Bank of Japan hints at possible rates move in October

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

South Africa Headlines News

Bank of Japan holds rates and warns of increasing downside risks for the global economy

Tokyo – The Bank of Japan on Thursday warned of increasing downside risks for the global economy but held off on further easing, even as European and US peers loosen their credit grip.

But it warned of headwinds including the prolonged trade war between the US and China, and Britain possibly leaving the European Union without a divorce deal.“Given that, recently, slowdowns in overseas economies have continued to be observed and their downside risks seem to be increasing, the Bank judges that it is becoming necessary to pay closer attention to the possibility that the momentum towards achieving the price stability target will be lost,” it said in a post-meeting statement.

Those figures are far short of the 2% the BoJ has set as its target — a figure seen as key to fueling the world’s third-largest economy. A further cut in its already negative interest rate is “bound to have a detrimental impact on financial institutions and the financial system”, Oshikubo said in a note released before the policy decision.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: SA Reserve Bank keeps interest rates unchanged | IOL Business ReportSouth African Reserve Bank (SARB) Governor Lesetja Kganyago announced that SARB would be keeping interest rates unchanged.
Source: IOL - 🏆 46. / 51 Read more »

Land of the rising scrum Japan prepares to host a party for the agesRugby’s quadrennial jamboree kicks off here on Friday with the hosts expected to put on a show for the ages. Well done to that headline writer
Source: TimesLIVE - 🏆 28. / 59 Read more »

Japan ready for Rugby World Cup despite some bumps along the wayBut even if Japan hasn’t become a rugby-playing - or participation - powerhouse, the most important outcome as far as World Rugby is concerned, guaranteed income, appears to be on track.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Japan vs Russia – Match preview with World Sports BettingSPONSORED: As the betting suggests, we’re looking at a match that will be dominated by the home side.
Source: eNCA - 🏆 49. / 51 Read more »

A passion for rugby is not the only things that unites Japan & SARWC2019 Ties between Japan and SA have a rich and varied history, including the recent influx of SA players that is reconfiguring the face of Japanese rugby, writes Sean O'Toole.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH | Rugby World Cup declared open in JapanJapan's Prince Akishino declared the Rugby World Cup open on Friday, the first time the global showcase has been held in Asia as the game seeks to tap into new horizons.
Source: SowetanLIVE - 🏆 13. / 63 Read more »