Shirakawa's BOJ finally joins coordinated action

Sep 22, 2008

Shirakawa's BOJ finally joins coordinated action

When the subprime crisis ran riot and U.S. and European central banks launched a series of coordinated assaults earlier this year, Bank of Japan Gov. Masaaki Shirakawa stood aside and merely released statements hailing his peers’ efforts. Thursday, however, the BOJ announced it would ...

May 29, 2008

Banks overconfident on subprime appraisals

While modesty has long been seen as a virtue in Japan, the nation’s major banks appeared to break free of the cultural constraint recently as they claimed that the worst of the subprime mortgage crisis is almost over — at least for them. However, ...

Apr 15, 2008

Shirakawa quick to dive into the deep end at G7

WASHINGTON (Kyodo) No toasts were raised, no flowers were handed out. Only the challenge of hard work awaited Bank of Japan Gov. Masaaki Shirakawa as he made his debut at a meeting of financial leaders from the Group of Seven major economies over the ...

Apr 14, 2008

Japan wants IMF to monitor sovereign wealth funds

WASHINGTON (Kyodo) Japan expressed hope Saturday that the International Monetary Fund will play a more active role in monitoring the movements of sovereign wealth funds because such an involvement of the international body would help minimize “protectionism” in countries receiving their investment. “We recognize ...

Oct 11, 2007

Grain importers told to prepare for worst

With grain markets growing increasingly tight amid declining crops in major exporting countries, import-dependent countries like Japan need a firm grasp of market trends and must brace themselves for the worst, according to the head of an intergovernmental market watcher. While pointing out there ...

Oct 2, 2007

Privatization ends postal savings safe haven

Will there be any changes in services at post offices under the just-started 10-year process of privatizing the postal system? There may be few big changes in the initial stage. But individual investors will at least have to rethink where they should put their ...

Jan 25, 2007

World must try harder to save tuna, U.N. says

KOBE (Kyodo) The international community must do a better job fighting illegal, unreported and unregulated fishing of tuna, a senior U.N. food agency official said. “What we really need would be more strong commitments by all states and stakeholders to implement . . . ...

TSE under pressure from global consolidation

Nov 14, 2006

TSE under pressure from global consolidation

The Tokyo Stock Exchange has been saying for some time that investors and listed companies could be the biggest winners in a global realignment of the world’s major stock exchanges, a shakeup that has been gathering pace, as seen in the TSE’s tieup talks ...

Ex-banker's novels help simplify investor jargon

Nov 9, 2006

Ex-banker's novels help simplify investor jargon

On a recent trip to the bookshop, two books with rather flashy jackets catch your eye. They appear to be out of place, perhaps abandoned in the best-seller area by a fickle customer. You pick them up almost without thinking, perhaps attracted by the ...

Markets show mixed reaction to Cabinet, press for reform

Sep 28, 2006

Markets show mixed reaction to Cabinet, press for reform

Financial markets want the Cabinet of Prime Minister Shinzo Abe to keep pushing the reforms promoted by Junichiro Koizumi, analysts say, but some fear the negative impacts of expected tax hikes and a deterioration in the government’s relations with the Bank of Japan. Market ...