Japan rates on hold
Bank of Japan Governor: Toshihiko Fukui Picture: Reuters
Thursday, September 20, 2007
THE Bank of Japan kept interest rates unchanged as expected yesterday.
Although the Japanese central bank has been aching to boost Japanese interest rates from current low levels, investors see little chance of an increase for several months in light of growing economic risks at home and around the globe.
The Bank of Japan's decision was endorsed by all but one of its nine members, with Atsushi Mizuno, who had called for a rate hike in July and August, again opposing the status quo.
Reuters
Although the Japanese central bank has been aching to boost Japanese interest rates from current low levels, investors see little chance of an increase for several months in light of growing economic risks at home and around the globe.
The Bank of Japan's decision was endorsed by all but one of its nine members, with Atsushi Mizuno, who had called for a rate hike in July and August, again opposing the status quo.
Reuters
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