japan\s central bank keeps monetary easing policy
Last Updated : GMT 02:09:47
Arab Today, arab today
Arab Today, arab today

Japan\'s central bank keeps monetary easing policy

Arab Today, arab today

Arab Today, arab today Japan\'s central bank keeps monetary easing policy

Tokyo - KUNA

Japan's central bank decided on Tuesday to maintain its massive monetary easing program and to expand lending programs. After a two-day policy meeting, Bank of Japan's (BOJ) Governor Haruhiko Kuroda and his eight board colleagues voted unanimously to keep its ultra-easy policy introduced in April 2013, according to a statement released by the BOJ after the meeting. "The BOJ will conduct money market operations so that the monetary base will increase at an annual pace of about JPY 60-70 trillion (USD 585-682 billion)," the central bank said "The BOJ will continue with the quantitative and qualitative monetary easing, aiming to achieve the price stability target of two percent, as long as it is necessary for maintaining that target in a stable manner," the central bank said, adding that it will examine both upside and downside risks to economic activity and prices, and make adjustments as appropriate. Last April, the BOJ launched a massive monetary easing program to end deflation that has lasted for nearly 15 years and achieve the two percent inflation target in fiscal 2015. The measures center on doubling the monetary base and purchases of government bonds in two years as well as to purchase more risky financial assets, including exchange-traded funds and real estate investment trusts. The board decided to double the maximum amount of its low interest funds to private banks that provide loans for companies to support strengthening the foundation for economic growth, to JPY 7 trillion (USD 68 billion) from JPY 3. 5 trillion (USD 34 billion). The BOJ extended the program's expiration by one year. The loan support fund, introduced in 2010, was originally scheduled to expire on March 31. The BOJ also extended another lending program to provide loans at an annual interest rate of 0.1 percent for financial institutions in areas affected by the 2011 earthquake and tsunami and the subsequent nuclear emergency. The program, set to expire in April, will be also extended by one year. The central bank unchanged its assessment of the domestic economy, saying, "Japan's economy is recovering moderately," the same phrase for the fifth straight month. A front-loaded increase in demand prior to the consumption tax hike has recently been observed, while exports have generally been picking up, the BOJ said. It also noted that business fixed investment has been picking up as corporate profits have improved. "With improvement in the employment and income situation, housing investment has continued to increase and private consumption has remained resilient." Reflecting these developments in demand both at home and abroad, industrial production has been increasing moderately, according to the BOJ. Last week, the government said Japan's economy grew at an annualized pace of 1.0 percent in the October-December period for the fifth straight quarter, but the growth was much weaker than the 1.1 percent expansion in the previous quarter due to a slump in exports. On the price front, the central bank said the year-on-year rate of change in the consumer price index is at around 1.25 percent. "Inflation expectations appear to be rising on the whole." The country's core consumer price index rose from a year earlier 1.3 percent in December for the seventh straight month of gain. With regard to the outlook, the BOJ said Japan's economy is expected to continue a moderate recovery as a trend, while it will be affected by the front-loaded increase and subsequent decline in demand prior to and after the consumption tax hike in April. It pointed out risks, saying, "Risks to the outlook include developments in the emerging and commodity-exporting economies, the prospects for the European debt problem, and the pace of recovery in the US economy."

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*

japan\s central bank keeps monetary easing policy japan\s central bank keeps monetary easing policy

 



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*

japan\s central bank keeps monetary easing policy japan\s central bank keeps monetary easing policy

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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