Apr 30, 2014

BOJ cuts economic growth forecast, retains inflation target

Bank of Japan policymakers on Wednesday cut their economic growth expectations as tepid data and the April 1 sales tax rise fuel fears about the strength of the economy’s recovery. The downgraded forecasts are likely to boost speculation of more monetary easing, with BOJ ...

Apr 21, 2014

Firms shifting production back to Japan

Manufacturers appear to be moving production back to Japan while the yen remains weak and labor costs rise abroad. If the trend results in an increase in domestic capital spending, it will benefit the economy, which is taking a blow from the first stage ...

Apr 16, 2014

Shijuro Ogata, ex-BOJ exec who witnessed Plaza Accord, dies at 86

Shijuro Ogata, who as Bank of Japan executive director witnessed the historic 1985 Plaza Accord of economic policy coordination among major nations, died of heart failure Monday, it was learned Wednesday. He was 86. His wife is Sadako Ogata, a former U.N. high commissioner ...

Apr 11, 2014

BOJ policymakers expect exports to stay weak

Some Bank of Japan policymakers said exports may remain weak in the future as companies continue to shift production bases abroad and overseas demand wanes, the minutes of the central bank’s March policy meeting showed Friday. The nine-member Policy Board shared the view that ...

Kuroda eyes yen-weakening action

| Apr 9, 2014

Kuroda eyes yen-weakening action

by Masaki Kondo and Yumi Ikeda

Bank of Japan Gov. Haruhiko Kuroda has shown that a single unprecedented expansion of monetary policy has more impact than a series of smaller steps, and economists say he’s preparing to prove it again. The yen has tumbled almost 9 percent since Kuroda doubled ...

Apr 8, 2014

BOJ stays policy course, aware of sales tax hike hit

by Atsushi Kodera

The Bank of Japan on Tuesday left its ultra-loose monetary policy unchanged, while acknowledging the consumption tax hike introduced this month will have a negative impact on the economy. During a two-day meeting that ended Tuesday, the nine-member Policy Board unanimously decided to maintain ...

Apr 3, 2014

Cash-rich firms spurn banks' offers

by Keiko Ujikane

Banks are the most keen to lend companies money in 17 years. Corporate treasurers don’t need the cash. The Bank of Japan’s “tankan” business confidence index released Tuesday showed that the prevalence of midsize companies saying banks are willing to lend to them rose ...

Apr 2, 2014

Companies see prices rising by 1.5%: BOJ

Companies are expecting consumer prices to rise at an average rate of 1.5 percent year-on-year, a Bank of Japan survey showed Wednesday, falling short of the central bank’s inflation target of 2 percent. The companies also said they expect prices to rise 1.7 percent ...

Tax hike, Crimea cloud economy

| Mar 29, 2014

Tax hike, Crimea cloud economy

The first sales tax hike in 17 years and the ongoing geopolitical crisis over Crimea could turn into a double-whammy for Japan's fragile economic revival.

Economy on track to attain 2% inflation goal: BOJ chief

Mar 22, 2014

Economy on track to attain 2% inflation goal: BOJ chief

Bank of Japan Gov. Haruhiko Kuroda has repeated his determination to follow through on the central bank’s pledge nearly a year ago to raise consumer prices by 2 percent year on year. “We have been taking a stance of doing whatever we can” to ...