The Central Bank of Japan (Boj) has chosen not to change interest rates, which thus remain at very low levels, between 0 and 0,1%. The main concern is to avoid the risk of deflation. “The country's economic activity – reads the institute's press release – continues to recover. The Bank will continue to carefully examine the outlook for economic activity and prices and will act appropriately”.
The Boj has also decided to extend for another six months the one trillion yen ($13 billion) loan plan for banks operating in the area of the country devastated by the earthquake of last March 11. The operation was supposed to end this month. As for the western partners, according to the institute "the overseas economy will slow down immediately, but will remain strong in the future, thanks to the emerging countries".
