At the end of the April meeting, the Bank of Japan announced its intention to keep the rate “extremely low” at least until spring of 2020. The bank first indicated the date until which this level would be maintained. The Japanese regulator left unchanged all key parameters of its monetary policy. It came to this decision because of the uncertainty regarding economic activity and prices, and also taking into account the consequences of the expected increase in the consumption tax. The Central Bank expects in the fiscal year, which will end in March 2022, acceleration of consumer price growth, excluding fresh food, to 1.6%, while its inflation target is 2%. The forecast of the Bank of Japan for the fiscal year ending in March 2022 implies a 1.2% GDP growth in Japan.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...