"Japan Times, the Bank of Japan continues to maintain a zero interest rate policy
today nationwide on the business offer summary
led by Papademos
Greek three-party coalition government with great advantage to win on the night of 16 parliamentary vote of confidence for parliamentary approval clears the way for the new euro zone rescue agreement aimed at resolving the country's debt problems. 300 Parliament, the coalition government, won 255 votes in favor, the day a total of 293 members participated in the vote. Joint ruling Panhellenic Socialist Movement and the New Democratic Party voted against by two members and a member does not affect the overall situation, but because of the three parties to occupy more than 80 percent of the seats in Parliament, individual Members to vote against. Before the vote, Prime Minister Papademos called for wider support for its government efforts to restore financial order. The new government was sworn in on the 11th of this month, its main task is to rescue agreement reached by the implementation of the euro zone leaders on October 27.
"The Guardian": Bank of England cut next year's economic growth is expected
the Bank of Japan Policy Board on the 16th end of a two-day monetary policy meeting, announced the continuation of zero interest rate policy, and to take more monetary easing measures to cope with the adverse effects of the European debt crisis and the yen continued to rise. Bank of Japan Policy Committee by secret ballot, decided to short-term benchmark interest rate at zero to 0.1% level, said weak overseas economic impact to the Japanese domestic economic trends. Bank of Japan said that the European debt problems may give the world economy, the downside risks, the impact of the appreciation of the yen and the Thailand floods also constitute a major risk factor for the Japanese economy. Bank of Japan monetary policy meeting on October 27, an additional 5 trillion yen for the purchase of assets of the Fund to expand the scale; October 31, the Bank of Japan to take measures to intervene in the foreign exchange market, driving down the yen exchange rate is expected to spend 7500 to 8000 billion yen in capital.
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Times of India, India 8 industry employment rate increase of 2%
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Bank of England on Wednesday announced the inflation report. The report warns that the British economy is stalled, and cut next year's economic growth is expected, implying that will inject more economic electronic money. Bank of England said that British economic growth stagnated due to the impact of the debt crisis in the euro zone, may be until mid-2012 to the end of 2012 the annual economic growth will only reach 1%, half of this less than its previous forecast . Bank of England also lowered its expected UK inflation expected rate of inflation in the United Kingdom before the end of next year will be lower than 2% government target, which paved the way for its implementation of quantitative easing (QE) policy. The quantitative easing policy is to purchase financial assets, in order to inject more cash into the economy. The economist said that this report improve the market for the Bank of England will expand its quantitative easing policy is expected to market Bank of England in 2012 will be the current scale of £ 275 billion quantitative easing policy is expected to increase by at least 50 billion pounds.
"Washington Post": both houses of the United States called for deficit reduction committee made bold reduction plan
"USA Today": economic data showed the U.S. economy show signs of recovery
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"Financial Times": The Italian cabinet came to power in Germany welcomed
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According to recently released data, the U.S. industrial output growth rate in October reached the highest level in nearly three months. The factory produces more trucks, electronic products and business equipment, the indication that the manufacturing industry slowed in the spring began to recover after. The Federal Reserve said on Wednesday, factories, utilities and mining output growth of 0.7 percent in October. Factory output growth of 0.5 percent, the fourth consecutive monthly growth. Business equipment output growth of 1 percent, the sixth consecutive month of growth; electronic products, electrical and transport equipment output increased by more than 2%. Automobile and parts production rose 3.1 percent. Since June 2009, industrial output has accumulated an increase of 13.4 percent, but still 5.3 percent lower than before the economic crisis during the peak period of September 2007. October, capacity utilization rose to 77.8 percent from 77.3 percent in September, an increase of 2.1 percentage points, but still low compared with the 1972-2010 annual average of 2.6 percent.
International Monetary Fund (IMF) announced on Wednesday night to the Organization for European Affairs director Antonio Boggs (AntonioBorges,), has resigned for "personal reasons with immediate effect. The Boggess any IMF for European Affairs in charge of the post only a year. The IMF said the current IMF strategy, policy and review department in charge of Ruizha • 莫格哈丹姆 (RezaMoghadam) will take over the post of director of European affairs. Boggs's responsibilities include supervision of the IMF bailout of Greece, Portugal and IrelandWorld Steel Pipe , he resigned a critical moment in the European debt crisis will be deemed to increase the uncertainty of the crisis. Boggs said last month, the IMF should recommend to the troubled euro-zone countries to change the economic policy, "to abandon the current fiscal tightening government, the United States and British-style fiscal stimulus.
India Department of Labor survey shows that eight industries in the context of economic activity has slowed, the employment rate in the April-June, a slight increase, but the employment rate of textile and transportation industries decline. According to data released on the 16th, during April 2011-June, eight industries employment rate increase of 2.15 percent, textile industry, the employment rate decreased by 0.33%, the employment rate of the transport sector fell 0.02 percent; eight sectors will increase by 215 000 jobs, mainly from the IT industry (164 000) and the metal smelting industry (53000), the automotive industry increased by 13,000 jobs, jewelery industry, despite the first quarter of strong export growth, but increased by only 13,000 jobs . India Labor Department's employment report, April 2011-June, employment in a maximum increase of 190,000, 25,000 higher than the same period last year, export enterprises to increase the staff of 67 000 domestic enterprises increased by 148,000 employees.
a bipartisan group from both houses on Wednesday called on U.S. deficit reduction "super committee" should increase the deficit reduction efforts, said the plans of both houses support the Committee will be made to reduce a deficit of $ 4,000,000 World Steel Pipe News ,000,000. Whether the current 12-member committee before the deadline of November 23 to make a deficit reduction agreement, the current remaining questions. Ultra Committee Democrats and Republicans in the meeting, the Republican head of JebHensarling support currently available that can they can make the greatest efforts in the increase of tax policy, although he will still consider the Democrats will put forward any recommendations. Ultra-Committee of the deficit reduction has been the support of 150 Members of Parliament, representatives from both houses of the United States said it would be in favor of the Committee plan to raise revenue and reduce government projects.
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Mario Monty (MarioMonti,), Prime Minister of the composition of the Cabinet, on Wednesday began to take over the euro zone's third largest economy in Italy. In the face of the enormous pressure of the EU authorities, the 68-year-old economist, I serve as Secretary of the Treasury in the Cabinet of the drawdown of 17 people. Monti appointed IntesaSanpaolo bank governor as a "super minister" position, responsible for the integration of industrial and infrastructure development. This reflects the new government's determination to boost the domestic stagnation of the economy. Monty has been in Italy and abroad to win broad support, German Chancellor Angela Merkel said the highly recognized Monty talent, and look forward with the meeting as soon as possible. He is scheduled to submit an economic plan to the Italian Senate on Thursday to win its vote of confidence, followed by the Italian Lower House Friday will report the final vote.
New York Times: The Greek government won a vote of confidence
"Daily Telegraph": IMF head of European affairs Boggs resignation