Arab Today, arab today japan\s abe steps up pressure on central bank
Last Updated : GMT 16:29:09
Arab Today, arab today
Arab Today, arab today

Japan\'s Abe steps up pressure on central bank

Arab Today, arab today

Arab Today, arab today Japan\'s Abe steps up pressure on central bank

Tokyo - AFP

Japan\'s incoming premier Shinzo Abe stepped up pressure on the Bank of Japan on Sunday to set a two-per cent inflation target, threatening to change a law guaranteeing the bank\'s independence if it did not agree. Speaking on Fuji Television, Abe said the BoJ\'s central policy board must back his proposed inflation goal at its next meeting in January. \"If unfortunately it refuses to agree to it, we have to amend the BoJ law, reach an accord (between the government and the bank) and we will have the policy,\" Abe said. The law, called the Bank of Japan Act, spells out the central bank\'s duties and guarantees its independence. The act also says the bank should work with the government to make sure \"its currency and monetary control and the basic stance of the government\'s economic policy shall be mutually compatible\". Abe also said the BoJ should be held responsible for expanding employment, a point he had stressed during his recent election campaign. The hawkish leader of the conservative Liberal Democratic Party is expected to take office on Wednesday, following a landslide victory in national elections last weekend. Abe has already criticised the central bank for not doing more to stoke Japan\'s economy -- which may have slipped into a recession in the third quarter -- and has advocated \"unlimited\" easing measures, drawing a mixed response from economists. But the market has welcomed his rhetoric, boosting the Nikkei index at the Tokyo Stock Exchange in recent weeks. The central bank\'s policy board met on Thursday and expanded an existing asset-buying programme to pump money into the market, but kept interest rates unchanged at between zero and 0.1 per cent. BoJ governor Masaaki Shirakawa told a press conference on Thursday that his board would review their one-per cent inflation goal, but made no direct mention of the two-per cent inflation target.

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 japan\s abe steps up pressure on central bank Arab Today, arab today japan\s abe steps up pressure on central bank

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new 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