American business activity speeds down in June
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
BOJ's Sakurai: meeting price objective doesn’t need excessive steps
On Wednesday, Bank of Japan board member Makoto Sakurai heavily criticized the need for extra monetary easing, telling that the major financial institution doesn’t require unnecessary steps for the purpose of accelerating the timing of its 2% inflation objective.
His comments sharply contrast with those of another board member at the BOJ's September gathering, who backed stronger measures to enable consumer prices reach the major bank's 2% objective.
Sakurai actually considers the BOJ’s current policy with yield curve control to be effective enough.
Japan’s major financial institution has had to push back the timing just to meet its price objective up to six times since it started its ambitious stimulus program in 2013.
The BOJ currently hopes consumer inflation will meet the 2% objective by March 2020. However, core consumer prices went up only 0.7% year-on-year in August.
Similar
WeeklyCryptoNews
Bitcoin is lower and lower. The cryptocurrency couldn’t stick above the resistance at $6,500 and it plunged.
Swiss trade surplus dives to 2.3 billion francs in May
In May this year, Switzerland's trade surplus accounted for 2…
Popular
Asian equities stand still as Japan outperforms
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
