BoJ calls emergency meeting on Iraq

The Bank of Japan held an emergency meeting on Tuesday to discuss what effect war in Iraq might have on the Japanese economy. The Bank also announced that it would increase its purchase of commercial bank shares.

Source: Associated Press

Japan's central bank kept monetary policy unchanged Tuesday in an emergency meeting under its new governor that was aimed at helping the country's fragile economy through the impact of a war in Iraq. It is boosting spending to purchase commercial bank shares.


To continue reading...