Topic: Asian Economy
BOJ split vote raises doubts about future easing
Reuters US Online Report Business News
TOKYO (Reuters) - The Bank of Japan loosened monetary policy on Wednesday in a split vote that suggested the central bank would struggle in the future to meet government demands for easier monetary conditions. The government has prodded the BOJ for weeks to ease policy, a tactic analysts say is aimed ...
Bank of Japan frees up cash, keeps rate near zero
AFP Global Edition
Japan's central bank doubled the amount of cash it will make available to banks Wednesday while keeping interest rates at a record low as it tries to kickstart a stuttering economic recovery. Under government pressure to help fight deflation, the Bank of Japan said it would extend emergency steps ...
China hits back at US lawmakers on currency
AFP Global Edition
China on Tuesday dismissed calls from US lawmakers for Beijing to be labelled a currency manipulator, saying the value of the yuan was not to blame for global trade imbalances. The comments echoed those by Premier Wen Jiabao at the weekend, who said Beijing would not yield to foreign pressure ...
China tightening fears send Asian markets lower
AFP Global Edition
Speculation that China will take more steps to cool its economy hit sentiment in Asia Monday, with Shanghai and Hong Kong lower as risk-averse investors stayed on the sidelines. Trade was relatively quiet ahead of meetings this week by eurozone finance ministers and the US and Japanese central banks. Investors ...
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