Bank of Japan

Japanese bank official issues warning

TOKYO, Nov. 13 (UPI) -- A member of Bank of Japan's policy board Thursday warned Japan's sluggish economy could deteriorate further because of the global financial crisis. Seiji Nakamura, speaking to business leaders in...

Japan revised Sept industrial output +1.1 pct m/m

TOKYO, Nov 13 (Reuters) - Japan's industrial production rose 1.1 percent in September from a month earlier on a seasonally adjusted basis, revised government data showed on Thursday. That compared with the preliminary reading...

Business › Oct wholesale prices up 4.8%

Thursday 13th November, 10:05 AM JST TOKYO — Japan’s October wholesale prices rose a weaker-than-expected 4.8% from a year earlier, but marked the biggest fall in more than 40 years on a monthly basis amid sharp falls in crude...

Pakistan increases benchmark rate

Pakistan's central bank increased its benchmark interest rate by 2 percentage points, the most in more than a decade, as the government seeks a loan from the International Monetary Fund (IMF) to avoid defaulting on its debt.

BOJ Yamaguchi to appear in parliament 0500-0625

TOKYO, Nov 13 (Reuters) - Bank of Japan Deputy Governor Hirohide Yamaguchi will appear before a parliamentary committee on Thursday from 2:00 p.m. to 3:25 p.m. (0500-0625 GMT), a parliamentary official said. Kenzo Yamamoto, an...

British Pound to Rise Against Japanese Yen Before Down Trend Resumes (Forex Hedging Strategy)

Since early October the Bank of England has shown little shyness in its pursuit to ease liquidity concerns; it has cut its benchmark interest rate by 200bp over the course of the four weeks ending November 6. In its Quarterly...

German Economy to Shrink in the Third Quarter, Confirm Recession (Euro Open)

Written by Ilya Spivak, Currency Analyst Germany’s Gross Domestic Product headlines the economic calendar in European hours, with expectations calling for the second consecutive quarter of negative growth to confirm the Euro...

Risks weigh on money market spreads

SINGAPORE -- Market disappointment with the US Treasury's proposed shift in the use of its bailout funds spilled over into Asian money markets on Thursday, freezing spreads and heightening uncertainty across assets.

Yen Eases From Near 3-week High Against Pound

The Japanese yen that surged to near a 3-week high against the pound at 5:50 pm ET Wednesday reversed direction thereafter. At the same time, the yen also eased from new multi-day highs against the euro and the franc....

Japan Monetary Conditions Less Accommodative Now

MATSUYAMA, Japan -(Dow Jones)- Bank of Japan policy board member Seiji Nakamura suggested on Thursday that monetary conditions have become less accommodative in Japan due to the recent market crisis. "There have been changes in...