purchases in the hope they will pay even less for goods in the future. This cuts into corporate profits and stops firms investing in capital and employees because they are unable to see future demand. Last month, the Bank almost doubled a loan programme to 5 trillion yen amid reconstruction efforts seen as crucial to reviving the economy, which was hammered by last year’s quake-tsunami disaster and flooding in Thailand. The central bank has been forced to resort to the unconventional measure as its ability to free up money has been limited since interest rates were cut to zero to 0.1 per cent at the end of 2008 during the global financial crisis. The BoJ said it “expects that, together with the cumulative effects of earlier policy measures, today’s decision to further enhance monetary easing will better ensure the return of Japan’s economy to a sustainable growth path with price stability”.

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 boj announces 62b of additional monetary easing Arab Today, arab today boj announces 62b of additional monetary easing

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
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 Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people

GMT 11:45 2017 Wednesday ,29 March

Bahrain to host FinTech Forum2017

GMT 11:42 2017 Wednesday ,29 March

Banking sector's role praised

GMT 19:27 2017 Tuesday ,28 March

US dollar exchange rate stable in morning trading

GMT 20:39 2017 Monday ,27 March

Brexit among financial stability risks for UK

GMT 19:51 2017 Monday ,27 March

Goldman Sachs in talks for Saudi licence
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
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 Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

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