日本語
Español
中文
- New York 08:06
- London 13:06
- Barcelona 14:06
- Tokyo 22:06
- Sydney 00:06
0
0
Japan: BoJ leaves interest rates unchanged
Tue, Oct 7 2008, 09:13 GMT
by Flemming J. Nielsen
The Bank of Japan (BoJ) as expected left its leading O/N target rate unchanged at 0.5% in a unanimous decision. The statement on monetary policy was broadly unchanged compared to its September statement. BoJ believes growth will remain sluggish for the time being but will eventually recover as the impact from higher commodity prices abates and the global economy moves out of its current deceleration phase. Not surprisingly, it continues to see considerable downside risk to the economy from the current financial crisis. BoJ still believes it has to be aware of upside risk inflation due to changes in inflation expectations. It also still believes that monetary policy is very accommodative and will eventually have to be tightened if the downside risk to the economy decreases substantially. However, that is certainly not the case at the moment. Hence, the main message continues to be unchanged interest rates for the foreseeable future.
Published on Tue, Oct 7 2008, 09:14 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT
Czech: CNB stays on hold despite dovish signal from its new forecast by KBC Bank
Fri, Nov 6 2009, 11:08 GMT
Market Session Recaps - London Session by FOREX.com
Fri, Nov 6 2009, 11:03 GMT
Market Morning Briefing - Market Morning Briefing by Kshitij Consultancy Service
Fri, Nov 6 2009, 03:26 GMT
Daily Forex Strategy Briefing - Dollar Mixed as Stocks Rally by CMS Forex
Fri, Nov 6 2009, 01:18 GMT
Related content
ECB keeps its Refi Rate unchanged at 1.0%; EUR/USD holds above 1.4870
FXstreet.com | Thu, Nov 5 2009, 12:47 GMT
Czech Ctrl Bk Leaves Interest Rates Unchanged As Expected
Dow Jones | Thu, Nov 5 2009, 12:15 GMT
Bank Of England Raises Bond-Buying Program To GBP200B
Dow Jones | Thu, Nov 5 2009, 12:05 GMT
CURRENCIES: Dollar Dips Further As Fed Commits To Low Rates
Dow Jones | Wed, Nov 4 2009, 20:57 GMT
Forex: Dollar rises against the Yen after the FOMC decided to leave rates unchanged
FXstreet.com | Wed, Nov 4 2009, 19:33 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.