Saturday, April 28, 2007
Rush to the bookies its this Summer!!
After the BoJ held Japanese interest rates at 0.5 per cent yesterday, Toshihiko Fukui suggested that the central bank would not be deterred from a new rise in interest rates by persistent weakness in price pressures so long as Japan’s growth remained in present robust form. Mr Fukui’s remarks came after official figures showing that “core” consumer prices in Japan, excluding food costs, dropped by 0.3 per cent in March compared with a year earlier.