Bank Of Japan To Consider Interest Rate Cuts - Reports

(RTTNews) - The Bank of Japan will consider a reduction in interest rates this week, according to news reports in Japan.

The BoJ board meets Friday, and is expected to monitor market conditions in the interim before deciding on a rate move.

Japan’s current benchmark interest rate is among the lowest in the industrialized world at 0.50 percent. News reports indicate the BoJ is considering a reduction of 25 basis points.

Earlier this week, Japan’s Nikkei 225 stock average fell to a 26 year low, having lost more than 50 percent since the first of the year.

On Wednesday in the United States, the Federal Reserve is due to announce its decision on interest rates, with most economists expecting a reduction of 50 basis points from the current rate of 1.5 percent.

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Posted in Categories: Economy, Japan, Releases, USA.

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