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Toru Fujioka

For Toru Fujioka's latest contributions to The Japan Times, see below:

Jul 27, 2015

Japan's economy shrank last quarter, top forecaster says

The Japanese economy likely contracted last quarter, dragged down by weak consumer spending and a slump in exports, according to a top forecaster. The world’s third-biggest economy may have shrank as much as an annualized 2.5 percent, said Yoshiki Shinke of Dai-ichi Life Research ...

Bank of Japan maintains record stimulus, trims inflation outlook

Jul 15, 2015

Bank of Japan maintains record stimulus, trims inflation outlook

The Bank of Japan’s unprecedented monetary stimulus can drive inflation to its 2 percent target, Gov. Haruhiko Kuroda said as the bank left its policy unchanged and trimmed its price outlook. A slowdown in Japan’s economy is unlikely to continue this quarter while inflation ...

BOJ's 2015 stimulus reluctance spurs debate over tapering

Jun 24, 2015

BOJ's 2015 stimulus reluctance spurs debate over tapering

With its reluctance to add to record monetary stimulus even as inflation remains well below its target, the Bank of Japan has stoked speculation about it scaling back its asset purchases as soon as early 2016. Economists in recent weeks have been re-examining the ...

Kuroda ally says yen's excessive strength now corrected

Jun 4, 2015

Kuroda ally says yen's excessive strength now corrected

The excessive strength in the yen that damaged Japanese manufacturing in recent years has now been corrected, according to an ally of Bank of Japan Gov. Haruhiko Kuroda. “The abnormally strong yen has been corrected,” said Yutaka Harada, who joined the central bank’s Policy ...

May 29, 2015

BOJ inflation gauge slows to zero as oil weighs

The Bank of Japan’s main gauge of inflation slowed to zero, as cheaper oil prices counter Gov. Haruhiko Kuroda’s effort to reflate the economy. Consumer prices excluding fresh food and effects of last year’s consumption tax increase were unchanged in April from a year ...

BOJ refrains from boosting stimulus after growth picks up

May 22, 2015

BOJ refrains from boosting stimulus after growth picks up

The Bank of Japan refrained from increasing monetary stimulus, as Gov. Haruhiko Kuroda bets on stronger growth fueling inflation that is one-tenth the BOJ’s target. The central bank will continue to boost the monetary base at an annual pace of ¥80 trillion, it said ...

Soccer still a refuge for BOJ staff

Apr 15, 2015

Soccer still a refuge for BOJ staff

The Bank of Japan officials huddle: they’re planning a counterattack. It’s half-time, on a balmy Saturday afternoon in October on a soccer field in Machida, western Tokyo, and the central bank’s team has just seen their 1-0 lead vanish with an equalizer by Japan ...