| Home
Financial institutions get another boost from Japanese government
Philadelphia News.Net
Wednesday 17th March, 2010
Japan's central bank has been encouraging financial institutions to lend more with a new stimulus package.
The bank has doubled to 20 trillion yen the amount of cheap short-term loans it is offering banks at an interest rate of 0.1%.
The scheme was first introduced in December to try to tackle the deflation which is threatening Japan's economic recovery.
Japan’s economy only expanded by 0.9% between October and December of last year, down from its initial estimate of 1.1%.  Email this story to a friend
Comments on this story
Anonymous
03-18-10, 09:39 AM |
Japan's central bank in lending boost
Japanese government through its central bank is NOT helping the Japanese government by giving FREE MONEY through cute names like *stimulus package* to the private bankers. The private bankers are just going to help themselves.
The private bankers are the same people who control economic recession and economic boom depending on what they want to achieve at the time. To stop an economy from progressing and then play the BLAME AND FRAME game on the government (through media media), all they need to do is restrict the circulation of money.
By giving the private bankers more FREE MONEY it does not achieve anything but enrich the Central Bank key players and the private bankers in a COLLUSION.
|
Have your say on this story
|
|
