Feb 8, 2013

Lawmakers huddle to revise BOJ Law

by Ayako Mie

Like-minded lawmakers across party lines have kicked off discussions toward amending the Bank of Japan Law to effectively lessen the central bank’s independence and hold it more accountable for its monetary policy. “The 1998 BOJ Law gave the bank too much independence and freedom, ...

Shirakawa hastens exit as Abe pushes for stimulus

| Feb 7, 2013

Shirakawa hastens exit as Abe pushes for stimulus

Bank of Japan Gov. Masaaki Shirakawa’s planned early exit, almost three weeks before his term runs out, will accelerate a leadership transition that is likely to aid Prime Minister Shinzo Abe’s campaign for aggressive easing, analysts say. Shirakawa, 63, said Tuesday he will exit ...

Feb 1, 2013

BOJ to mull further monetary easing if necessary

The Bank of Japan it will consider easing its monetary grip further if necessary to attain the target of 2 percent inflation as early as possible, BOJ Deputy Gov. Hirohide Yamaguchi said Thursday. “It could be the case that further accommodation will be pursued, ...

Kuroda ADB exit poses no problems

Jan 30, 2013

Kuroda ADB exit poses no problems

Asian Development Bank President Haruhiko Kuroda can become Bank of Japan governor without his nation losing its grip on the Manila-based organization, according to the head of the ADB’s think tank. “Japan and the U.S. are still the largest shareholders and the U.S. has ...

Jan 30, 2013

BOJ opposed inflation target in '02

An overwhelming majority of Bank of Japan policymakers in 2002, including then-Gov. Masaru Hayami, opposed introducing an inflation target, the minutes of a policy meeting covering July to December 2002 showed Tuesday. “Such a policy is not appropriate, as it would expose the economy ...

Jan 28, 2013

Inflation plan to show results in a year: Hamada

The 2 percent inflation target will produce positive effects in six to 12 months if the Bank of Japan continues to take appropriate measures toward that goal, says Koichi Hamada, an economic adviser to Prime Minister Shinzo Abe. In a recent interview, the professor ...

Jan 25, 2013

Shirakawa says BOJ alone can't attain inflation target

by Jun Hongo

Reaching the newly adopted 2 percent inflation target will require a “substantial effort,” including government policies that will boost economic growth, Bank of Japan Gov. Masaaki Shirakawa said Friday. Pointing out that the economy has averaged about 0.5 percent inflation over the last 20 ...

Abe keeps options open on BOJ law, TPP, vows Fukushima help

Jan 25, 2013

Abe keeps options open on BOJ law, TPP, vows Fukushima help

The government is still looking to revise the Bank of Japan Law to ensure the central bank keeps easing monetary policy and helps revive the country’s economy struggling under deflation, Prime Minister Shinzo Abe said Thursday. Given the need for continued bold monetary easing, ...