BOJ: Two Years of Deflation Ahead
CNBC: BOJ to Buy Bonds, Sees Deflation as Exports Slide
The Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze and warned the country faced two years of deflation, as the global crisis sends exports plunging...
It saw consumer prices falling 1.1 percent in the year to March 2010 and a 0.4 percent fall the following year, along with two years of economic contraction up till early 2010.
The central bank said it saw the economy turning up by early next year but warned uncertainty was high and analysts said this was pretty optimistic...
The Bank of Japan said it would buy corporate bonds to ease an increasingly severe funding squeeze and warned the country faced two years of deflation, as the global crisis sends exports plunging...
It saw consumer prices falling 1.1 percent in the year to March 2010 and a 0.4 percent fall the following year, along with two years of economic contraction up till early 2010.
The central bank said it saw the economy turning up by early next year but warned uncertainty was high and analysts said this was pretty optimistic...