Jun 5, 2014

BOJ must be clear on inflation goal, policymaker says

A Bank of Japan policymaker said Thursday the central bank must “avoid any misunderstanding” in financial markets over its 2 percent inflation goal, underscoring that it is not pursuing higher prices without economic improvement. “What the price stability target aims to achieve is not ...

May 15, 2014

BOJ's Kuroda sees 'many ways' if further easing needed

Bank of Japan Gov. Haruhiko Kuroda said Thursday the central bank has “many ways” to further ease monetary policy to achieve its 2 percent inflation target, pledging to take any steps needed to reach the goal. “If the 2 percent inflation target is not ...

May 13, 2014

El Nino-induced weather raises concern at BOJ

Bank of Japan officials are concerned that cooler-than-normal weather triggered by El Nino will curb spending this summer and weigh on an economic rebound after April’s sales tax increase, according to people familiar with the matter. Bank officials are watching for potential weakening in ...

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 ...