The Bank of Japan (BoJ) left, Thursday, April 7, its zero interest rate policy and adopted new monetary measures to counter the negative effects of the earthquake and the nuclear accident which has devastated the country and threaten its strong economic health . The BoJ has recognized that the dynamism of the Japanese economy is badly affected the supply side and demand, due to the effects of the disaster of 11 March and the nuclear accident that block the activity Business buyers and morale.
The Japanese economy was already weak before the quake, prompting the bank to keep for months its key rate from day to day in the range from 0.0% to 0.1%. Its monetary policy committee voted unanimously Thursday to keep that rate, which, in effect, is zero. It has also mobilized resources to buy other assets, including some considered risky, and implemented in any set of unconventional measures to facilitate the movement of money, the granting of loans and investment, aiming in particular support recovery and counter deflation due to oversupply face insufficient demand.
Since the disaster of 11 March, the BOJ has injected urgency as thousands of billions of yen (tens of billions of euros) into the interbank system, so that local financial institutions are short of money. She decided on Thursday to offer them an extra feature which the details will be decided and announced later.
"The bank has found it necessary during the meeting today to introduce a system of providing funds to enable financial institutions to disaster areas to receive money in the long term to support their initial efforts to address the request means for reconstruction, "explained the central bank in a statement.
Many businesses have been affected beyond the affected regions, because of the destruction of factories, stopping the production of critical components and materials, transport disrupted, the disruption of logistics channels or cuts of electricity. 
The Japanese economy was already weak before the quake, prompting the bank to keep for months its key rate from day to day in the range from 0.0% to 0.1%. Its monetary policy committee voted unanimously Thursday to keep that rate, which, in effect, is zero. It has also mobilized resources to buy other assets, including some considered risky, and implemented in any set of unconventional measures to facilitate the movement of money, the granting of loans and investment, aiming in particular support recovery and counter deflation due to oversupply face insufficient demand.
Since the disaster of 11 March, the BOJ has injected urgency as thousands of billions of yen (tens of billions of euros) into the interbank system, so that local financial institutions are short of money. She decided on Thursday to offer them an extra feature which the details will be decided and announced later.
"The bank has found it necessary during the meeting today to introduce a system of providing funds to enable financial institutions to disaster areas to receive money in the long term to support their initial efforts to address the request means for reconstruction, "explained the central bank in a statement.
Many businesses have been affected beyond the affected regions, because of the destruction of factories, stopping the production of critical components and materials, transport disrupted, the disruption of logistics channels or cuts of electricity.
- First Japanese radioactive particles reach U.S. West Coast but UN officials claim they're a 'billion times' beneath danger levels (18/03/2011)
- Super Lune, nucléaire et résolution (19/03/2011)
- Tsunami VIDEO in Japan: FIRST FULL IMAGES EMERGE FROM Miyagi Prefecture (宮城) in the city of Kesennuma (気仙沼市) show the first wave destroy an entire city of 80,000 residents (17/03/2011)
- Rolling Blackouts - Mitaka, Japan (18/03/2011)
- Japan aftermath Tainted water making way to ocean (30/03/2011)
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