Sep 12, 2012

Corporate cost-cutting leaves wages near crisis low

Corporate cost-cutting is dragging on wages, resulting in weaker consumer demand and a stronger case for monetary easing to counter deflation. Overall pay fell to ¥243.5 trillion in the second quarter, according to a government report Monday. The figure, which is seasonally adjusted, was ...

Mar 31, 2012

Output fall clouds recovery

Industrial production unexpectedly dropped in February, undercutting signs of an economic rebound in the first quarter as policymakers assess whether to apply further stimulus. Factory output slid 1.2 percent from the previous month, the Ministry of Economy, Trade and Industry said Friday, after a ...

Aug 5, 2011

Finance Ministry intervenes to stem gains in currency

Japan followed Switzerland in seeking to stem appreciating exchange rates that threatened to damage export competitiveness, selling the yen and pledging to inject ¥10 trillion ($126 billion) in funds into the economy. Japan acted alone in the market, while officials were in touch with ...

Further BOJ easing needed: IMF's Shinohara

Apr 15, 2011

Further BOJ easing needed: IMF's Shinohara

The Bank of Japan may need to provide further monetary stimulus if power shortages, supply chain disruptions and the nuclear crisis after the quake are prolonged, the International Monetary Fund’s No. 3 official said. “The risks to the economic outlook are firmly to the ...

Disaster agency eyed to oversee recovery

Mar 24, 2011

Disaster agency eyed to oversee recovery

A reconstruction agency may be created to oversee disaster repairs, while data showed the central bank pumped record liquidity into lenders as the nation grappled with its worst disaster since World War II. Chief Cabinet Secretary Yukio Edano told reporters the government will weigh ...

Numerical target eyed for fiscal austerity goal

Mar 25, 2010

Numerical target eyed for fiscal austerity goal

The government’s fiscal plan to be released by June may include a numerical goal for reducing the ratio of debt to gross domestic product, national strategy minister Yoshito Sengoku said. “We need to consider steadily reducing the accumulated long-term public debt relative to GDP ...

BOJ to Hatoyama: rein in debt

Feb 20, 2010

BOJ to Hatoyama: rein in debt

Bank of Japan Gov. Masaaki Shirakawa escalated pressure on Prime Minister Yukio Hatoyama to contain the world’s largest debt with a warning that investor “trust” won’t be assured in the aftermath of Greece’s budget woes. “It’s important to gain the trust of financial markets ...

| Aug 4, 2009

DPJ to support BOJ autonomy

Members of the Democratic Party of Japan said they will support the Bank of Japan’s independence if they win the election and govern for the first time. “We should respect the central bank’s independence on monetary policy,” Tsutomu Okubo, a director of the Upper ...

Jul 24, 2009

BOJ could ease rates under DPJ: analysts

The Bank of Japan would be able to raise interest rates more easily under a government controlled by the Democratic Party of Japan, increasing household savings and spending, economists said. Allowing borrowing costs to rise will help bolster returns on ¥1.400 quadrillion in financial ...

Stimulus called costly, short-term fix

| Apr 14, 2009

Stimulus called costly, short-term fix

The record ¥15.4 trillion stimulus package may give the economy a short-term boost, but leave it saddled with a debt burden that will smother future growth, economists have said. The plan unveiled Friday by Prime Minister Taro Aso, who faces a general election this ...