Japanese Economy still in a crucial position

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According to a Thursday statement from the Japanese central bank governor the Japanese economy is still in a bad condition following the devastation of the 11 of March earthquake. “The Bank of Japan is fully aware that Japan’s economy is in bad condition. We hope to achieve our mission with a sense of urgency, “were his words to the parliament. The Central Bank will open a new loosening of policy measures with its next scheduled meeting arrange on the 6-7 April.

Last week, the Japanese central bank eased monetary policy and communicated that they are ready to take further action, after having checked the figures for the damage caused by the earthquake.