Tag: Bank of Japan
Bank of JapanFitch downgrades Japan’s credit rating fearful of political stalemate and snowballing debt
Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.
Uruguay successfully floats Samurai bonds; warnings of economy over-heating
Interest for Uruguayan ten-year bonds in Yens more than doubled the issue equivalent to 490 million US dollars. The bonds are guaranteed by Japan Bank for International Cooperation with a 1.6% yield.
Japan approves another stimulus package to combat deflation and strong Yen
Japan's parliament has passed a stimulus package worth about 61billion US dollars, designed to kick-start the country's fragile economic recovery. The government had already introduced several stimulus packages.
Japan will continue to intervene to keep Yen-priced exports competitive
Japan's prime minister said that authorities would keep intervening to curb the country’s currency strength as sagging manufacturing confidence underscored the threat the currency poses to the fragile economic recovery.
Japan’s economy slows down considerably in second quarter
Japan’s economy expanded at the slowest pace in three quarters. GDP rose an annualized 0.4% in the three months ended June 30 from a revised 4.4% expansion in the first quarter, the Cabinet Office said in Tokyo.
Fearing Global Impact from Greece, World Markets Close Sharply Friday
Global stock markets closed sharply Friday amid investor fears that Greece's debt crisis could halt the global economic recovery.
