2016/09/29

Business this week, Sep 24th 2016

The Bank of Japan announced a further easing of monetary policy. It said it would cap the yield on ten-year government bonds at about 0% and also committed itself to buying assets until inflation exceeds its target of 2%. The BoJ has been one of the more interventionist central banks over the past few years, but its radical policies have done little to bring an end to Japan’s low inflation.

日本銀行BoJ宣布一個更緩和的貨幣政策,其勝過幾乎0%獲利的十年政府公債,他們也承諾購買資產直到通貨膨脹超過其2%的目標值。在過去幾年來,BoJ一直以來是較為干涉之央行之一,但其激進政策對於日本低通貨膨脹並沒有很顯著的效果。

The Federal Reserve took few by surprise when it left interest rates unchanged at its latest policy meeting. In recent weeks some of the central bank’s more hawkish officials have been pushing the case for lifting ultra-low rates, but their doveish colleagues were ultimately persuaded by a run of weaker economic data. The Fed did, however, drop a strong hint that it would raise rates by the end of the year.

準聯會最新的政策出其不意地不變動利率。在最近這幾個禮拜,一些央行鷹派(強硬派)的官員一直推動提高超低利率,他們"鴿派"的同事最後被一連算較差的經濟數據說服才推動。不過,Fed的確有強烈暗示今年年底前會升息。

Stumpfed for words
John Stumpf, the chief executive of Wells Fargo, was hauled in front of a Senate committee to explain the bank’s conduct in a scandal where fake accounts were created for customers in order to meet branch targets. Mr Stumpf admitted that he knew about the practice in 2013 and that the board was informed in 2014. The senators were in an unforgiving mood, and wanted to know why no senior executives had been sacked.

Wells Fargo執行長John Stumpf被交送至參議院委員會前解釋銀行對於開立假帳戶以達成分行目標業績之行為。Stumpf先生承認他在2013知道此事,董事會則在2014年被告知。參議員處於不饒人的氛圍,並想知道為何沒有資深經理被開除。

Strange Words:
monetary    a. 貨幣的;幣制的
cap    vt. 勝過;超過[(+with)]
yield    n. 產量;收穫量;收益,利潤[C][U]
bond    n. 字據;債券;公債[C]
inflation    n. 字據;債券;公債[C]
interventionist    a. 干涉主義的;干涉主義者的; n. (尤指主張干預國際事務的)干涉主義者[C]
radical    a. 極端的,過激的;激進的;激進派的

by surprise    出其不意
hawkish    a. 鷹派的,強硬派的
doveish   a. 鴿派的
run    n. 一連串,連續[S][(+of)
drop a hint to sb.    間接地或策略地提出建議; 暗示

haul    vt.  硬拖,硬拉;把……送交當局審處[O]
Senate    n.[C] (大寫)(美國等的)參議院
senator    n.[C] 參議員
conduct    n.[U] 行為,品行,舉動
board    n. 委員會;理事會;董事會;(政府的)部,局,會[C][G]
unforgiving    a. 不原諒人的;無情的
executive    n.1. 執行者;行政官;高級官員[C]; 2. 經理;業務主管[C]; 3. (工會,黨派等的)執行委員會[C]
sack    vt. 【口】開除;解僱

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