The Bank of Japan does not need to ramp up monetary stimulus for now as a moderate recovery is expected later in the year but should be ready to loosen policy further if external pressure on the economy intensifies, board member Yukitoshi Funo said on Wednesday.
A month after sending an aircraft carrier to the Middle East in reaction to intelligence the US claims it had showing Iran was preparing to attack US troops, military tensions appear to be easing, according to several US officials.
Economic initiatives undertaken by the Japanese government and aggressive easing policies from the country’s central bank have injected new growth momentum into the economy. According to a senior banking executive, however, that’s come with some negative consequences.
China’s central bank extended ¥267.4 billion ($39.8 billion) to some commercial banks on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller business with a steady stream of affordable financing.
China will not resort to ‘flood-like’ stimulus in monetary policy next year, although it will consider more cuts as needed to reserves held at commercial banks, local media quoted a central bank adviser as saying in a report on Tuesday.
For many families, the daily routine established during the previous school year was likely interrupted by beach trips, summer camp and other travels. With the start of a new school year right around the corner, daily routines are about to change once again.