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Japan: BoJ leaves interest rates unchanged
Fri, Nov 21 2008, 10:12 GMT
by Flemming J. Nielsen
The Bank of Japan (BoJ) as expected left its leading O/N target rate unchanged at 0.3% in a unanimous decision by its board members. In its statement the BoJ said that the economy has been increasingly sluggish. In addition it stressed the increasing downside risk due to both bleak outlook for he global economy and financial conditions in general. On the other hand, the BoJ believes that upside risk on prices has decreased.
Published on Fri, Nov 21 2008, 10:13 GMT
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