Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Japan


International Outlook: Global Wrapup

JAPAN

With bankruptcies soaring and Bank of Japan Governor Yasushi Mieno coming under fire from Liberal Democratic Party aides, the central bank may be ready to slash its discount rate as much as three-quarters of a percentage point, to 2.5%. Such a move would be the sixth cut since 1991. Other interest rates are already falling. The Finance Ministry has forced long-term bond rates down more than one-tenth of a point since January after signaling it would buy $800 million a month in government debt. And several banks are cutting the long-term prime rate to 5.2%. That will push mortgage rates down as much as a half-point.Edited by Stanley Reed


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus