Jul 7, 2016

Bank of Japan cuts assessment of two regional economies

The Bank of Japan downgraded its economic assessment of two of the country’s nine regions on Thursday, citing damage caused by the Kyushu earthquakes in April and slowing personal consumption amid falling share prices. The central bank downgraded its assessment of the Chugoku region ...

BOJ to discuss cutting inflation forecasts after dismal data

Jul 4, 2016

BOJ to discuss cutting inflation forecasts after dismal data

In light of recent dismal data on prices, the Bank of Japan is expected to discuss cutting its inflation forecasts at its next monetary policy meeting, scheduled for July 28 and 29. The central bank will possibly lower its inflation projection for this fiscal ...

Jul 4, 2016

Japan's monetary base hits new high in June

Japan’s monetary base rose to a record high in June for the seventh straight month, as the Bank of Japan continued to provide more liquidity to bolster inflation, BOJ data showed Monday. The monetary base at the end of the month stood at ¥403.94 ...

Jul 1, 2016

New BOJ member Masai warns about risks of excessive forex moves

The Bank of Japan’s new board member has warned that excessive moves in foreign-exchange markets pose risks for economic activity. “It’s undesirable for foreign-exchange rates to move by not reflecting economic fundamentals,” Takako Masai, the board member who officially joined the bank Thursday, said ...

Japan clobbered by weak inflation, businesss confidence

Jul 1, 2016

Japan clobbered by weak inflation, businesss confidence

Japan was clobbered with a one-two punch Friday morning as weak data and a lackluster business confidence report underscored the slowdown dragging on the world’s No. 3 economy. The poor readings will heap pressure on policymakers to unveil more stimulus, after the yen surged ...

Jun 29, 2016

Abe urges BOJ to ensure market liquidity after Brexit vote

Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of the economy turning in the wake of Britain’s shock vote to exit the European Union. “A sense of uncertainty ...

Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...