Apr 21, 2006

BOJ staff seen traveling on cheap, getting reimbursed in full

The Bank of Japan has overpaid on domestic air travel expenses claimed by many of the 2,150 employees at its head and branch offices since fiscal 1999, officials admitted Thursday after the Board of Audit reportedly ordered it to correct the practice. The overpayment ...

Apr 4, 2006

Manufacturers' confidence takes surprising drop

Confidence among major manufacturers dropped unexpectedly — albeit slightly — in the first quarter of the year due to high oil prices, marking the first decline in four quarters, according to the Bank of Japan’s closely watched “tankan” survey released Monday. However, despite a ...

Apr 1, 2006

Fuel spike helped push February CPI up 0.5%

The February core consumer price index rose 0.5 percent to 97.6 from a year ago, compared with the 100-point benchmark for 2000, the government announced Friday, marking the index’s fourth consecutive year-on-year increase. The Internal Affairs and Communications Ministry attributed the rise in the ...

Mar 18, 2006

Softbank will buy Vodafone K.K.

Softbank Corp. said Friday it has reached an agreement with Vodafone Group PLC to buy 97.7 percent of its Japanese unit for 1.75 trillion yen in a move that will allow it to acquire Vodafone K.K.’s 15 million users and its nationwide mobile communications ...

Mar 10, 2006

What will policy shift spell?

The Bank of Japan on Thursday decided to end its ultraeasy monetary policy. Following are questions and answers about the change at the central bank. What is the ultraloose monetary policy and why was it introduced? The so-called quantitative monetary easing policy was introduced ...

Mar 10, 2006

BOJ lifts ultraloose policy

The Bank of Japan on Thursday ended its five-year-old ultraloose monetary policy, brushing aside concerns in the Cabinet and the ruling coalition that the nation has not yet overcome years of deflation. In announcing the policy shift, the central bank also pledged to anchor ...

Mar 4, 2006

CPI registers third increase in a row

In a move expected to push the Bank of Japan to start specific debate on ending its ultraeasy monetary policy next week, the government said Friday the January core consumer price index rose 0.5 percent from a year before, marking the third consecutive year-on-year ...

Feb 21, 2006

Takebe may file slander suit over e-mail allegation

Liberal Democratic Party Secretary General Tsutomu Takebe refused Monday to rule out the possibility of suing Hisayasu Nagata, a lawmaker from the Democratic Party of Japan, over his allegation that Takebe’s second son had shady financial connections with jailed Livedoor Co. founder Takafumi Horie. ...

Jan 26, 2006

LDP, DPJ both red-faced for wooing Horie

A war of words erupted between senior officials of the Liberal Democratic Party and the Democratic Party of Japan over both parties’ wooing of now-arrested Livedoor Co. founder Takafumi Horie to run in the Sept. 11 general election. The exchange was triggered Tuesday when ...