Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
BOJ board members warned of recession risk: October 4-5 minutes
TOKYO (Reuters) - A few Bank of Japan board members warned that a recession in the world's third-largest economy could not be ruled out given recent weakness in industrial production, minutes of the BOJ's October 4-5 policy meeting showed on Friday.
Some members also said that, due to a slowdown in overseas economies, Japan's economy may not return to a recovery path until after the start of next year, the minutes showed.
A representative of the government said at the meeting it was particularly important for the BOJ to produce visible results in achieving its goal of a 1 percent consumer inflation rate.
At that meeting, the BOJ kept policy on hold.
At a subsequent meeting this week, the central bank increased its asset-buying and lending program, its main monetary easing tool, by 11 trillion yen ($137 billion), to 91 trillion yen. It also unveiled a plan to supply banks with unlimited cheap long-term funds under a new scheme initially seen sized around 15 trillion yen.
($1 = 80.1400 Japanese yen)
(Reporting by Stanley White; Editing by Edmund Klamann)
- Tweet this
- Share this
- Digg this