China Financial Daily

Japan, South Korea, the central bank full wait-and-see
No matter the state of the economy or the beginning of cautious optimism, the central bank policy decisions in the “wait and see” approach is even more apparent. Tuesday, the central bank the Bank of Japan and South Korea are to maintain the current policy remains unchanged.

Yesterday, the Japanese central bank announced that to maintain the existing inter-bank unsecured overnight call rate of 0.1% unchanged, and no further incentives announced.

Bank of Japan after the statement that the country has stopped the deterioration of economic conditions, an increase in public investment, export status and industrial output has also improved, but business fixed investment was still substantially reduced, mainly due to continued weakness in corporate profits , and the deterioration of the situation of unemployment and income led to overall weak personal consumption. At the same time, in view of oil prices is still lower than the same period last year, so in addition to fresh foods exacerbate the decline of the CPI.

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