The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2012 AFPBOJ boosts lending by Y2 tril; leaves rates unchanged
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2012 AFP
4 Comments
Login to comment
keika1628
Printing money is a clear sign that bonus's are being cut, salaries will remain the same as they have done for the past 20 years and a hike in Tax is on it's way . Lending out the new money will force higher interest rates on borrowers.
Government ministers must lead by example , take salary cuts and trim their excessive working expense allowance .
napoleancomplex
hey BoJ, you've left rates between 0% and 0.1% for several quarters to boost the economy. Hows that working out for you?
YuriOtani
Actually Japan is in Deflation and not inflation, less and less money is available for consumers. Thus cutting pay is making things even worse. Also the shrinking of the yen supply is making the yen become overvalued.
napoleancomplex
I think the BoJ has been trying to do some Quantatative Easing in the past few quarters.. a.k.a buying bonds and trying to increase the money supply which would in turn reduce the value of the yen relative to foreign currencies.