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Former Fed chief Bernanke endorses BOJ's inflation goal

Former head of the U.S. Federal Reserve, Ben S. Bernanke, endorsed the Bank of Japan’s extraordinary easing measures to break free of persistent deflation and underlined the importance of coordinating monetary policy with fiscal stimulus. “Despite improvement in the Japanese economy, I think there’s still a strong case for the ...

Machinery orders rise in March for second straight month

/ May 17, 2017

Machinery orders rise in March for second straight month

Japan’s private-sector core machinery orders gained 1.4 percent in March from the previous month, up for the second consecutive month, helped by solid demand in the manufacturing sector that offset weakness in the nonmanufacturing sector, government data showed Wednesday. The orders, excluding those for ...

Kuroda 'quite sure' BOJ can smoothly withdraw stimulus

/ May 16, 2017

Kuroda 'quite sure' BOJ can smoothly withdraw stimulus

Bank of Japan Gov. Haruhiko Kuroda said he is “quite sure” the central bank can smoothly exit from its massive monetary stimulus when the appropriate time comes. But he also said the BOJ “always” has room to expand monetary stimulus to achieve its 2 ...

/ May 14, 2017

Shifting to FTA from TPP to halve economic benefits for U.S.

Shifting to a free trade agreement with Japan instead of staying with the Trans-Pacific Partnership pact will halve the long-term economic effect on the United States, an economist says. The activation of the original 12-member TPP, including the United States, would lift the country’s ...

/ May 13, 2017

Abe's team sends mixed signals on joining China-led AIIB

The idea of Japan joining the China-led Asian Infrastructure Investment Bank is finding renewed enthusiasm within the administration of Prime Minister Shinzo Abe, sources have said. The idea has advocates within the Prime Minister’s Office and the trade ministry, and is backed by Toshihiro ...