20 May '11, 9am

BOJ holds fire, unfazed by recession: TOKYO - The Bank of Japan (BOJ) kept monetary policy steady on Friday in a...

TOKYO - The Bank of Japan (BOJ) kept monetary policy steady on Friday in a sign that a first-quarter economic slump did not change the central bank's view that growth will pick up around autumn when the wounds from the devastating earthquake begin to heal. In a surprise move, Deputy Governor Kiyohiko Nishimura dropped his proposal to loosen policy further with an expansion of the central bank's asset-buying scheme. He made such a proposal last month but was voted down by an 8-to-1 margin. That has led some analysts to scale back expectations of a near-term monetary easing. "I think the BOJ is going to be on hold for some time. Maybe Mr Nishimura has come to the conclusion that he has no support. For the sake of unity within the bank, that could be a good thing," said Mr Adrian Foster, head of financial markets research for Asia-Pacific of Rabobank International in Hong Kon...

Full article: http://www.todayonline.com/Business/EDC110520-0000642/BOJ...

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channelnewsasia.com 23 May '11, 1pm

SINGAPORE : The gazetting of the town councils is expected to take place by this Friday. This will mark the formal handove...