country flagالعربية
0
0

Asian markets rise and Bank of Japan keeps monetary policy steady

2019-07-30 06:39 am | Resource: News | No Views : 40

ارتفاع الأسواق الآسيوية و بنك اليابان يبقي السياسة النقدية ثابتة

Asia Pacific stocks rose Tuesday ahead of a meeting between the United States and Chinese trade delegations. Meanwhile, the Bank of Japan decided to keep interest rates on short-term policy unchanged at -0.1% as it continued quantitative and qualitative easing in order to reach the target of price stability at 2%. Sony Corp is set to release its Q1 earnings soon.

The Bank of Japan maintains a fixed monetary policy

The Bank of Japan (BoJ) decided at a monetary policy meeting on Tuesday to keep short-term interest rates unchanged at -0.1%. The bank also supported its earlier decision to buy Japanese government bonds so that the yield on 10-year bonds remains at almost 0 percent and increases the amount due to them at an annual rate of about 80 trillion yen. The Bank of Japan will also continue its quantitative and qualitative easing in order to reach the target of price stability at 2%.

He reiterated that he intended to maintain low interest rates at least until the spring of 2020, but would not hesitate to take additional mitigation measures if necessary if the downside to the risks of economic activity and prices, especially with respect to developments in external economies, "He said.

The bank expects the Japanese economy to continue to expand during fiscal year 2021, with exports and domestic demand continuing to rise. Inflation is expected to rise gradually by about 2%, but the momentum towards this goal "is not yet sufficiently stable." The Bank of Japan noted that risks to economic activity "tend to be downside", especially with regard to developments in foreign economies.

Asian stocks trading
  • In mainland China, the Shanghai Composite Index rose 0.40% from the baseline level at 7:51 am CET
  • While the Shenzhen Composite Index rose 0.59% at 7:53 am CET.
  • Hong Kong's Hang Seng Index rose 0.20% at 7:52 CET.
  • The Japanese Nikkei average rose 0.30% at 7:55 am.
  • The greenback was down 0.17% against the yen, approaching 108.6040 yen later.
  • South Korea's Kospi Composite Index rose 0.59% at 7:32 CET.
  • The Australian S & P / ASX 200 jumped 0.34% at 7:52 am CET.


Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.