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BoJ Minutes: Japan Economy Continues To Strengthen
(RTTNews) - Members of the Bank of Japan's Monetary Policy Board said that the country's economy remains on an upward trend, minutes from its monetary policy meeting on April 27 and 28 revealed on Wednesday.
The country's economy is expected to fully recover from the pandemic stresses by around mid-fiscal 2023, the members added - although some uncertainties continue to cloud the outlook.
The bank also is aiming to achieve its price stability target of 2 percent.
At the meeting, the bank's Policy Board unanimously decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank. The BoJ also unanimously decided to keep its yield curve control policy unchanged.
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Japan Has Y117.550 Billion Trade Deficit In July
Japan posted a merchandise trade deficit of 117.550 billion yen in July, the Ministry of Finance said on Wednesday.
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Japan Core Machinery Orders Climb 3.0% In June
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Japan GDP Climbs 0.3% In Q2
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Japan Producer Prices Rise 0.2% In July
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Japan Overall Bank Lending Climbs 3.2% On Year
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Japan June Current Account Surplus Y1.348 Trillion
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Japan Household Spending Slumps 5.2% In June
The average of household spending in Japan was down a seasonally adjusted 5.2 percent on month in June, the Ministry of Internal Affairs and Communications aid on Friday - coming in at 316,085 yen.
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