No reins on recovery
Article Abstract:
The Bank of Japan has carried out a survey of businesses which shows that they are increasingly optimistic and are making upward revisions of investment plans. The official discount rate is 0.5% and has been at this level since Sep 1995. An optimistic business survey increases the likelihood that interest rates will be raised. A rise in interest rates could affect economic growth if it is implemented too rapidly. This could affect financial markets and push up the value of the Japanese yen in relation to the US dollar. Monetary policy may be unchanged until Sep 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Mind the gap
Article Abstract:
Japanese stock prices have droppd due to a drop in profit expectations. Peter Chambers from HSBC James Capel sees the economy as weaker than he had forecast. This is due to the Asian financial crisis and changes in attitudes in Japan. Japanese banks have to pay more for their funds and they are reassessing loan portfolios. Smaller firms have been affected by a credit crunch as banks have called in some loans and been reluctant to lend. The bureaucracy is less concerned about the economy than is the private sector.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Banking/finance
Article Abstract:
Romania is setting up a stock exchange as a condition of aid from the International Monetary Fund (IMF). The National Bank of Romania controls the money supply, and the Romanian Commercial Bank is the biggest bank, and is state owned. The Romanian Development Bank is a state bank scheduled for privatization in late 1995. There are nine foreign banks operating in Romania, including ING Bank and Chemical Bank, and more foreign banks areexpected to set up branches.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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