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Bank of Japan to mull further credit easing

Japan 'diam diam' all these years huh,  they only  come out suddenly  and  'BOOM' at  everyone when everyone is facing bad time. ... scary larh.    Wait we all keena  clip nails, see saw treament after pumping water..electic shock......

Nickyng, scare or not? hahaha!

 

If only Japan government would like to take drastic and abrupt change of fiscal currency valuation adjustment measure such as 10 YEN (old notes) change to 1 Yen (new notes)... means all the currency value revaluate 10:1. I personally think all the previous economic problem will be solved in no time!

nickyng      ( Date: 05-Mar-2010 12:44) Posted:    wah! Japan govt got lots of RE$ERVE hor !?!? can still keep pumping trillions to boost it's economy?? wow.... :D   Bank of Japan to mull further credit easing Posted: 05 March 2010 1234 hrs TOKYO: Japan's central bank will likely consider more monetary easing to fight stubborn deflation as the world's second largest economy recovers from a severe recession, a newspaper reported Friday. The Bank of Japan's policy board is expected to discuss new steps to tackle deflation at a two-day meeting opening on March 16, the Nikkei economic daily said without naming its sources. With some officials cautious about adopting new measures too soon, however, any decisions are likely to carry over into next month, it said, adding that the bank would focus on ways to guide lower short-term rates for up to a year. The Bank of Japan has already slashed interest rates to just 0.1 per cent and pumped trillions of yen into the financial system to boost the economy in the face of the worst downturn in decades. But it has been criticised by Japan's government for not doing enough to ward off the threat of another deflationary spiral as seen after the country's economic bubble burst in the early 1990s. Japan plunged into a year-long recession in 2008 as its exports collapsed due to a severe global downturn. It returned to growth in the second quarter of 2009, but the recovery remains fragile with falling consumer prices, high public debt and weak domestic demand all major concerns for policymakers. Consumer prices fell 1.3 per cent in January year-on-year, the eleventh straight month of decline.

 

 

 wah! Japan govt got lots of RE$ERVE hor !?!? can still keep pumping trillions to boost it's economy?? wow.... :D


 

Bank of Japan to mull further credit easing
Posted: 05 March 2010 1234 hrs

TOKYO: Japan's central bank will likely consider more monetary easing to fight stubborn deflation as the world's second largest economy recovers from a severe recession, a newspaper reported Friday.

The Bank of Japan's policy board is expected to discuss new steps to tackle deflation at a two-day meeting opening on March 16, the Nikkei economic daily said without naming its sources.

With some officials cautious about adopting new measures too soon, however, any decisions are likely to carry over into next month, it said, adding that the bank would focus on ways to guide lower short-term rates for up to a year.

The Bank of Japan has already slashed interest rates to just 0.1 per cent and pumped trillions of yen into the financial system to boost the economy in the face of the worst downturn in decades.

But it has been criticised by Japan's government for not doing enough to ward off the threat of another deflationary spiral as seen after the country's economic bubble burst in the early 1990s.

Japan plunged into a year-long recession in 2008 as its exports collapsed due to a severe global downturn.

It returned to growth in the second quarter of 2009, but the recovery remains fragile with falling consumer prices, high public debt and weak domestic demand all major concerns for policymakers.

Consumer prices fell 1.3 per cent in January year-on-year, the eleventh straight month of decline.