BOJ holds its overnight call rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
The Bank of Japan left its key interest rate unchanged between zero and 0.1% and monthly bond-buying at 1.8 trillion Yen. A fund that broadens credit to banks was kept at 25 trillion Yen. The bank revised down its evaluation of the economy for the second straight month, saying "economic activity is leveling off more or less".

Junko Nishioka, a former central bank official, forecasts an expansion of the bond-purchase fund by 10 trillion Yen on Oct. 30, when BOJ may downgrade its 0.7% inflation estimate for the economic year starting in April.
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Fri, 05 Oct 2012 08:08:35 GMT

BOJ keeps its asset-purchase programme unchanged

The Bank of Japan decided to refrain from more stimulus and remain its asset-purchase programme at 55 trillion Yen ($702 billion). This was largely expected by economists. Focus now turns to the meeting on October 30 as Credit Agricole and Morgan Stanley expect two consecutive quarters of contraction through the end of the year. "I see a very high chance for easing at the next meeting,"

Fri, 05 Oct 2012 10:18:50 GMT

Aussie will rebound by the year end

The Australian Dollar will rebound by the end of the year amid demand for the world's highest-yielding assets even if the RBA lowers interest rate to a record, the currency's forecasters said. The Aussie will reach $1.05 by December 31 from $1.0268, according to Credit Agricole CIB. The median prediction from analysts is for $1.02. 

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