Tokyo - The Bank of Japan (BOJ) decided to maintain its key short-term interest rate unchanged at the end of a two-day meeting on Wednesday.
The bank's policy board voted unanimously to forego another interest rate hike amid the Japanese economy's sluggish growth.
The interest rate has remained fixed since February 2007, when it was raised from 0.25 per cent.
"Economic growth has been sluggish against the backdrop of high energy and materials prices and weaker growth in exports," the bank said in a statement.
Tokyo - Tokyo stocks gained ground early Wednesday on the US Federal Reserve's announcement to help struggling AIG insurance company.
The benchmark Nikkei 225 Stock Average surged 241.06 points, or 2.08 per cent, to 11,850.78.
The broader Topix index was also up 14.4 points, or 1.29 per cent, to 1,131.97.
The market sentiment improved after the US Federal Reserve announced that it will lend up to 85 billion dollars to AIG to prevent it from falling into bankruptcy.
Tokyo - Japan's central bank on Tuesday pumped 2.5 trillion yen (23.65 billion dollars) into money markets to ease the impact of the failure of the US investment bank Lehman Brothers Holdings Inc.
"The Bank of Japan will carefully monitor the recent developments among US financial institutions and continue to try to secure smooth fund settlements and financial-market stability by implementing appropriate money-market operations," Governor Masaaki Shirakawa said in a statement.
Tokyo - Tokyo stocks were down sharply early Tuesday in the first trading in the Japanese market since the latest Wall Street banking crisis, including the collapse of investment bank Lehman Brothers and the struggles of insurance giant AIG.
Opening trading after being closed Monday for a Japanese holiday, the benchmark Nikkei 225 Stock Average at 9:22 am was down 563.59 points, or 4.61 per cent, to
11,651.17. It was the first drop below the 12,000 mark since March.
Tokyo - Japan's ruling Liberal Democratic Party (LDP) is aiming for a parliamentary lower house election on October 26, the country's biggest newspaper Yomiuri Shimbun reported Saturday.
Quoting sources within the LDP, it said the lower house of parliament would probably we dissolved on October 3, by which time the party would have a new president who would have been made prime minister by the lower house, where the LDP has a majority.
Tokyo - The Bank of Japan (BOJ) decided to maintain its key short-term interest rate unchanged at the end of a two-day meeting on Wednesday.
Tokyo - Tokyo stocks gained ground early Wednesday on the US Federal Reserve's announcement to help struggling AIG insurance company.
Tokyo
Tokyo - Japan's central bank on Tuesday pumped 2.5 trillion yen (23.65 billion dollars) into money markets to ease the impact of the failure of the US investment bank Lehman Brothers Holdings Inc.
Tokyo - Japan's ruling Liberal Democratic Party (LDP) is aiming for a parliamentary lower house election on October 26, the country's biggest newspaper Yomiuri Shimbun reported Saturday.
