The Bank of Japan meets with no prospect of change in monetary policy
The Bank of Japan (BOJ) started today his two-day monthly meeting to discuss monetary policy and the results of its latest “Tankan” economic situation, no new measures are expected flexibility.
It is expected that the monetary policy board BOJ also examine the impact of the expansion of the asset purchase program decided in February, when he made an extension for 10 trillion yen (about 94,000 million euros) to inject liquidity into the market.
This time do not expect more easing measures, although some political sectors have urged the Japanese issuer to act more decisively to promote growth of the third world economy.
Nor is there any planned changes in interest rates, which remain in the very low level of between 0 and 0.1 percent since December 2008, when lowered from 0.3 percent to tackle the economic crisis.
The meeting that began today will review the results of the latest quarterly “Tankan”, released earlier this month and showed that business sentiment remains negative Nippon, as in the preceding three months, but improvement is expected in the next quarter.
The evolution of prices will also be analyzed by the BOJ, which in February set at 1 per cent inflation target in the short term a reflection of their commitment to combat persistent deflation grips the economy Nippon.
The BOJ meeting takes place after that last Friday the state governor, Masaaki Shirakawa, met with Koizumi, Yoshihiko Noda, to exchange views on the policies needed to encourage the country’s recovery after the earthquake and tsunami March 2011 and reduce deflation.
Category: Money
