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A temporary rise in crude oil prices would not prompt a shift in monetary policy, Bank of Japan Governor Masaaki Shirakawa reportedly told lawmakers on Thursday.
That is why policymakers avoided using the term 'targeting,' which often implies an automatic response, he added.
Shirakawa reiterated that the BoJ will continue powerful monetary easing until 1 percent inflation is foreseen.
The central bank has set a near-term target of 1 percent for the annual increase in the consumer price index. The decision was taken unanimously by board members at the policy meeting held on February 13 and 14.
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France's Hollande presenred his case for Growth and joint euro bonds along with use of structural funds to shore up Greek growth but realised that there were not many takers for it at the summit of European leadersHe agreed with other leaders to urge Greece to continue walking on...
Joint euro bonds doesn't make any sense without fiscal union, however it could be a first step towrds fiscal union said ECB president Draghi "Euro bonds make sense when you have a fiscal union, otherwise they don't make sense.
Germany's Chancellor Angela Merkel took firm stance on Greece that she wants Greece to remain Euro zone provided it sticks to its commitmentQuotes "We want Greece to stay in the euro, but we insist that Greece sticks to commitments that it has agreed to,"- German Chancellor Angela ...
Euro bonds were discussed briefly at informal summit of the European leaders but it was mainly in longer term contextFrance's Hollande said that he proposed euro bonds as a next logical step in fiscal integrationThe material has been provided by Instaforex Company - instaforex.
Fed might need to ease monetary policy further if unemployment rises or inflation falls - Kocherlakota He added, "I don't see that that is a policy choice that the Congress and President wind up making." The material has been provided by Instaforex Company - instaforex.
Recent spike in US inflation in recent years suggests that Fed has limited scope to spur employment Kocherlakota reiterated his belief that it's at least possible that the erosion in the labor market may be "highly persistent" even with an extremely easy monetary policy.
Spanish govt will inject 9 bln euros to recapitalize nationalized lender Bankia - Luis de Guindos, Economy Minister This will cover capital needs of 7.
Chancellor Angela Merkel said will propose strengthens EIB, and deepening the bloc's internal market However, he expects no decisions at a summit focused on boosting growth.
EU's euro antitrust chief said EZ must gradually move towards metalized EZ debt to overcome the sovereign debt crisis Almunia also stressed the need for an EU-wide deposit guarantee scheme for banks He also said recent Spanish measures to increase provisions against real-estate assets and to e...
EU shares snaps tow day gains on worries over Greece that it might leave EZ The FTSEurofirst 300 index provisionally closed down 2.1 pct at 973.12 points The euro zone's blue-chip Euro STOXX 50 index was down by 2.7 pct. Germany's DAX was down by 2.3 pct while France's CAC-40 index fell 2.
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