Japan does not stand up for the price, to weaken the yen

Finansy03-12-2009, Japan does not stand up for the price, to weaken the yen, the Japan Guide National Bank has decided to pour into the country's financial system additional funds. The regulator will provide the Japanese banks more than 10 trillion yen (over $ 112 billion) to keep the national currency from excessive capacity, which leads to higher prices for exports. Allocate the amount in the form of three-month loans 0.1% APR. The need for urgent financial injections was discussed last week in connection with the ongoing decline of the dollar against the yen on the Tokyo Stock Exchange. The Japanese government stated that the economy is experiencing deflation. In this regard, Prime Minister Yukio Hatoyama appealed to the leadership of the Central Bank for urgent help. "We have agreed to act quickly and based on the understanding that the Cabinet and the Japanese Bank to help the country overcome deflation," - said the Prime Minister of Japan, Yukio Hatoyama, after meeting the head of the Bank of Japan Masaaki Shirakawa, noting the timeliness of his actions, says Itar-Tass . In the second quarter of this year, the Japanese economy, which by virtue of a pronounced export orientation has been among the hardest hit by the crisis, managed to get out of recession. Statistics reported on GDP growth of 0,9%.