BOJ
Bank of Japan
Read more: Bank of Japan's dovish stance by saying it is important to presist...
Band of Japan’s Mizuno was on the wires this morning highlighting that the global recovery remains fragile and may be unsustainable without the help of governments and central banks. He cautioned that Japan’s exports recovery may slow from the autumn. The tone of his address suggests that Japan’s accommodative policy will remain in place for some time, though Mizuno admitted that they could not go on indefinitely. Nevertheless, activity remained at an extremely low level and the country’s potential growth rate may be below 1%.
"Japan could be on the verge of long-term economic adjustments and the downside risks to the economy are increasing further''
The world's second-largest economy expanded at a 0.1 percent annual rate third quarter, according to the median estimate of 26 economists, after it shrank 3 percent in the previous three months. The Cabinet Office will publish the GDP data on Nov. 17.
Seiji Nakamura said "The Yen has strengthened, especially against the Euro, and that's leading to deterioration in profits of exporters,''
Monetary Policy Focus
Currency Converter
Central Banks Interest Rates
| US | 0.25% |
| UK | 0.5% |
| EMU / EURO | 1% |
| Japan | 0.1% |
| Switzerland | 0.25% |
| Canada | 0.25% |
| Australia | 3% |
| New Zealand | 2.5% |
| Sweden | 0.25% |
MyForexTime Twitter Updates
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