BOJ Minutes
Mar 12, 9:02 AM EDT |
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| Long-term interest rates had risen since the previous meeting, continuing to follow those in the United States and Europe. |
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| Although overseas economies taken as a whole continued to expand, downside risks, particularly to the U.S. economy, had increased against the background of the continuing instability of global financial markets. Members shared the view that disruptions in global financial markets continued, reflecting downgrading of securitized products and further losses incurred by financial institutions. |
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Japan Left Rates at 0.5%
Mar 07, 9:15 AM EST |
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| The Government today proposed the name of Toshiro Muto to the Diet as its nomination to replace Toshihiko Fukui as the Bank of Japan Governor. |
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| The Bank of Japan reported on its web site today that it had unanimously kept its key rate at 0.5%, marking Toshihiko Fukui’s last policy decision as his term expires on March 19. |
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Japan’s Exports Rise in March
Mar 07, 8:41 AM EST |
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| Housing investment has remained at a low level, although there have been signs of recovery. |
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| Exports have continued to increase. Business fixed investment has also continued to trend upward, as corporate profits have remained high although they are leveling off. Private consumption has been firm in a situation where household income has continued rising moderately. Meanwhile, public investment has been sluggish. |
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