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 ...

Mar 18, 2014

Analysts split on fiscal crisis timeline

by Masaaki Iwamoto

Economists are split over how long the government has to rein in the world’s biggest debt burden, a Bloomberg News survey shows, adding to a debate on whether the government should keep ratcheting up the sales tax. Eleven of 34 analysts said the government ...

No limits in monetary policy adjustment, Kuroda says

Mar 17, 2014

No limits in monetary policy adjustment, Kuroda says

Bank of Japan Gov. Haruhiko Kuroda says there are no limits for adjusting the bank’s current “quantitative and qualitative” easing regime introduced in April 2013, stressing there room for additional monetary easing. In an recent interview, Kuroda said: “We will adjust our monetary policy ...

Mar 14, 2014

Stubborn exports, capital spending worry some BOJ policymakers

A few of the Bank of Japan’s policymakers said future economic developments will depend on whether exports and capital investment can offset the decline in consumption expected after the sales tax is hiked on April 1, the minutes of their February policy meeting showed ...

Mar 11, 2014

BOJ maintains ultraeasy monetary policy, economic assessment

The Bank of Japan said Tuesday it will maintain its ultraeasy monetary policy and keep unchanged its assessment of the economy for the sixth consecutive month, saying it has “continued to recover moderately” based on the judgment that deflation is disappearing. After a two-day ...