Report: Bank of Japan Considering Additional Easing Steps

Thursday, 19 Aug 2010 07:08 AM


  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The Bank of Japan has started considering additional monetary easing steps in line with government efforts to support the country's economy, the Sankei newspaper reported on Thursday.

The most likely option under consideration is expanding the BOJ's fund-supply tool put in place in December, the paper said, without citing sources.

The central bank may either expand the size of the fund supply to 30 trillion yen ($352 billion) from the current 20 trillion yen, or extend the duration of cheap, fixed-rate loans to banks to six months from the present three months, the paper said.

Speculation has heightened that the BOJ may ease monetary policy further ahead of an expected meeting between Prime Minister Naoto Kan and BOJ Governor Masaaki Shirakawa next week.

The paper did not clarify whether the BOJ may ease policy at an emergency policy meeting or wait until the next regular rate review on September 6-7.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

RPT-Hedge Funds Raise Bullish Commodity Bets First Time in 5 Weeks

Sunday, 17 Mar 2013 17:13 PM

 . . .

Studies: Wind Potentially Could Power the World

Monday, 10 Sep 2012 15:51 PM

 . . .

Solar Storm Barreling toward Earth This Weekend

Friday, 13 Jul 2012 12:51 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved