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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade4/11/2006 11:47:17 PM
   of 48092
 
online.wsj.com

Japan's Central Bank
Approves Continuing
Interest Rate at Zero

By MIYAKO TAKEBE
April 12, 2006

TOKYO -- Japan's central bank voted unanimously yesterday to keep the zero-interest-rate policy it adopted last month when it scrapped its previous quantitative-easing framework.

Toshihiko Fukui, head of the Bank of Japan, later warned against recent bond-market volatility, but also kept alive speculation the bank might change policy not too far down the line. The uncertainty over monetary policy has sent yields surging to multiyear highs in recent sessions.

"At this stage, we are completely open," on how monetary policy will be conducted, and policy decisions will be made by looking at economic and price conditions, Mr. Fukui said at a news conference.

The central bank said it will continue to guide the key unsecured overnight call loan rate near zero. But with the economy continuing to improve steadily, bond-market players have been speculating that the central bank could start to raise interest rates after a few months, perhaps as early as July.

...more
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