Japan's central bank leaves the rate unchanged

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Source: Marketwatch

The Bank of Japan decided to leave its key interest rate unchanged, said officials after the policy meeting. Central bank policy makers voted unanimously on keeping overnight rate at 0-0.1%. Country's economy has slowed down amid global uncertainty, appreciation of Yen and Thailand flooding. BOJ claimed no changes will be implemented until prices reach at least medium term stability. 

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Wed, 21 Dec 2011 08:05:14 GMT

Japan's exports decline for a second consecutive month

Japanese exports dropped for a second month in a row and Bank of Japan again cut its economy outlook as fading demand in Asia and Europe hampers global growth. Shipments fell 4.5%, or 0.2 percentage points more than predicted by economists. Japanese producers are lowering revenue forecasts as Yen has appreciated close to post-war record high against the Greenback.

Wed, 21 Dec 2011 08:02:43 GMT

Asia markets up on global hopes

Asian stock markets experienced a sharp increase on Wednesday led by resource firms and exporters, as investors regained optimism about the global economy outlook. China's Shanghai Composite rallied 0.4%, Hong Kong's Hang Seng Index rocketed 1.6% while Japan's Nikkei Stock Average jumped 1.4%. Australia's S&P/ASX 200 index advanced 2.1% and South Korea's Kospi rallied 3.1%. 

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