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Europe is concerned about 'brutal' currency movements, said European Central Bank (ECB) chief Jean-Claude Trichet, but a meeting of the world's top central bankers here did not discuss the US dollar's rapid slide as a risk to global economic recovery.
Lending by Japanese banks fell 5.1 percent in December from a year earlier marking six straight years of on-year monthly declines as financial institutions remain reluctant to make new loans, the Bank of Japan said Tuesday.
Japanese consumer prices rose for the first time in 51/2 years in October and industrial production went up for a second month, bolstering optimism that a recovery in the country's deflation-plagued economy is taking root.
B>TOKYO:/BJapanese Prime Minister Junichiro Koizumi yesterday called a Nov 9 general election that will test whether the popular leader can win a big victory for the conservative ruling party and a new mandate for his reforms.
For the first time in three years, Japanese firms feeling better about business conditions outnumbered those that were gloomy in September, a Bank of Japan (BoJ) survey showed yesterday, but the meteoric rise of the yen could erode much of that confidence in the months ahead.
Monetary policymakers would consider taking unlimited risks'' to reverse deflation - the downward trend in prices that has hobbled the world's second largest economy, Japan's central bank chief said Wednesday.