-------- Original Message --------
| Subject: | News Alert: Bank of Japan Cuts Benchmark Interest Rate to As Low As 0% |
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| Date: | Tue, 5 Oct 2010 01:07:05 -0400 |
| From: | NYTimes.com News Alert <nytdirect@nytimes.com> |
| Reply-To: | nytdirect@nytimes.com |
| To: | rhomp2002@EARTHLINK.NET |
Breaking News Alert The New York Times Tue, October 05, 2010 -- 1:05 AM ET ----- Bank of Japan Cuts Benchmark Interest Rate to As Low As 0% The Bank of Japan on Tuesday unexpectedly cut its benchmark interest rate from 0.1 percent to a range of 0 to 0.1 percent. The unanimous decision came after a two-day meeting of the bank's nine-member policy board and is the first change of Japan's key rate since December 2008. The move had important symbolic impact, signaling the bank is willing to take action to spur the ailing economy despite the risks of deflation from further cuts in interest rates. Tokyo's Nikkei stock market average rose by more than 1.5 percent after the announcement. Read More: http://www.nytimes.com/aponline/2010/10/05/business/global/AP-AS-Japan-Central-Bank.html?emc=na ----- Now get New York Times breaking news alerts sent to your mobile phone. Sign up by texting NEWSALERTS to 698698 (NYTNYT). ----- About This E-Mail You received this message because you are signed up to receive breaking news alerts from NYTimes.com. To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email NYTimes.com 620 Eighth Ave. New York, NY 10018 Copyright 2010 The New York Times Company
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