Japan’s government announced that it will commit 7.2 trillion yen (US$81 billion) to direct stimulus spending as fears grow that Japan’s economy could return to deflation. An appreciating yen and continued weak demand for Japan’s exports in its largest markets in the US and Europe are expected to continue to batter Japan’s exports well into 2010.
[mserve id=”Central_Bank_BOJ.jpeg” align=”left” width=”400″ caption=”Bank of Japan” alt=”Central Bank of Japan BOJ” title=”Bank of Japan”]
“We must present an economic package promptly in order to make the economic recovery solid in the face of the current severe economic and employment situation, the yen’s rise and deflation,” the government said.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012