El notes

Dec/09

21

Japanese bank left the rate of bank credit at 0.1 percent

Bank of Japan board members unanimously voted to leave rates at the same level in order to maintain a national system of credit amid the global economic crisis.

Management believes that the central bank, weak dollar against the yen and deflation complicate an objective assessment of the prospects for the Japanese economy, but at the moment it shows signs of recovery.

At the same time, Japanese bank believes that the risks are quite high, so you must continue to adhere to a soft monetary policy.

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