Start trading forex from zero we give you 5 usd as start

Google
 

Japan Market Rates Now Imply 6 Bps

Friday, January 11, 2008

Japan Market Rates Now Imply 6 Bps BOJ Cut In 12 Months - CS

TOKYO -(Dow Jones)- Japanese market interest rates now imply that the Bank of Japan will cut rather than raise interest rates in the next 12 months, a survey released Friday by Credit Suisse showed.

The survey showed that market rates imply an interest rate cut of six basis points in the next twelve months, compared with the previous day's reading that implied no rate move at all.

The market's shift to speculation that Japan's central bank will ease monetary policy comes as a report that Merrill Lynch (MER) is expected to suffer $15 billion in mortgage investment-related losses sparked a jump in global bond prices.

In parliamentary testimony Friday, BOJ Gov. Toshihiko Fukui said the nation's economic growth will continue slowing for the time being due to weak housing investment, but that the central bank doesn't need to change its monetary policy stance in the long run.

-By Kenneth McCallum,

Posted by MOHAMED SAID at 12:27 AM  

0 comments:

Post a Comment

Google
My site was nominated for Best Business Blog! TopOfBlogs

Free Blog Counter

blog directory Business Top Finance blogs