The Central Bank has once again raised economic boom judgment

Japan Central Bank-the Bank of Japan on October 19, published in the local economy, report on the Japan National nine areas of the economy made a judgment is raised. This is the row since July last survey after second consecutive increase local economic prosperity for all.

Reported that, according to the report of the Bank totals around, present in all parts of the economy also vary, but generally a turn for the better. In exports and increase in public investment and other factors driving, Japan's production in various regions have had varying degrees of improvement, but enterprise equipment investment is also reduced significantly, and housing investment has declined, personal consumption in the employment and income situation remained severe environment in an out-of-State.

The unemployment rate remains high

Japan's Central Bank President kitashirakawa Fangming in today's Japan Bank branch Governors meeting said that from last fall after the rapid deterioration of the world economy has recently been signs of improvement in the economy, Japan has also improved. But he said to the overall economic Outlook, that corporate profits and employment conditions of temporary still will be very serious.

In addition, Japan's Central Bank on the day of publication of the September monetary policy meeting minutes showed that some members considered that Japan's Central Bank should be concerned about the trend of the economy on Japan in Japanese yen.

Baichuan Fangming, recently the domestic financial market is back on track. Although the domestic financial market has returned to normal, but national private demand will in future continue to weaken, because corporate earnings situation, household income and employment conditions are unstable. He was of the view that Japan's financial environment improvement trends are expanding, especially in commercial paper and corporate bond markets, in addition to the qualification of a lower corporate bonds, the issuing environment for good. In General, in the domestic financial market stability, economic prosperity is improving, Japan's financial system in general are relatively stable.

Kitashirakawa-party said: "the corporate financing environment and financial institutions lending will is gradually improving, but given the continuous fluctuation, earnings and income and employment situation is still unstable, and domestic private demand is likely to remain weak. ”

Japan Cabinet Office 16, published October monthly economic report also shows that although the economic situation is improving, but the lack of self-discipline, recovery and the unemployment rate remains high, so the economy is still in critical condition. The report noted that due to the Asian market, Japan's exports keep increasing; enterprise production also improved; enterprise revenue continued to decline but decline slowing down; equipment investment continued to decrease; employment situation continues to deteriorate; personal consumption recovery momentum continues. Therefore, the report finds that although enterprises on the situation of judgment remains grim, but the economy as a whole continues to improve.

With regard to future economic trends, Japan Cabinet Office's report noted that, despite the deteriorating employment situation still, but improvement in overseas economies, Japan's economy is expected to continue to maintain good posture. However, you must pay close attention to the further deterioration in the employment situation in the country and overseas economic and financial market turmoil, could lead to the Japan economic decline of the risk factors.

For employment of this persistent, Japan Government important economic policy sector — economic and financial policies Committee has decided to set up a special working group to address employment, especially of young people's employment, because of the significant increase in the number of young people unemployed will outlive their consumption and investment, thereby affecting Japan's economic recovery.

Concerned about the trend of Yen

Japan's Central Bank announced on 14 October, continue to the overnight interbank offered rate maintained at 0.1% unchanged, and that the Bank's priority policy remains the support economy, the Central Bank will patiently maintain loose monetary policy, providing the market with ample liquidity. Analysts noted that for a long time, Japan's economic situation has been relatively poor, in recent years has also been maintained at a low interest rate, so there is no need to raise interest rates in Japan, it is expected that Japan will not be earlier than the United States the interest rate.

The Central yesterday published September meeting minutes showed that some members considered that special measures for crisis positive influence is weakening. In addition there are members of that central banks should be concerned about the recent trend on Japan's economy in Japanese yen.

The minutes that are members of the worry about related policy influence on the commercial paper market is still "too powerful". "Turning to the special role of measures, some members believe that these measures may have positive effects is weakening. Some members considered that the Bank should be concerned about the recent trend of Japanese Yen Japan economic impact. ”

September baichuan Fangming had claimed that the strong yen would provide for long-term financial support. He said that in assessing the impact of the stronger yen, Japan must be considered from the overall economy. He said that he will carefully monitor the exchange rate on the economic impact of the formation of the market exchange rate should be kept in a stable manner.