Thursday, September 21, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Economy & Trade

Bank of Japan revises upward growth outlook for next 2 years

AFPbyAFP
January 21, 2021, 8:45 pm
in Economy & Trade
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

TOKYO—The Bank of Japan on Thursday revised its growth outlook upwards for the next two years and maintained its ultra-loose monetary policy as it warned that the pandemic makes clear forecasts less likely.

However, for the current fiscal year to March the central bank expects the economy to shrink 5.6 percent, against its October estimate of a 5.5-percent contraction.

The announcement comes with parts of the country including Tokyo and Osaka under a state of emergency that requests shops and restaurants close early until at least the start of February.

While Japan’s COVID-19 outbreak remains comparatively small, with around 4,700 deaths overall, there has been a sharp spike in cases this winter.

But the BoJ saw brighter times on the horizon in its quarterly report, published after a two-day policy meeting.

For the 12 months to March 2022 it expects growth of 3.9 percent, and 1.8 percent the following year. That compares with previous estimates of 3.6 percent and 1.6 percent, respectively.

“Japan’s economy is likely to follow an improving trend with the impact of the coronavirus waning gradually, but the pace is expected to be only moderate while vigilance against COVID-19 continues,” the bank said.

The higher projected growth rates reflect “the effects of the government’s economic measures in particular,” it said, referring to huge stimulus packages approved last year.

The BoJ warned its latest forecasts were “extremely unclear” and “could change depending on the consequences of COVID-19 and the magnitude of their impact on domestic and overseas economies.”

Prices are seen falling 0.5 percent in the current year to March, but will likely rise 0.5 percent and then 0.7 percent over the next two.

The negative interest rate of 0.1 percent on bank deposits was left unchanged, as well as a policy of unlimited purchases of government bonds.

The central bank will closely monitor the impact of the virus and “will not hesitate to take additional easing measures if necessary,” it added.

Tags: Bank of JapanCOVID-19growth outlook
ADVERTISEMENT
AFP

AFP

Related Posts

DTI endorses SteelAsia’s new mill in Batangas for faster approval

byOthel V. Campos
September 21, 2023, 9:30 pm
0
8
Study: PH, Japan have $49-b untapped trade potential

The Department of Trade and Industry said Thursday it endorsed the 500,000-metric ton section mill of SteelAsia Lemery Works Inc....

Read more

US Fed pauses rate hikes but predicts longer time for inflation to cool down

byAFP
September 21, 2023, 8:50 pm
0
8
Banaag assumes post as Bright Kindle director

WASHINGTON, United States—The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high while predicting that lending...

Read more

ADB cuts Philippines growth forecast to 5.7%

byJulito G. Rada
September 20, 2023, 2:28 pm
0
8
Food stamps tack eyed via ADB aid

The Asian Development Bank said Wednesday its downgraded its 2023 growth forecast for the Philippines to 5.7 percent from 6...

Read more

Diokno: Fuel VAT, excise tax suspension to hurt economy

byJulito G. Rada
September 19, 2023, 11:54 am
0
8
New DOT secretary promotes inclusive and sustainable tourism

Finance Secretary Benjamin Diokno on Tuesday described proposals to suspend the value-added tax and the excise tax on petroleum products...

Read more

PSA assures public of data integrity, security in National ID

byManila Standard Business
September 19, 2023, 10:30 am
0
8
Pinoys urged to avail of national ID

The Philippine Statistics Authority (PSA) announced significant progress in Philippine Identification System (PhilSys) aimed at providing a unique and secure...

Read more

2024 tax allotment for LGUs up 6% to P871 billion

byJulito G. Rada
September 19, 2023, 10:07 am
0
8
Pangandaman: ‘Pray for typhoon Paeng victims’

Local government units will receive a total national tax allotment (NTA) of P871.3 billion in 2024, up by P51.11 billion...

Read more

Print Edition

View More

Recent Posts

  • Military chief seeks ‘meaningful conversations’ to end conflicts
  • PH, Bangladesh eye expansion of defense relations
  • PEZA meeting
  • Bamboo dresses
  • Tomorrow’s tech titans to set stage at PLDT Enterprise, Smart’s 2023 Startup Innovation Challenge
  • Christian fellowship
  • DOST-STII, Converge, Pacific Kabelnet Group join forces to amplify DOST streaming experience
  • Marcos says EU nations find exciting opportunities in Asia

Advertisement

Latest News

Christian fellowship

byLino Santos
September 21, 2023, 10:45 pm
0
8
Christian fellowship

Rev. Ock Soo Park, founder of the International Youth Fellowship (IYF), speaks during a fellowship with Christian leaders, students, and...

Read more

DOST-STII, Converge, Pacific Kabelnet Group join forces to amplify DOST streaming experience

byManila Standard - Tech
September 21, 2023, 10:43 pm
0
8
DOST-STII, Converge, Pacific Kabelnet Group join forces to amplify DOST streaming experience

Converge CEO and Co-Founder, Dennis Anthony H. Uy leads the MOA signing. In an unparalleled collaboration, the Science and Technology...

Read more

Marcos says EU nations find exciting opportunities in Asia

byManila Standard
September 21, 2023, 10:40 pm
0
8
Roadside classroom

It is prudent that Europe considers the “exciting” opportunities Asia has to offer, President Ferdinand R. Marcos Jr. said Wednesday....

Read more

PH signs pact against use of materials for nuclear weapons

byRey E. Requejo
September 21, 2023, 10:35 pm
0
8
PH, CH form way to settle dispute

The Philippines has partnered with Japan and Australia in advocating for the international community to begin negotiations on a treaty...

Read more

DBM releases more than P12.25b for gov’t housing, calamity projects

byManila Standard
September 21, 2023, 10:15 pm
0
8
Duterte ready to go home, finishing packing things to leave Palace

The Department of Budget and Management (DBM) has given the go signal for the release of P12.259 billion in housing...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App