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What precisely is meant by the phrase "until deflationary concerns subside"?
The Bank of Japan initially promised to keep rates at zero "until deflationary concerns subside".
A top government official said the beef accord would be put on hold "until the people's concerns subside".
In the late 1990s the Bank of Japan aimed to escape its economic doldrums by promising to leave interest rates at zero "until deflationary concerns subside".
As a first response, it deployed the zero-interest-rate-policy (or ZIRP), in which it promised to keep short-term rates at zero "until deflationary concerns subside".
The revised beef accord, announced Saturday, will be put on hold "until the people's concerns subside," Hong Joon-pyo, a senior governing party official, said Sunday.
Similar(51)
Those concerns subsided somewhat on Tuesday after Standard & Poor's announced that it was taking Greece off its negative credit watch, lowering the threat of a downgrade.
Arvizu says board members' concerns subsided, however, once they were briefed on the rationale for the legislation, which was passed by the Senate in June 2011 and by the House of Representatives 3 weeks ago.
But within a few months, those concerns subsided.
Concern subsided when officials determined that the hides on the drums were likely to blame, he said.
Even as last year's concerns have subsided, he said, "buying hasn't diminished".
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