Anybody to look at my English, please

Question

Hello!I would like to ask kindly if you could look at the text I have written in English and correct any mistakes. Don't get scared, I worked hard on it, so there should not be many mistakes. But only you can tell. There are 2 business names at the end, and I don't know if I should translate them too. RIF would be Restitution Investment Fund, PB would be Post Bank. I am looking forward to your answer. Here is the text:The Bank of Japan (BOJ) has announced that it will not change its monetary policy; however, it plans to take steps to restore the soundness of the banking sector. The BOJ is under pressure from the government which requires the bank’s help to overcome deflation. The bank will continue to implement easy money policy maintaining the target of JPY 10-15 trillion for the outstanding balance of the current account deposits. The bank has undertaken to provide necessary liquidity even above the target for the outstanding balance of the current account deposits should there be a risk of financial markets instability.The current account deposits comprise the banks’ reserves and the reserves of the other financial institutions such as brokerage firms. According to the BOJ, stock price fluctuations and financial markets instability have the potential to disrupt the economy and therefore it is essential to monitor their development closely. The central bank has come under political pressure since the ’s Nikkei index plunged below the key 9,000 level, a 19-year low. Japanese banks, which have to prepare the first fiscal half-year financial statements by September 30, will have to write off the value of the depreciated shareholdings. The central bank considers introducing extra-low-interest loans that will be guaranteed by the government. The central bank has already managed to lower the money market interest rate nearly to a zero level. The basic overnight rate is now at the 0.002% level.Penta’s stake in the Restitucny investicny fond’s () share capital increased again from 8.65% to 15.89% when approximately a 7.2% stake came back from a joint-stock company Postova banka (PB) within the settlement of the repo trade. On the contrary, PB’s stake decreased to 3.2%. It results from yesterday’s (September 18) account statement from the . The first repo trade was already executed on the Bratislava Stock Exchange on August 15 and 158,248 ’s shares in total were traded at SKK  share that time.

Doll · Accepted Answer

. The BOJ is under pressure from the government which requires ~~the bank’s~~ the help of the bank ~~help~~ to overcome deflation. The bank has undertaken to provide necessary liquidity even above the target for the outstanding balance of the current account deposits ~~should there~~ be in case of a ~~risk of~~ financial markets instability risk.

The current account deposits comprise the ~~banks’~~ reserves of the banks and the reserves of the other financial institutions such as brokerage firms. . The central bank has come under political pressure since the ~~Tokyo’s~~ Nikkei index of Tokyo plunged below the key 9,000 point level, a 19-year low.

~~Penta’s~~ The stake of Penta in the fond of Restitucny investicny wrong word ~~fond’s (RIF)~~ at first write the long name share capital increased again from 8.65% to 15.89% when approximately a 7.2% stake came back from a joint-stock company, Postova banka (PB), within the settlement of the repo trade. On the contrary, the ~~PB’s~~ stake of PB decreased to 3.2%. It results from ~~yesterday’s (September 18)~~ the account of yesterday's statement from the Securities Center. The first repo trade was already executed on the Bratislava Stock Exchange I am not sure of the underlined sentence on August 15 and shares of 158,248 RIF’s ~~shares~~ in total were traded at SKK 720 a share that time. I didn't understand the underlined sentence.

StanoG · Answer

Hi Doll,

I didn't expect to make so many mistakes. Are you sure all that you've marked is wrong? It's mostly apostrophes though. I'm not that bad. Am I?

So, the most pink sentence should be:

The stake of Penta in the fund of Restitucny investicny (RIF) share capital increased again...(moreover, you crossed out RIF and deleted past tense from increased, why?)

It results from the account of yesterday's statement from the Securities Center...(I need to include September 18 as a date! The sentence shuold have this meaning: It is shown in an account statement from the Securities Center - eg. just like you can see items in your bank statement.)

The underlined sentence is just trying to say the first repo trade took place that day at a price of SKK 720 per share that day.

Doll · Answer

Hello,

Of course I might be mistaken. If you can't be sure wait for a native speaker.

StanoG · Answer

I thought you were a native speaker, and was wondering what you're doing in Turkey.

Thanks for your help though.

I will wait for a native speaker. [O]

StanoG · Answer

Is there any NATIVE SPEAKERwho would look at the text I have posted here?

Feebs11 · Answer

There are 2 business names at the end, and I don't know if I should translate them too. RIF would be Restitution Investment Fund, PB would be Post Bank. As the names of companies, it is not necessary to translate them.

The Bank of Japan (BOJ) has announced that it will not change its monetary policy; however, it plans to take steps to restore the soundness of the banking sector. The BOJ is under pressure from the government, which requires the bank’s help to overcome deflation. The bank will continue to implement easy money policy, maintaining the target of JPY 10-15 trillion for the outstanding balance of the current account deposits. The bank has undertaken to provide necessary liquidity even above the target for the outstanding balance of the current account deposits should there be a risk of financial markets instability.[instability in the financial markets]

The current account deposits comprise the banks’ reserves and the reserves of the other financial institutions such as brokerage firms. According to the BOJ, stock price fluctuations and financial markets instability have the potential to disrupt the economy and therefore it is essential to monitor their development closely. The central bank has come under political pressure since ~~the~~ ’s Nikkei index plunged below the key 9,000 level, a 19-year low. Japanese banks, which have to prepare their first fiscal half-year financial statements by September 30, will have to write off the value of the depreciated shareholdings. The central bank considers [is considering] introducing extra-low-interest loans that will be guaranteed by the government. The central bank has already managed to lower the money market interest rate nearly to a zero level. The basic overnight rate is now at the 0.002% level.

