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Former board member of the Bank of Japan, Koji Ishida, said in an interview with Reuters that a confident growth of the Japanese economy should allow the country's Central Bank to reduce large-scale incentive measures even before the target inflation rate of 2%. Ishida said: “The Bank of Japan will not persist and maintain the current monetary policy until the 2% inflation. The Governing Council will most likely adopt a flexible policy decision even before the target price level is reached.” At the same time, Ishida expressed the opinion that the regulator “will not hurry with the alignment of the yield curve”.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
KYC Policy