BoJ officials say inflation might fall short of 2% target

Source: Bloomberg
© Scanpix/Reuters
A few BoJ board members expressed concern that the central bank might not achieve its 2% inflation target through March 2016. High uncertainty of whether increased inflation expectations will lead to a surge in actual price level is cited as the major worry. These officials expect inflation to be less than 1% while the forecast of the board is 1.9% at the end of the fiscal year, ending March 2016.
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Mon, 27 May 2013 07:44:09 GMT

Asian stocks continue to fall

Asian stocks continued to lose their value as the strengthening Yen harmed Japanese exporters and China announced that it will tolerate slower economic growth. The MSCI Asia Pacific Index decreased 1.3% today, while Japanese Topix Nikkei 225 indexes lost 3.4% and 3.2% of their value respectively. New Zealand's NZX 50 Index fell 1.1%, while Australian S&P/ASX 200 slid 0.5%.

Mon, 27 May 2013 06:42:07 GMT

China's President pledged to protect environment

Xi Jinping, the President of China, pledged to avoid environmental degradation even if it meant slower economic growth. The comment came amid rising public dissatisfaction with increasing levels of pollution in the country. The government has already approved the proposal to increase taxes on products that are harmful to the environment and also expand levies on country's natural resources.

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