The Japanese economy has stabilized

Bank of Japan improved assessment of the national economy for the third month in succession, and declared that the increase in government spending has led to the emergence of signs of stabilization in industrial production and exports, reported Agency Blumbarg. In a press release distributed today TSB stressed that „economic conditions in Japan ceased to deteriorate. Director of financial institution Masaaki Sirakava said that the extension of emergency lending program to December 31 will most likely be the last. Extension of these measures was announced yesterday. According Sirakava, unnecessary prolongation of such measures may lead to distortions of the cash-credit market and reduce the profitability of short-term securities to a level too low. Director of the TSB noted that financial conditions in the country have begun to improve, and if this trend continues for emergency lending program will be extended.

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BGNES /

Finance