• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 2 hours One Last Warning For The U.S. Shale Patch
  • 6 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 3 hours Chile Tests Floating Solar Farm
  • 13 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 13 hours Poll: Will Renewables Save the World?
  • 13 hours New Rebate For EVs in Canada
  • 4 hours Trump Tariffs On China Working
  • 16 hours The Political Debacle: Brexit delayed
  • 7 hours Trump sells out his base to please Wallstreet and Oil industry
  • 4 hours Biomass, Ethanol No Longer Green
  • 1 day Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.
  • 7 hours Read: OPEC THREATENED TO KILL US SHALE
  • 11 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
Alt Text

Russia May Feel Pinch From Oil Cut Deal This Year

Russia’s central bank warned that…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Japanese commercial banks are hurting. Will the government step in with more bailouts?

Sometimes the briefest bits of information are the most critical.

The Bank of Japan today put out its usual one-page summary for the April meeting of its Policy Board.

The summary begins normally, noting that Japan is faced with overcoming deflation and returning to price stability. This has become fairly common language from the Bank.

And, as expected, the Policy Board will continue to hold interest rates at an ultra-low 0.1%.

But something unusual comes at the end of the BOJ's note. Just a few sentences (emphasis mine):

"It was also confirmed that it would be necessary to strengthen the foundations for economic growth given the current economic conditions in Japan. Based on this recognition, members shared the view that it was necessary for the Bank to make new efforts to contribute to strengthening the foundations for economic growth.

In light of these discussions, the Chairman has instructed the staff to examine and report on another occasion, on possible ways to support private financial institutions in terms of fund provisioning with a view to strengthening the foundations for economic growth."

Translating the Bank's verbosity: Japanese commercial banks are hurting. The government needs to step in with more bailouts.

Troubled banks are something we've largely stopped hearing about over the last several months. Interesting that the problem is rearing back up in one of the world's largest economies.

By. Dave Forest of Notela Resources




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News