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or falling prices 13 Years ago Karma: 0  
, a Jeddah-based multilateral institution, set price guidance for a $1bn Islamic bond sale on Tuesday, a statement from the lead banks arranging the issue showed.
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Japan’s top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster. Bank of Japan Gov. Haruhiko Kuroda acknowledged Friday the need for careful handling of aggressive monetary policies aimed at breaking the world’s third-largest economy free of deflation, or falling prices, that has hobbled growth by slowing investment and consumer spending.
As with the other banks, most of the money set aside by Hapoalim was for individuals rather than for groups. While for most of the banks problem credit has risen since the start of the year, at Bank Hapoalim it has actually fallen slightly by 1%. This fall stems from a relatively aggressive classification of problem debt in 2011. This gives the bank some breathing room to raise this category despite the economic slowdown.
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