Japan's economy shows some signs of picking up ...

The Bank of Japan introduces new stimulus to companies to revive the economy 

The Bank of Japan has released today its decision about the interest rate for the month of May, where the Japanese monetary policy makers have decided to keep the rates unchanged steady in a one of government's efforts to support the economy to exit from its hurdle phase.

Mr. Shirakawa, governor of the Bank of Japan and his board, decided to keep the benchmark interest rate to "virtually zero" a range of 0.0% to 0.10%, after the meeting of the bank, while this decision came compatible with anticipations which noted that.

The leaders of BOJ decided to leave the amount of asset-purchase fund at 10 trillion yen (120 billion American dollars) along with keeping the credit-loan program unchanged at 30 trillion yen to encourage the banks lending.

Moreover, the Bank of Japan noted that the economic recover will rebound during the second six months of the year, as the economy is facing a downward pressure during the first half after the March quake that caused to halt the production cycle, hurt the nation's exports, the main pillars for economic recovery in Japan.

Japan's government and The Bank of Japan are trying to help the economy to revive again after the massive crisis that damaged on March, while the Bank reported that it will introduce new appropriate fiscal policies when needed.

On the other hand, the Bank of Japan has introduced more of stimulus to support the companies that hurt from the massive quake, while it is to present new loans for the firms that without normal collateral.

This move from the BOJ is consider a positive method to promote economic recovery during once again during the second half of the year, and protect the world’s third-largest economy after data today showed corporate confidence plunged and the yen’s advance against the dollar threatens a nation still reeling from the March 11 disaster.

At the meantime, today Tokyo Electric Power (Tepco) Co. reported that the Japanese cabinet approved the Nuclear Disaster Compensation. Under this approval the company will prepare to compensate its losses. However, the company has a strategy plan to revive again after the government's approval.

Yet, as a cheerful data about the Japanese economy, the Bank of Japan has increase its monthly economic assessment for the first time since February, while the economy will return to a moderate recovery from the second half of the fiscal year through March 2012.