|
BoJ Left Rate at 0.5%, March Production Declines |
| |
Author: 123jump.com Staff
123jump.com
Last Update: 4:42 PM EDT April 30 2008
The Bank of Japan left its key rate unchanged at 0.5% as economy continues to remain sluggish. Inflationary pressures are on the rise but retail sales remain weak. Japan, in a near 11 year economic slump is now facing inflation from the outside world as commodities and food prices rise. March industrial production declined compared to February and from a year ago. Production is likely to fall further in April. Matsushita surged 14% after it forecasted 10% rise in the current year profit. |
|
|
|
|
| |
|
|
