Tag: Bank of Japan

• Monday, March 20th 2023 - 16:05 UTC

  Network of leading Western central banks ready to inject the necessary dollars liquidity

  

  Leading central banks of the West announced on Sunday a coordinated action to provide liquidity to the financial system through the US swap liquidity line arrangements. The statement was signed by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell and becomes effective Monday 20 March.

• Wednesday, November 14th 2018 - 07:46 UTC

  Japan's central bank owns more assets than the country's whole economy

  

  Japan's central bank has become the first among Group of Seven nations to own assets collectively worth more than the country's entire economy, following a half-decade spending spree designed to accelerate weak price growth.

• Monday, June 13th 2016 - 07:36 UTC

  Sterling drops to a two-month low as jittery investors shift to safer assets

  

  The British pound dropped to a two-month low and the yen rallied Monday as jittery investors shifted into safer assets on worries about Britain's possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings this week of the US and Japanese central banks.

• Saturday, May 10th 2014 - 00:13 UTC

  ECB ready to take action against low inflation and strong Euro, says Dragui

  

  The European Central Bank is ready to take action next month to boost the Euro zone economy if updated inflation forecasts merit it, said ECB president Mario Dragui warning outsiders not to pressure the bank into action.

• Wednesday, May 23rd 2012 - 01:44 UTC

  Fitch 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.

• Saturday, May 28th 2011 - 00:36 UTC

  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.

• Saturday, November 27th 2010 - 13:22 UTC

  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.

• Friday, September 17th 2010 - 03:43 UTC

  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.

• Monday, August 16th 2010 - 04:03 UTC

  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.

• Saturday, May 8th 2010 - 06:17 UTC

  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.