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Thursday April 07, 08:46
BoJ’s board opposes unchanged monetary line decision
(by Sh.Nakata)

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BoJ’s board opposes unchanged monetary line decision Bank of Japan’s board opposed the decision to keep the world’s second-biggest economy’s monetary policy unchanged. The voting appeared not unanimous as it used to be since January 2004.

Bank of Japan says the economy of Japan is on its way to recovery despite the recent signs of recession after the support from technology sector. The bank’s assessments for April are kept unchanged from March.

The interest rate is predicted to be held at a zero point in an attempt to stimulate the economy’s recovery that had been in a recession for a long time and only keeps pace due to the technology bolster.
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Read the related news and articles:
20 May 2005 08:24 AM BoJ lowers its target temporarily
28 Apr 2005 08:29 AM BoJ says deflation continues
06 Apr 2005 09:18 AM BoJ’s outlook remains optimistic despite drop in business confidence
16 Mar 2005 04:56 PM BoJ optimistic for economic growth
25 Feb 2005 04:38 PM Bank of Japan leaves liquidity target unchanged
 


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