e_Paper (23 December 2016)

Business 15
DT
FRIDAY, DECEMBER 23, 2016
Lessons from past haunt
BOJ as yield rise sparks
talk of tightening
• Reuters
CORPORATE NEWS
For the first time in a decade
the Bank of Japan is prepared
to contemplate the possibility
of a future rate rise – a radical
shift for an extremely dovish
central bank that now finds
itself boxed into a corner by
surging global bond yields.
But that doesn’t mean the
BOJ is anywhere close to pulling
the trigger.
Not only Governor Haruhiko
Kuroda and one of his
deputy governors Kikuo Iwata
- widely regarded as the
architects of the BOJ’s massive
money-printing experiment,
but many others on the
nine-member board would
need a significant change of
heart.
And central bank officials
haunted by their two failures
since 2000 to exit zero rates
would rather be late in tightening
than be caught out, and
criticised, again for taking the
steam out of the economy.
“The last thing the BOJ
wants is to be blamed for
ruining a budding economic
recovery and to be criticised
yet again for doing too little
to spur growth,” said a source
familiar with the BOJ’s
thinking. •
Minister of State for Science and Technology, Yeafesh Osman has recently
inaugurated an international conference on engineering materials and
metallurgical engineering organised by BCSIR, said a press release
Southeast Bank Limited has recently opened its 126th branch at Kansha
Road, Singair in Manikganj, said a press release. The bank’s AMD,
Muhammad Shahjahan inaugurated the branch
Md Mokhlesur Rahman has recently
been promoted as general manager
of Janata Bank Limited, said a press
release. He joined the bank as a senior
officer in 1984
Standard Bank Limited has recently opened its 109th branch at
Goalanda More in Rajbari, said a press release. The bank’s managing
director, Mamun-Ur-Rashid inaugurated the branch
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