Tuesday, February 22, 2011

Bank of Japan decided to maintain the current level of interest rates unchanged

Japan Central Bank-the Bank of Japan, will be announced on the 20th day interbank offered rate unsecured overnight stay at 0.1% unchanged.

Japan's Central Bank in the monetary policy decision issued a statement after the meeting, said that although Japan domestic civil demand restoration of the lack of autonomy, but Governments policy stimulated, in particular demand in emerging countries, Japan's exports and production continued to increase in Japan's economy is improving. Therefore, Japan's Central Bank to its current economic boom of judgement from previous "is on the mend" upward "better".

About the Japan economic trend, the statement says, in 2010 fiscal year (April to March 2011) prior to the first half of Japan's economy is slowly improving possibilities is large, with enterprise performance improvement after starting benefit the family consumption, Japan economic growth will gradually improve.

Declared that Europe's balance adjustment as a result, enterprises, medium and long-term development trends and prices will be Japan economy faces major risk factors.

Since the outbreak of the financial crisis in a comprehensive, Japan in October of last year, the Bank will inter-bank offered rate unsecured overnight from 0.5% to 0.3% last December and will be lowered to 0.1% and has remained unchanged at this level.

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