Aso to 'explain' BOJ's monetary easing to G-20

Apr 17, 2013

Aso to 'explain' BOJ's monetary easing to G-20

Finance Minister Taro Aso, who also serves as deputy prime minister, is arranging to meet with U.S. Vice President Joe Biden when he goes to Washington this week for a gathering of Group of 20 financial chiefs, government sources said Tuesday. Aso and Biden ...

BOJ ups assessment for all nine regions

Apr 16, 2013

BOJ ups assessment for all nine regions

The Bank of Japan on Monday raised its assessment of all regions for the first time since last July, citing a pickup in the global economy and resilient domestic demand, following its unprecedented easing measures. The central bank became more upbeat about all nine ...

Kuroda: BOJ easing not tied to two years

Apr 13, 2013

Kuroda: BOJ easing not tied to two years

Bank of Japan Gov. Haruhiko Kuroda said Friday the central bank will keep its aggressive quantitative easing policy in place until its 2 percent inflation target is achieved, hinting the monetary experiment may take more than two years to work. “It is not appropriate ...

Apr 12, 2013

Lagarde calls BOJ's easing 'positive step'

IMF Managing Director Christine Lagarde said the Bank of Japan’s recently announced new monetary easing is “a positive step.” In a speech Wednesday at the Economic Club of New York, the head of the International Monetary Fund noted the emergence of a “three-speed” global ...

Kuroda defends his major policy shakeup

Apr 11, 2013

Kuroda defends his major policy shakeup

by Jun Hongo

The impact of the dramatic monetary policies adopted last week by the Bank of Japan was “within expectations,” but the bank will keep a close watch on markets, BOJ Gov. Haruhiko Kuroda said Wednesday. Speaking during a joint interview with The Japan Times and ...

Apr 11, 2013

Focus shifts from yen, debt markets to tangible growth

Tokyo stocks have rallied to their highest levels in more than four years on an accelerated slide in both the yen and government bond yields triggered by the Bank of Japan’s aggressive monetary easing measures to prop up the economy. Market players are now ...

Apr 10, 2013

BOJ in March also thought to up easing

Bank of Japan decision-makers discussed further monetary easing steps, such as buying government bonds with longer maturities, at the Policy Board meeting chaired March 6 and 7 by then-Gov. Masaaki Shirakawa, the minutes showed Tuesday. Among other options raised by the board members were ...

Apr 9, 2013

BOJ starts bond buying under new easing policy

The Bank of Japan on Monday started the process of buying ¥1.2 trillion worth of long-term government bonds under its new monetary easing program to flood the financial markets with cash. The central bank plans to buy ¥6.2 trillion worth of government bonds with ...

Apr 7, 2013

BOJ policy 'quite dangerous': Soros

The bold monetary easing measures that have been adopted by the Bank of Japan to overcome deflation are “quite dangerous,” prominent U.S. investor George Soros said. “What Japan is doing is actually quite dangerous because they are doing it after 25 years of just ...

Abe hails BOJ easing steps; Aso cautious on inflation goal

Apr 6, 2013

Abe hails BOJ easing steps; Aso cautious on inflation goal

Prime Minister Shinzo Abe on Friday praised the Bank of Japan for its decision to introduce unprecedented monetary easing measures to fight chronic deflation, while Finance Minister Taro Aso warned the bank could face difficulty achieving its 2 percent inflation goal. “It is truly ...