InfoAnda - Bank of Japan announces fresh crisis measures

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US-TECH Summary | 31 August 2009
Kristen Stewart, Rupert Sanders apologize for affair | | 26 July 2012
Amazon trounces Street targets, shares jump | | 27 April 2012

Nobel head: Liu's prize based on "universal values" | 10 December 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Bank of Japan announces fresh crisis measures

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Bank of Japan announces fresh crisis measures AFP - Wednesday, March 18 TOKYO (AFP) - - Japan's central bank said Tuesday that it would lend up to 10 billion dollars to commercial banks in the latest effort to tackle a deepening recession in Asia's biggest economy. ADVERTISEMENT The Bank of Japan said it would offer subordinated loans, covering risky debt, of up to one trillion yen to encourage the banks to keep lending during the credit crunch. The extraordinary measure is the latest in a series of steps by the Bank of Japan to fight what is feared to be Japan's worst economic downturn since World War II. Bank of Japan governor Masaaki Shirakawa said that Japanese banks may become more reluctant to lend because of the gloomy economic outlook and the falling stock market, which has hit their investments. If banks' finances worsen, it could affect the overall economy, he warned. The announcement came during a two-day monetary policy meeting through to Wednesday at which the bank is expected to leave interest rates unchanged at 0.1 percent for a third straight month. The bank has trimmed official borrowing costs twice since October. With almost no room left to reduce its key lending rate any further, it is seeking alternative tools to spur lending. Last month the BoJ announced plans to buy up to one trillion yen of corporate bonds from commercial banks to ease a credit crunch. That followed a decision to buy one trillion yen worth of shares held by commercial banks and to spend up to three trillion yen to buy commercial paper, a type of short-term corporate debt. Japan's economy logged its worst performance in almost 35 years in the last quarter of 2008, contracting at an annualised pace of 12.1 percent. Many analysts expect the recession to be the worst in the post-war era. Some analysts questioned whether the BoJ's latest dose of financial medicine goes far enough. "As a way to strengthen banks' capital, it is a good decision, but I wonder (if) one trillion yen would be enough," Dai-ichi Life Research Institute chief economist Hideo Kumano told Dow Jones Newswires. Japan's banks have been less affected by the global credit crunch than many of their US and European peers, but they have lost money because of the plunging stock market and are becoming more reluctant to lend money. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Obama defends tackling many problems at same timeAP - 1 hour 16 minutes ago More business travellers flying economy-airlines bodyReuters - 1 hour 44 minutes ago TOPWRAP 5-U.S. housing market offers hope on economyReuters - 2 hours 14 minutes ago German official meets with GM execsAP - 2 hours 30 minutes ago Related Articles: Business Obama defends tackling many problems at same timeAP - 1 hour 16 minutes ago Iraq sees big wheat buy, no new US rice-officialReuters - 1 hour 34 minutes ago Bank of Japan mulls lending $10B to banksAP - 1 hour 40 minutes ago New-home construction logs unexpected gainAP - 1 hour 43 minutes ago More business travellers flying economy-airlines bodyReuters - 1 hour 44 minutes ago Enlarge Photo Bank of Japan announces fresh crisis measures Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Arrest warrant issued for Lindsay Lohan For sale: nagging wife, very high maintenance Twin boys for Charlie Sheen and wife World Bank warns of "very dangerous" year ahead OPEC chief demands rich nations act on crisis View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Tuesday, 17 March 2009
U.S. forces shot down Iranian drone over Iraq | International |
Differences remain in talks over Israeli soldier | International |
Merkel says EU must consolidate before growing | International |
Life in North Korea dire and desperate, U.N. forum told | International |
U.N. aid workers freed after kidnap in Somalia | International |
Kuwait ruler accepts cabinet resignation in new crisis | International |
Hearst prints final Seattle PI as newspapers dwindle | Technology |
E-prescribing to soar with new spending | Technology |
Phone firms seek low bar for broadband grants | Technology |
Cisco to sell servers aimed at data centers | Technology |
Obama to appear on the Tonight Show | Entertainment |
Elvis memorabilia offered in online auction | Entertainment |
Bands often scalp tickets: Nine Inch Nails' Reznor | Entertainment |
Egypt author wins Arab fiction prize for Beelzebub | Entertainment |
Madagascar's president isolated but defiant | International |
US military shoots down Iranian drone
No deal reached in Israel-Hamas prisoner talks
Reformist Khatami quits Iran presidential race
Britain's Brown says should have curbed markets
Israel says Hamas hardens stance in soldier release talks
Chrysler insists it will avoid bankruptcy
Khatami pulls out of Iran's presidential race
OPEC chief demands rich nations act on crisis
US military says Iraqi girl killed in US shooting
In power, El Salvador ex-rebels seek U.S. ties | International |
US intervenes to boost small business loans
Sudan wants foreign groups to stop distributing aid
Iran's Khatami says out of presidential race | International |
Turkey disregards minority rights in schools
Shooting inside Madagascar presidency: AFP
North Korean premier lauds China as regional anchor | International |
Iraqis most upbeat since 2003: poll
US industrial output falls to 2002 low
Best view in Rio? Pushing limits of slum tourism | International |
Iraqi fan kills soccer player in close game
Riot police quell protest as water forum opens
Modernization poses new challenges for Tibetans | International |
More flee as Sri Lanka rebels mount suicide attack | International |
INSIDE WASHINGTON: Rivalry stymies wind-power goal
