Jan 23, 2013

Top German banker slams Abe pressure on BOJ

Jens Weidmann, president of Germany’s central bank, has expressed concern about additional monetary easing steps taken by the Bank of Japan, citing it as an example of the government meddling in the central bank’s business. In a Monday speech posted on the Deutsche Bundesbank’s ...

Jan 23, 2013

BOJ agrees to uphold Abe's 2% inflation target

by Jun Hongo

The Bank of Japan on Tuesday adopted a 2 percent inflation target, caving in to pressure from Prime Minister Shinzo Abe, while calling for closer coordination and implementation of bold measures to fight deflation in a joint statement released with the government. In showing ...

Jan 22, 2013

BOJ looks set to back 2% inflation

The Bank of Japan is expected to modify its monetary easing campaign this week with a 2 percent inflation target after being driven into a political corner by Prime Minister Shinzo Abe, who has put priority on beating chronic deflation. But it remains to ...

Jan 19, 2013

Ministers hint BOJ warming to 2% inflation target

Members of Prime Minister Shinzo Abe’s Cabinet hinted Friday that the Bank of Japan is moving closer to setting a 2 percent inflation target in a joint statement on policy coordination aimed at conquering deflation. “Things are going in a good direction,” economic and ...

Hamada hits DPJ deflation inaction

Jan 19, 2013

Hamada hits DPJ deflation inaction

by Hiroko Nakata

Koichi Hamada, one of Prime Minister Shinzo Abe’s special advisers, on Friday condemned past governments led by the Democratic Party of Japan for not pressing the Bank of Japan to conduct enough monetary easing steps to fight the country’s prolonged deflation. “The failure of ...

Jan 17, 2013

Abe says his BOJ chief must be deflation foe

Prime Minister Shinzo Abe said Wednesday he wants the next Bank of Japan chief to fully understand his policies for battling chronic deflation and revitalizing the struggling economy. Economic and fiscal policy minister Akira Amari is set to attend the central bank’s Policy Board ...

Abe seeking monetary soulmate as next governor of BOJ

Jan 17, 2013

Abe seeking monetary soulmate as next governor of BOJ

by Jun Hongo

Having agreed on a ¥20 trillion economic stimulus package and a hefty ¥13.1 trillion supplementary budget, the next big task for Prime Minister Shinzo Abe and his Cabinet will be nominating the right person to head the Bank of Japan. Abe told reporters Wednesday ...