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BOJ to ease monetary policy to fight yen's rise

08-30-2010 11:12 BJT

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The Bank of Japan has held an emergency meeting to ease monetary policy in response to strong government pressure to curb the rising yen. The yen's climb is threatening Japan's exports and may delay the country's exit from deflation.

The central bank will likely expand a cheap fixed-rate loan programme for banks. But analysts question whether the measure is bold enough to stem the rise. The yen slipped after the central bank said it would hold the meeting, and the dollar rose to the day's high.

Japanese Prime Minister Naoto Kan will meet BOJ Governor, Masaaki Shirakawa, to request a "flexible" monetary policy.

Editor:Xiong Qu |Source: CNTV.CN

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