BOJ briefs foreign execs in English

JIJI

The Bank of Japan has started briefing sessions for foreign businesspeople in Japan on its economic outlook and monetary policy.

Hoping to promote understanding of the economy and the BOJ, officials have been holding briefings at the chambers of commerce of the United States, Canada and Britain in Tokyo since June.

The BOJ uses the session to explain in English its price stability goal and the current framework of its monetary policy, under which the bank buys assets, including Japanese government bonds.

Shuji Kobayakawa, a senior official at the bank’s Monetary Affairs Department, said foreign businesspeople rely on English-language newspapers but would like to hear directly from policymakers.

“Interactive communications with them are important,” he said.

The briefings have been well received.

The BOJ plans to hold similar sessions for businesspeople from France, Australia and New Zealand in late September.