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#1 12-10-2018 02:54:38

Date d'inscription: 11-07-2018
Messages: 1210

The bank has said it would stick to its qualitative mon

PARIS, May 12 (Xinhua) -- French labor unions and student organizations posed new challenges to the Socialist Party government by staging fresh nationwide protests on Thursday to try to press officials to loosen labor rules, which they say favor employers.

Seven labor unions called for a new wave of massive street protests. In a further sign of a continued tough showdown over labor reform, they threaten to block the country's economic activity by way of a series of planned strikes in rail and maritime transport to defy the ruling Socialists.

Dogged by record low popularity and haunted by broken economic promises, the ruling French party attempted to pass the controversial law without lawmakers' approval, a move that fueled critics and provoked indignation over "a denial of democracy."

"It's time to move up a gear. Mobilization is necessary more than ever," Philippe Martinez, head of the large CGT labor union told L'Humanite newspaper.

In response to the government's efforts to push through the labor code reform bill, trade unions invited French voters to take part in two additional protests scheduled for May 17 and 19.

"Parliamentary debate has begun. A majority is not won (to pass the text), so we have to keep pressure because it's a matter of rights and social, economic and republican dignity," wrote Jean-Claude Mailly, the general secretary of FO union.

Crowds gathered in French cities and thousands of angry voters walked to the National Assembly where lawmakers were examining a censure motion to dissolve government after it resorted to a decree to pass the reform.

In Paris, up to 12,500 demonstrators participated in the fifth such action in two months, police data showed. The union CGT put the number at 50,000.

Despite security reinforcements, tension was high and violent incidents tainted marches in Paris, Bordeaux in southwestern France, and the eastern town of Nantes where two people were arrested, according to local media.

Riot police also arrested two people in the French capital for throwing projectiles at officers, Paris prefecture said on its Twitter account.

In addition to growing street pressure, several in the ruling Socialist camp challenged President Francois Hollande to change the country's strictly codified labor code, widening rifts in the left-wing that could undermine the president's chances to enjoy a large majority ahead of the 2017 presidential election.

Despite widespread opposition and growing public disenchantment, Hollande rebuffed the accusation he was pro-business.

He argued the labor reform was "a text of progress" which aims at softening layoff rules, reducing overtime pay and economic redundancies, and negotiating working hours and holidays.

With his back to the wall, Hollande hoped the disputed reform would help him regain popularity ahead of the upcoming race for the Elysee Palace.

TOKYO Maglia Patrick Cutrone AC Milan , Sept. 21 (Xinhua) -- The Bank of Japan (BOJ) on Thursday opted to keep its aggressive monetary policy unchanged and maintained its view that the economy here is expanding moderately.

The central bank's policy board at a two-day meeting concluding Thursday also decided to keep purchasing government bonds to maintain the 10-year yield, with long-term interests rates at close to zero percent.

The decision was made by an eight-to-one vote by the policy board.

The BOJ also maintained the 0.1 percent interest on some funds that financial institutions park at the central bank.

The bank's policy board, in addition Maglia Mateo Musacchio AC Milan , opted to keep its bond buying at a pace of roughly 80 trillion yen (711.52 billion U.S. dollars), although economists have been quick to highlight the fact that the amount has actually dropped recently to around 60 trillion yen.

The central bank, despite its consistently aggressive and ultra-loose monetary policy Maglia Lucas Biglia AC Milan , is struggling to reach its lofty 2 percent inflation target, with the target date being pushed back multiple times as inflation has remained languid.

The central bank has pushed back its inflation target to around fiscal 2019, from its first projection of hitting the 2 percent goal in early fiscal 2015 Maglia Ignazio Abate AC Milan , raising concerns among leading economists that the bank's multifaceted easing measures are not bearing fruit.

In addition, what central bankers here and economists have described as a "deflationary mindset" among the Japanese population has been another stumbling block the BOJ is struggling to deal with, with the phenomenon compounded by stagnant wages here and lackluster private consumption.

Economists have pointed out that Japan's most accurate barometer of inflation Maglia Riccardo Montolivo AC Milan , the core consumer price index, has increased by a meager 0.5 percent in July on year, meaning the BOJ's ultimate goal remains somewhat elusive.

Market economists also noted Thursday that although Japan's gross domestic product expanded an annualized 2.5 percent in the three months through June and unemployment remained comparatively low in the latest recording period Maglia Cristian Zapata AC Milan , the inflation target remains far-flung.

They added that the central bank has used most of its arsenal to boost inflation and has few policy options left after plunging its interest rate into negative territory at minus 0.1 and making its yield curve control initiative the nucleus of its easing framework.

The bank has said it would stick to its qualitative monetary easing (QQE) with yield curve control.

At the BOJ's latest meeting, also adding to its issues, their was one dissenter who disagreed with the bank's policy strategy Maglia Alessio Romagnoli AC Milan , meaning the board member's vote on its latest policy initiatives was not unanimous.

New board member Goushi Kataoka, an economist and champion of aggressive easing, voted against the majority Maglia Andrea Conti AC Milan , leading some economists to question whether a rift was forming within the bank's board members that could have a negative . Jerseys From China   Jerseys Wholesale   NHL Jerseys Wholsale   Nike NFL Jerseys Wholesale   Nike NFL Jerseys Cheap   College Jerseys Cheap   Replica Jerseys Wholesale   Basketball Jerseys From China   Authentic Jerseys From China   Cheap New Soccer Jerseys

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