Japan policymakers fearful of constantly dodgy data

Jan 9, 2016

Japan policymakers fearful of constantly dodgy data

Prime Minister Shigeru Yoshida joked almost 70 years ago that if Japan had kept better data, it might never have started a war with the U.S. His grandson, Finance Minister Taro Aso, worries about flawed statistics that could mislead economic policymakers today. While Japan ...

BOJ at critical juncture in monetary policy

Jan 5, 2016

BOJ at critical juncture in monetary policy

The Bank of Japan faces a crucial test this year for its monetary policy amid lingering uncertainty over prices. The central bank is now aiming for inflation of 2 percent “around the second half” of fiscal 2016, which starts in April, under its policy ...

Dec 24, 2015

Wrong-headed BOJ program

The Bank of Japan appears to be entering the realm of meddling — even indirectly — with business decisions by private-sector companies.

Dec 24, 2015

Abe, BOJ urge higher wages; businesses unconvinced

Prime Minister Shinzo Abe and Bank of Japan Gov. Haruhiko Kuroda on Thursday applied fresh pressure on companies to do their part in putting a sustained end to deflation by boosting wages and investment. But the head of the nation’s biggest business lobby offered ...

Dec 22, 2015

Most analysts' 2016 calls unaltered by BOJ's program tweaks

Most economists are sticking with their forecast on whether the Bank of Japan will add to its unprecedented monetary stimulus after Gov. Haruhiko Kuroda on Friday announced tweaks to the program, remaining sharply divided about what the central bank will likely do in 2016. ...

BOJ adjustments signal limits to monetary easing

| Dec 19, 2015

BOJ adjustments signal limits to monetary easing

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The policy adjustments announced by the Bank of Japan on Friday may indicate there are limits to the drastic monetary easing policy the central bank launched to stoke 2 percent inflation. The moves to increase the BOJ’s purchases of exchange-traded funds and broaden the ...