Tokyo (AP) - the governor, the bank of Japan said it will adhere to the looser monetary conditions, because it tried to pull the country out of deflation downturn.
Tuesday in review the branch manager, the central bank, the bank of Japan governor BaiChuan FangMing (Masaaki Shirakawa) governor pointed out that the European debt crisis risk, and will continue to work with the China's tension between the territorial disputes, is to keep the investment of the Japanese manufacturers and other business.
Japan's currency, the yen against the dollar and the euro slipped in slide began in the expected LDP Shinzo Abe (Shinzo Abe), head, will become prime minister. Shinzo Abe has several months to lobby the central bank positive action to meet about 2% of the inflation target, although the bank on the surface of the independent status.
So far, the prices remain stable, BaiChuan said, this indicates that lack of progress from deflation.
In the last Friday announced 20 trillion yen ($22.5 billion) of the economic stimulus plan, shinzo Abe central bank reiterated his request to do more to stimulate economic growth.
"The bank of Japan admitted the economy to overcome deflation, resumed as soon as possible the way of sustainable growth and price stability is very important," BaiChuan said, according to his remarks in the central bank web site copy.
The yen fell to 2011, the lowest level since April to relieve the manufacturer's competitiveness and profitability are appeared, part of the reason is the pressure on the appreciation of the currency for a long time. However, many enterprises have expressed concern about the yen could fall too far, uncertainties, improve on imported fuel and other commodities cost.
On Tuesday at noon, the yen trading at $89.07, the day before falling down 0.5%. Most of the time in the past year, the yen against the dollar fell below 80. This is in every euro 118.82 yen, 0.8% year-on-year drop.



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