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TOKYO: The Bank of Japan (BoJ) is ready to extend beyond March a range of steps aimed at easing corporate funding strains, its deputy governor said, suggesting a decision could come as early as this month as a resurgence of Covid-19 infections cloud the outlook.
Japan sails into uncharted territory by subsidising regional banks
TOKYO: The Bank of Japan (BoJ) is now even more unlikely to lower its negative interest rate following a move to cushion its impact on regional banks, according to a former BoJ official.
JUST eight months after they swung into action to avert a crippling depression and credit crunch, central banks are in the uncomfortable position of relying on governments to power fragile economic rebounds.
TOKYO: Business sentiment of Japanese manufacturers and service-sector firms was the least pessimistic in nine months in November, likely as the world's third-largest economy showed signs of pulling out of a coronavirus-induced recession, a Reuters poll showed on Monday.
TOKYO: Japan's household spending slumped 10.2% in September from a year earlier, government data showed on Friday, a sign sluggish domestic demand will continue to drag on any recovery for the world's third-largest economy.
TOKYO (AFP): The Bank of Japan on Thursday (Oct 29) lowered its economic growth and inflation forecasts for this fiscal year but while its massive monetary easing policy was left untouched its governor said officials were ready to unveil fresh support measures if needed.
MANILA (Philippine Daily Inquirer/ANN): Ombudsman Samuel Martires suspended for six months without pay eight senior officials of Philippine Health Insurance Corp (PhilHealth) who are facing administrative and criminal complaints in connection with the alleged irregular release of P2.7 billion (US$56,000) from the insurer’s interim reimbursement mechanism (IRM)
BEIJING/SEOUL (Reuters): Asia is starting to see signs of economic recovery as it rides on the back of an upturn in China, which is entering a new expansion phase less than a year after it recorded the world's first cases of Covid-19.