Thursday, December 17, 2009

Japan central bank leaves interest rate


Japan’s central bank unchanged its interest rate as it seeks to support an economic recovery.

The widely expected decision came Friday in a unanimous vote by the bank's policy board after a two-day meeting.

According to bank, nothing decreases in prices because it was critical for Japan to overcome deflation.

It said it "does not tolerate" a situation in which the country's consumer price index doesn't change or decreases on a yearly basis.

1 comments:

Anonymous said...

Very good and informative post.

Happy New Year 2010!

Greetings,
Zuzanna

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