FOREX TradingCharts.com

Financial News: Bank Of Japan Raises Monetary Stimulus

Bank Of Japan Raises Monetary Stimulus

04/27/2020 - 03:01:00 (RTTNews)

(RTTNews) - Corrected third para

The Bank of Japan expanded its monetary stimulus for the second straight month to support economic and financial activities amid covid-19.

The policy board, on Monday, unanimously decided to increase the maximum amount of additional purchases of commercial papers and corporate bonds and raised the upper limit of outstanding holdings to about JPY 20 trillion.

The board voted 8-1 to retain the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank. The bank will purchase Japanese government bonds without setting an upper limit so that the 10-year JGB yields will remain at around zero percent.

The central bank downgraded its GDP forecast for the fiscal 2020 to -5 percent to -3 percent from the previous projection of +0.8 percent to +1.1 percent.

Likewise, the inflation outlook for fiscal 2020 was lowered to -0.7 percent to -0.3 percent from +1 percent to +1.1 percent.

The economy is expected to expand in the range of 2.8 percent to 3.9 percent next fiscal year and inflation to average zero to 0.7 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


India Economic Growth Slows Sharply On Covid-19 (22 min(s) ago)
(RTTNews) - India's economic growth slowed sharply in the three months to March, partially ref ...Full Story»

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated ( ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May (33 min(s) ago)
(RTTNews) - Chicago-area business activity unexpectedly contracted at a faster rate in the month o ...Full Story»

U.S. Personal Income Unexpectedly Spikes Due To Stimulus Checks (58 min(s) ago)
(RTTNews) - Reflecting the distribution of stimulus checks by the federal government, the Commerce ...Full Story»

Italy Q1 GDP Declines More Than Estimated; Falls Most On Record (29 min(s) ago)
(RTTNews) - Italy's economy shrank at a faster than initially estimated pace in the first quar ...Full Story»

Brazil Economy Shrinks In Q1 On Covid-19 Impact (28 min(s) ago)
(RTTNews) - Brazil's economy shrunk in the first quarter of 2020 due to the impact of the coro ...Full Story»

Greece Producer Prices Fall Sharply In April (05 min(s) ago)
(RTTNews) - Greece producer prices declined at a faster pace in April, the Hellenic Statistical Au ...Full Story»

Italy Consumer Prices Fall In May (04 min(s) ago)
(RTTNews) - Italy's consumer prices in fell in May, after stagnating in the previous month, da ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

India Economic Growth Slows Sharply On Covid-19

05/29/2020 - 12:13 PM (RTTNews)
(RTTNews) - India's economic growth slowed sharply in the three months to March, partially ref ...Full Story>>

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

05/29/2020 - 10:51 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May

05/29/2020 - 10:24 AM (RTTNews)
(RTTNews) - Chicago-area business activity unexpectedly contracted at a faster rate in the month o ...Full Story>>

U.S. Personal Income Unexpectedly Spikes Due To Stimulus Checks

05/29/2020 - 09:49 AM (RTTNews)
(RTTNews) - Reflecting the distribution of stimulus checks by the federal government, the Commerce ...Full Story>>

Italy Q1 GDP Declines More Than Estimated; Falls Most On Record

05/29/2020 - 09:20 AM (RTTNews)
(RTTNews) - Italy's economy shrank at a faster than initially estimated pace in the first quar ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.