-- Bank of Japan
to release monthly report on economic and financial developments for October.
In February 1999, the Bank of Japan
undertook its zero-interest-rate policy to combat recession and deflation.
Inflation targeting works because the Bank of Japan
promise will change expectations.
Until recently, the ministry ran the Bank of Japan
too (and many believe it still will, though more indirectly, under a revised law).
Recent yen-selling spree was triggered by comments by Japan's incoming Prime Minister Shinzo Abe pressuring the central bank to aggressively ease its monetary policies, such as his recent remark that his government will consider revising the Bank of Japan
The central bank of Japan
has announced a cut in its growth forecast.
Summary: Not surprisingly, the Bank of Japan
left its policy rate at 0.10% by unanimous vote.The statement accompanying the release made it a clear point that Eoe1/4EoJapanEoe1/4aos...
Rather, it is an inadvertent and inevitable result of a series of snowballing factors that can be traced back to the Bank of Japan
's post-bubble monetary easing.
In response to the favorable price pattern, the Bank of Japan
announced, on March 9, 2006, that it was ending its quantitative easing policy.
In the Bank of Japan
's quarterly Tankan survey, a majority of the country's manufacturing titans declared their most positive view of the business environment since 1997, giving the market a glimmer of hope that the likes of Toyota, Matsushita and Hitachi may finally be hardening their defenses against a persistently strong yen.
-- Bank of Japan
Policy Board to begin a two-day meeting.
Institutions recognized for their continuing partnerships with NHS' Housing Development Fund Corporation and Community Development Corporations, were Astoria Federal Savings, Bank Audi, The Bank of New York, European American Bank, fleet Bank N.A., Greenpoint Bank, The Industrial Bank of Japan
, Ltd., North Fork Bank, Allstate Insurance Company and State Farm Insurance Companies.