Friday, November 2, 2012

Bank of Japan to Maintain Powerful Monetary Easing, NIESR Cuts U.K. 2013 GDP Outlook

Latest economic news from Japan we reporting, from banking industry, Bank of Japan Minutes: To Maintain Powerful Monetary Easing, Members of the Bank of Japan's monetary policy board said that while the Japanese economy continues to level off, it continued to be appropriate to proceed with the current level of economic stimulus, minutes from the board's meeting on October 4 and 5 revealed on Friday

From Sidney we reporting, Australia Q3 Producer Prices Climb 0.6%, Producer prices in Australia added 0.6 percent in the third quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Friday

Britain's economic news, NIESR Cuts U.K. 2013 GDP Outlook, Says Austerity May Hurt Growth, A leading think tank on Friday lowered its growth forecast for the British economy next year, while stressing that the fiscal consolidation efforts in the U.K. and Europe are having a large negative impact on growth. The gross domestic product is expected to grow 1.1 percent in 2013, with no contribution from net trade, the National Institute of Economic and Social Research (NIESR) said in a quarterly report. This was lower than its July forecast of 1.3 percent growth

Meanwhile, U.S. Employment Increases More Than Expected In October, Employment in the U.S. increased by more than economists had anticipated in the month of October, according to a report released by the Labor Department on Friday, although the report also showed an uptick by the unemployment rate

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