Minutes of the July 14-15 meeting of the Bank of Japan revealed that they will extend purchases of corporate debt and asset-backed paper by there additional months, until December 31. Despite an economic conditions which have "stopped worsening" there are still some key companies that are lacking the credit to stay afloat. "Another extension might become necessary if the bank's judgment was that the situation had not improved sufficiently," some board members added." An extension of such alternative methods of monetary easing would be welcomed in the country which has, in June, seen retail sales plummet significantly more than forecast and the unemployment rate rise more than anticipated.
0 comments:
Post a Comment