Japan has announced the passage of the economic "bottom". For the first time in the past three years, there is talk of improving the economic situation. In the wake of cautious optimism the local central bank did not change a key interest rate, keeping it at 0.1% per annum
It's time to start forming the list of states whose economies (by the authorities) has been "bottom". One of the first, it would appear Japan. Land of the Rising Sun has announced the spread of trends.
Bank of Japan on Friday found that the economy was the lowest point and that there has been signs of improvement, he also decided to keep interest rates constant at 0.1%, reported Bloomberg. The last time the Bank of Japan reduced interest rates in December. Prior to this, in late October, Japanese Central Bank lowered the key rate for the first time in seven years - from 0.5% to 0.3%.
"The pace of deterioration in the economic situation is likely to gradually decline, leading to a leveling of the economy", - says in a statement on the outcome of the Board of Directors. Thus, the Central Bank for the first time in nearly three years, improved assessment of the economic situation.
During the past fiscal year (which ended March 31, 2009), the Japanese economy fell by 3.5% and GDP continued to decline four quarters in succession. The decline in GDP this year was up 2% in accordance with the January forecast.
Strongest not only in the reporting period, but over the past half century, the collapse was detected in the I quarter of 2009 - 15,2% in comparison with I quarter of last year. But even these figures give hope for the best. Economists had expected a more substantial reduction in GDP forecasting 16.1% and even 16.5%. Compared with the previous four quarter fall in GDP was 4%.
You just wait and trust. Economists, and now the Japanese central bank with one voice talking about the beginning of recovery. I hope there is some reason. Industrial production in Japan rose in March for the first time in 6 months - at 1.6%, which is twice higher than analysts' expectations. The Japanese economy is suffering because of the sharp drop in exports since last September, but in March the first signs of easing recession. Exports rose last month compared to February for the first time since May 2008.
Earlier, Japanese Central Bank earlier corrected their estimates of GDP growth in fingodu beginning 1 April 2010, reducing them to 1.2% from 1.5% previously forecast. To achieve the goal is a record (by their standards) program to stimulate the economy. Its volume is 15.4 trillion yen ($ 158 billion).
IFX.RU
It's time to start forming the list of states whose economies (by the authorities) has been "bottom". One of the first, it would appear Japan. Land of the Rising Sun has announced the spread of trends.
Bank of Japan on Friday found that the economy was the lowest point and that there has been signs of improvement, he also decided to keep interest rates constant at 0.1%, reported Bloomberg. The last time the Bank of Japan reduced interest rates in December. Prior to this, in late October, Japanese Central Bank lowered the key rate for the first time in seven years - from 0.5% to 0.3%.
"The pace of deterioration in the economic situation is likely to gradually decline, leading to a leveling of the economy", - says in a statement on the outcome of the Board of Directors. Thus, the Central Bank for the first time in nearly three years, improved assessment of the economic situation.
During the past fiscal year (which ended March 31, 2009), the Japanese economy fell by 3.5% and GDP continued to decline four quarters in succession. The decline in GDP this year was up 2% in accordance with the January forecast.
Strongest not only in the reporting period, but over the past half century, the collapse was detected in the I quarter of 2009 - 15,2% in comparison with I quarter of last year. But even these figures give hope for the best. Economists had expected a more substantial reduction in GDP forecasting 16.1% and even 16.5%. Compared with the previous four quarter fall in GDP was 4%.
You just wait and trust. Economists, and now the Japanese central bank with one voice talking about the beginning of recovery. I hope there is some reason. Industrial production in Japan rose in March for the first time in 6 months - at 1.6%, which is twice higher than analysts' expectations. The Japanese economy is suffering because of the sharp drop in exports since last September, but in March the first signs of easing recession. Exports rose last month compared to February for the first time since May 2008.
Earlier, Japanese Central Bank earlier corrected their estimates of GDP growth in fingodu beginning 1 April 2010, reducing them to 1.2% from 1.5% previously forecast. To achieve the goal is a record (by their standards) program to stimulate the economy. Its volume is 15.4 trillion yen ($ 158 billion).
IFX.RU
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