Penta’s stake in the Restitucny investicny fond’s () share capital increased again from 8.65% to 15.89% when approximately a 7.2% stake [an approximate 7.2% stake] came back from a joint-stock company, Postova banka (PB), within the settlement of the repo trade. On the contrary, [Do you mean"As a result"?] PB’s stake decreased to 3.2%. It results [What results from this?]from yesterday’s (September 18) account statement from the . The first repo trade was already executed on the Bratislava Stock Exchange on August 15 and 158,248 RIF shares in total were traded at SKK share that time.[at that time]

My suggestions - otherwise writing seems fine.

StanoG · Answer

Hi Feebs,

Thank you very much for your help!

I also posted an article here on September 1, but I haven't received any reply so far. Maybe it's because I posted it when I wasn't signed in.

Could you, please, take a look at it if you have time? Or, should I post it again?

Feebs11 · Answer

It will be better to repost with your username on it.

StanoG · Answer

Hi, I'm reposting the mentioned text:

Survey: People Have a Feeling That Price Increase Is Much Higher Than It Really Is

People Think They Are Worse Off Than They Really Are

People’s ideas of how the cost of living increases are quite different from reality. People have a feeling the prices increased by 35% in January; in fact they went up by 5%. People considered last year’s price increase, which was one of the lowest, 5 times higher.

Unemployment was estimated in a little bit more realistic view. The real figure was 19.2% in January, whereas people guessed 25% in average. People’s opinions were found by a survey of INEKO Institute.

The realistic view was obtained only from every 9 responses. Even in the most optimistic group of people, which was represented by the young, the university-educated, businessmen, and citizens of large cities, only about 16-20% estimates were accurate. This distorted view of reality influences both people’s feelings and their growing dissatisfaction, and moreover, “has a negative impact on the economy,” said Gabriel Sipos from INEKO Institute.

The psychologist Zuzana Jarossova says people are already born with a certain ‘amount’ of pessimism. “A born pessimist unconsciously organizes his/her life in an unsuccessful way and the loss he/she is expecting will be eventually brought about,” says Jarossova. Pessimism appeared right after 1989, according to Michal Vasecka, a sociologist and analyst of . It is connected with the challenges brought by the new era.

Another reason is that we compare Slovakia with the most developed countries and not with those that are at the same level, for example with . The fact that “the rest of the world often considers us as a country which is even at a lower level than plays another role. This persuades Slovaks that there is something wrong,” says Vasecka.

Sipos also blames media for this ‘bad’ mood. “The mass media form people’s behavior and expectations. It concentrates too much on the 20% unemployment, but says nothing at all about the inflation,” he said.

He said the extent of pessimism was not almost influenced by economic measures from the beginning of this year. “In January, 85% of the respondents considered the economic situation of 2002 as worse or the same as in 2001. Similarly, it was estimated this way in October 2002, before the new government measures were introduced,” he explained. Even the growth of the real income, which was the highest in the last 5 years, did not influence the pessimism of the public.

Feebs11 · Answer

StanoGHi, I'm reposting the mentioned text:

Survey: People Have a Feeling That Price Increase Is Much Higher Than It Really Is

People Think They Are Worse Off Than They Really Are

People’s ideas of how the cost of living increases [Do you mean their ideas about what contitutes cost of living increases, or how these increases affect them?] are quite different from reality. People have a feeling the prices increased by 35% in January; in fact they went up by 5%. People considered last year’s price increase, which was one of the lowest[ [lowest what? lowest on record/lowest for ten years/lowest for two years - you need to be specific] , 5 times higher.

Unemployment was estimated in a little bit more realistic view. The real figure was 19.2% in January, whereas people guessed 25% in average. People’s opinions were found by[These results come from ] a survey of [conducted by] INEKO Institute.

The realistic view was obtained only from every 9 responses. Even in the most optimistic group of people, which was represented by the young, the university-educated, businessmen, and citizens of large cities, only about 16-20% estimates were accurate. This distorted view of reality influences both people’s feelings and their growing dissatisfaction, and moreover “has a negative impact on the economy,” said Gabriel Sipos from INEKO Institute.

The psychologist Zuzana Jarossova says people are ~~already~~ born with a certain "amount" of pessimism. “A born pessimist unconsciously organizes his/her life in an unsuccessful way and the loss he/she is expecting will be eventually brought about,” says Jarossova. Pessimism appeared right after 1989, according to Michal Vasecka, a sociologist and analyst of at the . It is connected with the challenges brought by the new era.

Another reason is that we compare Slovakia with the most developed countries and not with those that are at the same level, for example with . The fact that “the rest of the world often considers us as a country which is at an even lower level than plays another role. This persuades Slovaks that there is something wrong,” says Vasecka.

Sipos also blames media for this "bad" mood. “The mass media form people’s behavior and expectations. It [You have made it plural in the previous sentence - consistency would require either "mass media forms " and "it concentrates" or "mass media form" and "they concentrate"]. I suggest you keep "mass media" as a collective noun"]concentrates too much on the 20% unemployment, but says nothing at all about the inflation,” he said.

He said the extent of pessimism was not almost [much] influenced by economic measures from the beginning of this year. “In January, 85% of the respondents considered the economic situation of 2002 as worse or the same as in 2001. Similarly, it was estimated this way in October 2002, before the new government measures were introduced,” he explained. Even the growth of the real income, which was the highest in the last 5 years, did not influence the pessimism of the public.

Anybody to look at my English, please

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