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Toru Fujioka

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

BOJ holds course as analysts delay action calls

Jun 13, 2014

BOJ holds course as analysts delay action calls

The Bank of Japan on Friday raised its view of overseas economies while maintaining unprecedented stimulus launched as part of BOJ Gov. Haruhiko Kuroda’s bid to stoke 2 percent inflation in two years. The central bank will continue to expand the monetary base at ...

May 1, 2014

Assured BOJ foils analysts' predictions

The confidence that Bank of Japan officials are demonstrating in achieving their inflation target is lowering the chances of additional monetary easing this year even as the economy weakens. Consumer prices excluding fresh food but not energy will increase 1.9 percent in the fiscal ...

Higher prices risk 'Abenomics' backlash

| Apr 14, 2014

Higher prices risk 'Abenomics' backlash

Prime Minister Shinzo Abe’s bid to vault Japan out of 15 years of deflation risks losing public support by spurring too much inflation too quickly as companies add extra price increases to this month’s sales tax bump. Businesses from Suntory Beverage and Food Ltd. ...

Japan Inc. builds mountain of cash

Dec 20, 2013

Japan Inc. builds mountain of cash

Japanese companies’ cash holdings rose to a record last quarter, highlighting Prime Minister Shinzo Abe’s struggle to spur the investment and wage increases needed to end a 15-year deflationary malaise. Corporate holdings of cash and deposits rose to ¥224 trillion, up 5.9 percent from ...

Abe's return could ease yen, aid exporters

Dec 22, 2012

Abe's return could ease yen, aid exporters

The economy has shrunk almost 10 percent in the half decade since Shinzo Abe was last prime minister, as a soaring yen hollows out manufacturing. Abe’s return may be exporters’ best chance yet to halt the damage. Abe’s calls for unlimited central bank liquidity ...

Jun 13, 2012

Stimulus advocates tapped for BOJ slots

The government has nominated two economists to the Bank of Japan’s Policy Board who have previously signaled support for stimulus, underscoring forecasts for policy makers to expand asset purchases in coming months. Prime Minister Yoshihiko Noda’s administration on Monday tapped Takahide Kiuchi of Nomura ...

Mar 26, 2011

Shirakawa snubs '30s-style JGB-buying for rebuilding

Bank of Japan Gov. Masaaki Shirakawa is under fire for refusing to consider 1930s-style purchases of government bonds to fund reconstruction from the nation’s largest earthquake on record. Shirakawa repeatedly attempted to quash direct buying of government debt, a step allowed in extraordinary circumstances ...

Jun 17, 2010

Kan may need ¥7 trillion tax hike

Prime Minister Naoto Kan may have to raise taxes by as much as ¥7 trillion to fulfill his pledge to cap bond sales in coming years, according to an independent adviser to the government. Kan has committed to holding new bond sales to ¥44.3 ...

JBIC vows to help companies regain global edge

Apr 15, 2010

JBIC vows to help companies regain global edge

The Japan Bank for International Cooperation will take more risks to help companies win overseas projects after they lost bids in Abu Dhabi and Vietnam, the head of the state-run lender said. “We are going to take risks that cannot be taken by the ...