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MarketScreener Homepage  >  Equities  >  Tokyo JASDAQ  >  Jason Co., Ltd.    3080   JP3386360006

JASON CO., LTD.

(3080)
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End-of-day quote. End-of-day quote Tokyo JASDAQ - 09/18
843 JPY   +6.98%
07/08JASON CO., LTD. : quaterly earnings release
06/12U.K. Economy Shrank 20% in April as Lockdown Hit -- Update
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06/12UK Economy Shrank By 20.4% in April Amid Coronavirus Lockdown
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UPDATE : BOE Posen: MPC Could Buy More Than Just Gilts

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02/02/2012 | 11:00am EDT

(Adds detail from third paragraph to end.)

 
   By Jason Douglas 
   Of  
 

The Bank of England could use its asset purchase program to support lending to small businesses, Bank of England policy maker Adam Posen said Thursday.

Posen, a member of the central bank's rate-setting Monetary Policy Committee, told a seminar on banking reform organized by the U.K. Trades Union Congress that the U.K. must "deepen and diversify" its financial infrastructure to support economic growth and the central bank could play a role in easing tight credit conditions by buying assets like corporate bonds.

"You can do monetary policy on things other than sovereign debt. You can do open market operations on things other than sovereign debt," Posen said. The MPC's asset purchase facility has focused almost entirely on U.K. government bonds, or gilts. The central bank has bought and sold some corporate bonds and other assets but with the aim of ensuring financial markets are functioning smoothly, not to ease credit conditions.

"It would not be the end of the world were the MPC to buy things other than gilts," Posen said.

Posen was talking in a personal capacity and his views don't necessarily represent those of the MPC, nor do his remarks suggest the central bank is poised to expand its asset purchase program beyond government bonds. Indeed, BOE Governor Mervyn King is opposed to such action, believing such interventions are better left to fiscal authorities.

Posen said U.K. policy makers can do more to boost the supply of credit to small and midsize firms starved of loans. In an attempt to address the scarcity of credit that is hindering companies' ability to expand and hire staff, Chancellor of the Exchequer George Osborne in November said the government would undertake a type of stimulus known as credit easing in order to channel billions of pounds to small businesses. The policy involves providing government guarantees to small business loans.

Posen said policy makers should also consider setting up a state-owned institution to package bundles of small business loans and sell them to investors. Other actions that would help ease the supply of credit could include standardizing loan applications and opening corporate bond markets to small firms, he said.

-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com

(Ainsley Thomson contributed to this article.)

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Financials
Sales 2020 24 368 M 233 M 233 M
Net income 2020 492 M 4,71 M 4,71 M
Net cash 2020 1 975 M 18,9 M 18,9 M
P/E ratio 2020 9,35x
Yield 2020 2,51%
Capitalization 10 800 M 103 M 103 M
EV / Sales 2019 0,16x
EV / Sales 2020 0,11x
Nbr of Employees 196
Free-Float 11,0%
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Managers
NameTitle
Masahiko Ota Chairman & President
Shigeyuki Saito MD, GM-Administration & Finance Manager
Shigeo Kamijo Director
Yukihiko Seno Independent Non-Executive Outside Director
Hitoo Yamada Director, GM-Planning & Manager-Corporate Planning
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