Exact(4)
A monetary easing should eventually put downward pressure on the renminbi.
"Even a monetary easing is not going to solve the problem," he said.
On the other hand, a decision to keep rates steady would no doubt send the market tumbling, since most strategists say a monetary easing is at least partially priced into the market.
But a decision to keep rates steady would no doubt send the market tumbling, since most strategists say a monetary easing is at least partially priced into the market.
Similar(56)
A succession of awful data has pummelled his economic programme, which consists of three "arrows": a radical monetary easing, a big fiscal stimulus and a series of structural reforms.
And balance-sheet adjustments, both on the part of companies and consumers, must be made before the economy can respond as it classically does to a monetary ease".
In April the Bank of Japan embarked on a "shock and awe" mission to banish deflation with a radical monetary easing.
Mr Abe's solution to Japan's economic woes has been to ratchet up spending on public works and to direct the Bank of Japan to embark on a radical monetary easing.
ON THE AGENDA | The Bank of Japan on Thursday announced an aggressive monetary easing effort.
To accomplish these objectives, China embarked on a strategy of monetary easing, with an interest rate cut on June 10.
He is a supporter of aggressive monetary easing as a means to revive Japan's growth.
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