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deal. Obama acknowledged that some
TOKYO Cheap Harrison Butker Jersey , Sept. 21 (Xinhua)
-- The Bank of Japan (BOJ) on Thursday opted to keep its aggressive monetary policy unchanged and maintained its view that the economy here is
The central bank's policy board at a two-day meeting concluding Thursday also decided to keep purchasing government bonds to maintain the 10-year
yield, with long-term interests rates at close to zero percent.
The decision was made by an eight-to-one vote by the policy board.
The BOJ also maintained the 0.1 percent interest on some funds that financial institutions park at the central bank.
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The central bank, despite its consistently aggressive and ultra-loose monetary policy Cheap Taylor Moton Jersey , is struggling to reach its lofty 2
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The central bank has pushed back its inflation target to around fiscal 2019, from its first projection of hitting the 2 percent goal in early fiscal
2015 Cheap Curtis Samuel Jersey , raising concerns among
leading economists that the bank's multifaceted easing measures are not bearing fruit.
In addition, what central bankers here and economists have described as a "deflationary mindset" among the Japanese population has been another
stumbling block the BOJ is struggling to deal with, with the phenomenon compounded by stagnant wages here and lackluster private consumption.
Economists have pointed out that Japan's most accurate barometer of inflation Cheap Kelvin Benjamin Jersey , the core consumer price index, has increased by a meager 0.5 percent in July on year, meaning the
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Market economists also noted Thursday that although Japan's gross domestic product expanded an annualized 2.5 percent in the three months through
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They added that the central bank has used most of its arsenal to boost inflation and has few policy options left after plunging its interest rate into
negative territory at minus 0.1 and making its yield curve control initiative the nucleus of its easing framework.
The bank has said it would stick to its qualitative monetary easing (QQE) with yield curve control.
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vote on its latest policy initiatives was not unanimous.
New board member Goushi Kataoka, an economist and champion of aggressive easing, voted against the majority Cheap Greg Olsen Jersey , leading some economists to question
whether a rift was forming within the bank's board members that could have a negative bearing on the timing of the bank's future policy moves.
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WASHINGTON， Aug. 2 (Xinhua) -- U.S. President Barack Obama on Tuesday vowed to push Congress to approve the Trans-Pacific Partnership (TPP) trade
agreement despite opposition from presidential nominees in both parties.
"Right now， I'm president and I'm for it， and I think I've got the better argument，" Obama said of the controversial Pacific trade deal
during a White House press conference with visiting Singapore's Prime Minister Lee Hsien Loong.
Obama wants Congress to approve the TPP trade deal to cement his trade legacy before he leaves the White House on Jan. 20. But Republican presidential
nominee Donald Trump and his Democratic rival Hillary Clinton have both expressed their opposition to the 12-nation deal.
Obama acknowledged that some past U.S. trade deals had not delivered on all the benefits that were promised and had very localized costs， but he
urged Americans not to cut off globalization.
"The answer is， how do we make sure that globalization， technology， automation， those things work for us， not against us? And TPP is
designed to do precisely that，" he argued， adding that enforceable labor and environment provisions were included in the TPP trade agreement.
"Hopefully， after the election is over and the dust settled， there will be more attention to the actual facts behind the deal and it won't just
be a political symbol or a political football，" he said.
Senate Majority Leader Mitch McConnell said last month that chances for the TPP agreement to get a vote in Congress this year were "pretty slim，"
including in the so-called "lame duck" session after the November general election， suggesting that the upper chamber could wait until the next
president takes office.
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