• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 14 hours US top CEO's are spending their own money on the midterm elections
  • 2 hours Satellite Moons to Replace Streetlamps?!
  • 12 hours EU to Splash Billions on Battery Factories
  • 22 hours Petrol versus EV
  • 11 mins U.S. Shale Oil Debt: Deep the Denial
  • 35 mins The Balkans Are Coming Apart at the Seams Again
  • 16 hours OPEC Is Struggling To Deliver On Increased Output Pledge
  • 38 mins The Dirt on Clean Electric Cars
  • 12 hours Uber IPO Proposals Value Company at $120 Billion
  • 18 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 2 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 14 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 19 hours 10 Incredible Facts about U.S. LNG
Alt Text

Global Economy Throwing Up Red Flags For Oil

Investors are feeling increasingly gloomy…

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


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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