Japan leaves rates steady
(10 August 2010 − Japan) Japan’s monetary powers have decided to retain the nation’s interest rate at 0.1 percent, as overseas growth helps support the moderate Japanese recovery.
The country’s CPI continues to fall, however the rate of decline has slowed and both exports and production have begun to improve.
The Bank of Japan has reiterated its commitment to help the nation overcome deflation, and to promote the extremely accommodative financial environment.
Last week the European Central Bank and Bank of England both also held their rates at the historically low levels of 0.5 percent and 1.0 percent respectively.
The Bank of Japan has reiterated its commitment to help the nation overcome deflation, and to promote the extremely accommodative financial environment.
Last week the European Central Bank and Bank of England both also held their rates at the historically low levels of 0.5 percent and 1.0 percent respectively.
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