8 Dems oppose quick debate on global warming bill
EU 'fact-finding' mission on Guantanamo inmates
U.S. raises new anti-terrorism approach with EU
Red Cross report renews call for probe of Bush era
Intel says AMD breached patent licensing pact
US military deaths in Iraq war at 4,259
www@20: How the techies tamed the cyber zoo
Mexico retaliates with tariffs on 90 US products
Apple Mac U.S. units down 16 pct in February: NPD
Cisco to go head-to-head with HP, IBM
Peace Corps pulls out of Madagascar due to unrest
US says it shot down Iran drone north of Baghdad
Hearst prints final Seattle PI as newspapers dwindle
Thousands of Tamils decry Sri Lankan 'genocide'
Cisco to sell servers aimed at data centers
Baptized by Fire: Men of Killer Blue face future
Russian woman held for eating friend: report
Potty-mouthed video game grabs profanity record
Vatican website to be available in Chinese
Zombies, stories and wordplay win SXSW Web awards
Phone firms seek low bar for broadband grants
NGO expelled from Darfur considered ICC cooperation | International |
Malaysian lawmaker charged with sedition
Obama faces shoot-down dilemma with NKorea launch
NKorea premier visits China amid missile tensions
9th Australian soldier dies in Afghanistan
NATO soldier dies after attack in Afghan south
China labor activist free after 7 years jail
Hearst prints final Seattle PI | Technology |
Philippine unemployment rises: govt
"Traveler's Wife" to embark this summer
Elvis memorabilia offered in online auction | Technology |
Bomb lobbed at police station in China's west
Japanese fashion robot to hit Tokyo catwalks | Technology |
NKorean premier arrives in China amid tensions
Intel says AMD breached patent licensing pact | Technology |
No Japan-China summit this month: officials
Shanghai probes waterlogged beef food scare
Apple Mac U.S. units down 16 pct in February: NPD | Technology |
Disney cuts 30 jobs in HK as park expansion stalls
S.Korea says raised US swap extension during G20
Rudd, Segel bring perfect chemistry to bromance
Taiwan dollar scales 1-week high on econ optimism
White House: Obama to appear on Leno's show
South Korean bonds rise on extra budget plan
Steve-O skips `Dancing' because of back injury
Seoul shares up;stronger won lifts banks, airlines
Tween "Dora" won't be a bad girl, say guardians
S.Korean department stores enjoy brisk sales on won drop
DJ AM seeks $20 million for plane crash damages
Connick set to receive honorary Tulane degree
'Good Negro' examines '60s civil rights movement
"The Greatest" inks distribution deal with Senator
Indonesia wants solution for Myanmar boat people
Review: Rudd, Segel elevate `I Love You, Man'
'Witch Mountain' casts box office spell
Family Guy wins court battle over song | Entertainment |
Tween Dora won't be a bad girl, say guardians | Entertainment |
Heath Ledger's music videos come to light | Entertainment |
Rudd, Segel bring perfect chemistry to bromance | Entertainment |
Andy Samberg to host MTV movie awards | Entertainment |
Sopranos creator Chase reveals Dreams for HBO | Entertainment |
Traveler's Wife to embark this summer | Entertainment |
The Greatest inks distribution deal with Senator | Entertainment |
Pope begins Africa tour | International |
Hamas says hopes Israel will resume talks on soldier
Israel could use ballistic missiles against Iran: report | International |
Iran's Khatami says out of presidential race
American U.N. official kidnapped in Pakistan said sick | International |
Iraq urges execution of Saddam-era officials | International |
EU faces protests despite recovery signs
Hamas says hopes Israel will resume talks on soldier | International |
Curb climate change to save polar bear: Norway
Darfur peacekeeper killed in ambush: force spokesman | International |
Pope takes off on first trip to Africa
North Korea slows disablement pace further: report | International |
Isolated Madagascar president faces end of reign
More flee as Sri Lanka rebels mount suicide attack | International |
Miniature carnivore dinosaurs roamed North America
Pakistan to restore democracy in key province: PM | International |
UV light can zap TB in hospitals: study
Curb climate change to save polar bear: Norway
Dell unveils world's thinnest laptop | Technology |
Nokia to cut 1,700 jobs in sinking phone market | Technology |
India leaders blog, text to plug in to young voters | Technology |
US-TECH Summary
Cybersquatting cases hit record in 2008
Cybersquatting cases hit record in 2008 | Technology |
Dell unveils world's thinnest laptop
India leaders blog, text to plug in to young voters
Money management sites promise financial salvation
Japanese fashion robot to hit Tokyo catwalks
US-TECH Summary
Dell unveils world's thinnest laptop
Amy Winehouse denies assault charge | Entertainment |
Natasha Richardson critically injured | Entertainment |
India: Nehru relative to face hate crime charges
China voices concern as tensions flare in Koreas
12 SKoreans who survived Yemem bombing return home
Malaysia's leadership battle hit with corruption probe
China's milk victims complain of intimidation
Pakistan to restore democracy in key province
Bomb blast in Tibetan area: police
China concerned over situation on Korean peninsula
Yemen bomber posed for pics with SKoreans: report
China phone carrier expands data network to Europe
Imus in Mass. a day after his cancer announcement
Bank of Japan announces fresh crisis measures
Amy Winehouse pleads not guilty to assault
South Korea to propose $12 bln stimulus package
Natasha Richardson reportedly critically hurt in accident
Philippine unemployment rises 7.7 percent
Amy Winehouse denies assault charge
Tyra: `Top Model' auditions to resume after melee
Kyrgyz deficit to be covered by Russian aid
Screenwriter Millard Kaufman dies at 92
S.Korea to sell up to 19 trln won bonds for budget
The dark side of Cuban cigars
HK's jobless rate rises to 5 percent, 3-year high
Hong Kong moves to send plastic bags packing
Elbit's Elisra gets $25 mln South Korea contract
NKorea reopens border to SKoreans at showpiece zone
Indonesian plane badly damaged in runway mishap
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01