The economy of Japan struggled last month according to a wave of data released by the Bank of Japan. The industrial production was down 1.4% over the prior month.
Tags: Japan economy
North Korea Is Ready to Boost Bilateral Ties With Japan, Which Just Lost Its Spot as World's Third-Largest Economy
North Korea's leader Kim Jong Un's powerful sister, Kim Yo Jong, expressed openness to improve her country's relations with Japan.
Yen Hits 17-Months’ High Against US Dollar, Forecast For Further Appreciation
The Japanese yen has reached the top hitting a 17-month high on Tuesday. The appreciation takes place following advice from Japanese Prime Minister for cautious market intervention by authorities. Addition of value to yen cause downward trend in Nikkei average index on the same day leading towards a 18% drop during this year.
Bank of Japan To Stick In Negative Interest Rate Policy, Reversion Likely In April
Through a surprise move, Bank of Japan has adopted negative interest rate aiming to force the banks in investment. Meanwhile, the negative economic outlook has compelled the commercial banks to squeeze their investment portfolios while diminishing the BOJ move. Analysts have forecast for unchanged monetary policy in Tuesday’s meeting while predicting for a major change in April.
Bank of Japan expected to slash interest rates further
The Bank of Japan is anticipated to reduce its interest rates into a negative territory further at or before the bank's meeting in July. The bank is anticipated to trim its interest rate to minus 0.2% due to low domestic spending and slump in the energy market.
Latest News
Japan's Prime Minister's focus on improving the nation's day care facilities to help women population work. This, he believes, plays a pivotal role in improving the sluggish economy as well as their ageing population.
An industry observer speculated that Tokyo Electric Power Company (TEPCO) nor the state of Japan has yet to be honest about the real situation about the tank leak.
Japanese economy faced a higher deficit as overseas economies strengthens. Japan economy experienced a widening gap in its trade balance, according to a Reuters report.
1
