Annonce

Log ud Log ind
Log ud Log ind
Finans

Japans centralbank pumper rekordbeløb i økonomien

Hugo Gaarden

tirsdag 02. juni 2020 kl. 9:00

Den japanske centralbank pumper så mange penge i økonomien for at bekæmpe corona-pandemien, så bankens balance har nået en rekordbalance på 5000 milliarder dollar.

Uddrag fra Fidelity/Reuters:

Japan’s cash balance hits new high as c.bank pumps money to combat pandemic

The balance of money circulating in Japan’s economy reached $5 trillion in May, hitting a record high for the second straight month, as the central bank pumped more cash to cushion the blow to businesses and consumers from the coronavirus pandemic.

Armed with a raft of loan programmes aimed at prodding commercial banks to boost lending to cash-strapped firms, the Bank of Japan is expected to keep expanding its balance sheet to ease the fallout from the health crisis, analysts say.

“Japan’s economy will probably be in crisis-mode at least for the rest of this year. It would be very hard for the BOJ to slow the pace of money printing,” said Mari Iwashita, chief market economist at Daiwa Securities.

The balance of monetary base, or the amount of cash in circulation and deposits at the BOJ, stood at 543.4 trillion yen ($5 trillion) at the end of May, up 2.7% from the previous month, central bank data showed on Tuesday.

As part of monetary easing steps taken in April, the BOJ expanded a loan scheme created in March and pledged to pay financial institutions a 0.1% interest for borrowing money and lending it out to companies. The move led to a surge in the number of regional banks participating in the programme.

In May, the BOJ also unveiled its own version of the U.S. Federal Reserve’s “Main Street” lending programme to channel nearly $280 billion to small businesses hit by the coronavirus and stop the economy sliding deeper into recession.

While the BOJ’s aggressive monetary measures are considered essential to battle the crisis, it complicates its years-long efforts to shift its policy focus away from the pace of money printing towards interest rates.

After years of heavy asset buying failed to fire up inflation, the central bank shifted in 2016 to a policy targeting interest rates. Under yield curve control, it guides short-term rates at -0.1% and long-term bond yields around 0%.

Japan’s government lifted nationwide state of emergency last week. But the economy is on the verge of a deep recession as the pandemic disrupted supply chains, hit global and domestic demand and forced many businesses to close.

 

Tilmeld dig vores gratis nyhedsbrev
ØU Top100 Finansvirksomhed

Få de vigtigste om bank, realkredit, forsikring, pension
Udkommer hver mandag.

Jeg giver samtykke til, at I sender mig mails med de seneste historier fra Økonomisk Ugebrev. Lejlighedsvis må I gerne sende mig gode tilbud og information om events. Samtidig accepterer jeg ØU’s Privatlivspolitik.

Du kan til enhver tid afmelde dig med et enkelt klik.

[postviewcount]

Jobannoncer

Grønborg: Bankernes rejse nærmer sig afslutningen
Forretningsudvikler til Pension og Formue
Pension, Formue
Aabenraa
Grønborg: Bankernes rejse nærmer sig afslutningen
Formuerådgiver
Formuerådgiver
Midt- og Nordjylland
Grønborg: Bankernes rejse nærmer sig afslutningen
Afdelingsdirektør for forretningsudvikling Private Banking
Private Banking
Aabenraa
Grønborg: Bankernes rejse nærmer sig afslutningen
Formuerådgiver
Formuerådgiver
Region hovedstaden og Sjælland
Generalsekretær i Folkekirkens Nødhjælp
Region Hovedstaden
ØKONOMIMEDARBEJDER – Carlsbergfondet
Region Hovedstaden
Regnskabsassistent til Pharma Nord
Region Syddanmark
Kontorchef for økonomi, analyse og kunder i Færdselsstyrelsen
Region H
DIGITALISERINGSCHEF – Muskelsvindfonden
Region H
Direktionskonsulent med flair for økonomi og udviklingsprojekter
Region Sjælland

Mere fra ØU Finans

Log ind

Har du ikke allerede en bruger? Opret dig her.

FÅ VORES STORE NYTÅRSUDGAVE AF FORMUE

Her er de 10 bedste aktier i 2022

Tilbuddet udløber om:
dage
timer
min.
sek.

Analyse af og prognoser for Fixed Income (statsrenter og realkreditrenter)

Direkte adgang til opdaterede analyser fra toneangivende finanshuse:

Goldman Sachs

Fidelity

Danske Bank

Morgan Stanley

ABN Amro

Jyske Bank

UBS

SEB

Natixis

Handelsbanken

Merril Lynch 

Direkte adgang til realkreditinstitutternes renteprognoser:

Nykredit

Realkredit Danmark

Nordea

Analyse og prognoser for kort rente, samt for centralbankernes politikker

Links:

RBC

Capital Economics

Yardeni – Central Bank Balance Sheet 

Investing.com: FED Watch Monitor Tool

Nordea

Scotiabank