Bank of Japan: to expand incentive programs will not
The Japanese central bank
at the end of the two-day meeting
He confirmed the policy of increasing the money
base 60-70 trillion yen ($ 590-690 billion) a year,
refrained from expanding stimulus
programs, according to a Central Bank report.
The Bank of Japan decision
coincided with the forecast of economists,
worsened the assessment of exports and industrial production,
from what analysts conclude that
The Central Bank refuses to hope for
speedy recovery in demand abroad
as a factor in support of the Japanese economy.
As noted in
declaration export "shows
some relaxation"Whereas in
previous months, it said about
alignment and stabilization.
At the same time, he writes
MarketWatch, domestic demand in Japan yet
not fully recovered from the effects of
April’s increase tax
consumption (VAT equivalent) by 3 percentage
points. Industrial production, according to
Bank of Japan continues to grow at a moderate
rates, but also in this sector, the Central Bank notes
some relaxation, which not
It was observed in the spring or in June and July.
At the same time Japanese
regulator raised earnings estimates
population and employment, announcing
confident improvement in both indicators.
With respect to corporate
bonds and commercial paper Bank
Japan announced that will support
their amount on the balance sheet at the level of 3.2 trillion
yen and 2.2 trillion yen respectively.
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