Japanese Central Bankâ€™s October 2011 Announced – Interest Rate Near Zero Until Price Stability Attained.
Japan is monitoring its economy carefully to understand how it will be affected by the ensuing fluctuations in the financial and forex markets and the uncertain economic developments overseas. Hard hit by deflation, the central bank of Japan announced in October 2011 that they promise to keep interest rates near zero until central banks attain price stability.
Hong Kong (PRWEB) October 19, 2011
InvestTechFX reported Bank of JapanÃ¢s October 2011 announcement to maintain the overnight call rate target at a low key interest rate of 0 to 0.1 percent with all nine members of its policy board voting unanimously. The decision to extend a special emergency loan program by another six months through April 2012 was also made at this two-day meeting amidst concerns regarding the health of the global economy. The emergency loan program will be instilled throughout financial institutions to support reconstruction efforts in disaster stricken regions The country that ranks third in the world hopes to pick up economically, and financial experts predict a moderate recovery over time. The Japanese Central Bank also questioned whether emerging high-growth economies would be able to maintain momentum during their ongoing effort to control inflation.
Capital investments and private consumption were hard hit due to the March earthquake and tsunami that devastated northeastern Japan. Still, the Bank of Japan reported that industrial production and output figures collected show recovery with exports in August rising for the first time in six months. A Central Bank report revealed a cautiously optimistic assessment of corporate Japan as sentiments were expressed saying they would be vigilant about the sovereign debt problems in Europe and the health of the United States Economy.
InvestTechFX is a proven leader in the industry of artificial intelligence software. Their advanced, customizable, intuitive, efficient, and sophisticated trading tools empower people to make the most of successful fx trading. The power and potential of their top notch trading technology systems operators in the computerized trading industry enables people to understand the trends and developments in the forex trading markets to make decisions based on accurate real-time data and sound fiscal judgment. The top operators have more than 20 years of experience in the financial markets. They offer new, exciting, and innovative solutions along with a detailed and comprehensive learning center providing forex traders the tools to maximize their gains. http://www.investtechfx.com
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/10/prweb8893490.htm