BOJ to redirect money to industries with growth potential

As a long-term approach to beating deflation, the Bank of Japan is expected to announce details of a new loan scheme amidst Europe debt woes.

"Fiscal problems in Europe and growing market concerns about sovereign debt risk have prompted new Prime Minister Naoto Kan to make tackling Japan's huge public debt, which is now nearly twice the size of GDP, a top policy priority," said a Reuters report.

According to the report, "Japan's first-quarter economic growth outpaced that of the United States and Europe on strong exports to Asia, but Europe's debt problems and a subsequent rise in the yen against the euro have clouded the outlook for the export-reliant economy."

View the full story in Reuters.

Also Read

China’s Big 5 banks expected to boost lending with capital support

Philippine bank loans up 12.2% in February

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit