Mar 25, 2013

Upcoming 'tankan' survey projected to be upbeat

The Bank of Japan’s quarterly “tankan” survey for March is expected to show that business sentiment among large manufacturers has improved for the first time in three quarters, according to estimates by 17 think tanks. The March survey, due on April 1, will be ...

Diet to confirm five-year term for BOJ's Kuroda

Mar 23, 2013

Diet to confirm five-year term for BOJ's Kuroda

New Bank of Japan Gov. Haruhiko Kuroda will appear before the Diet on Tuesday for a confirmation hearing to continue as central bank chief beyond the remaining term of his predecessor, lawmakers said Friday. Kuroda, a former Asian Development Bank president, has been appointed ...

Deflation foe Kuroda takes helm of BOJ

Mar 22, 2013

Deflation foe Kuroda takes helm of BOJ

by Jun Hongo

New Bank of Japan Gov. Haruhiko Kuroda reiterated his determination to end Japan’s decades-long deflation after officially being named to the position Thursday by Prime Minister Shinzo Abe. “I was told to do all I can and bring the Japanese economy out of deflation,” ...

Shirakawa exits after 'turbulent' BOJ term

Mar 20, 2013

Shirakawa exits after 'turbulent' BOJ term

by Jun Hongo

Departing Bank of Japan Gov. Masaaki Shirakawa expresses regret for not being able to end a decades-long struggle with deflation during his "turbulent" five years in office, but adds that he believes a recovery is possible.

Kuroda's team best for market: ex-banker

Mar 20, 2013

Kuroda's team best for market: ex-banker

Incoming Gov. Haruhiko Kuroda and his two deputies are the “right people” to lead the Bank of Japan because of their ability to convey the central bank’s intentions to investors, a former BOJ official said. “These are the right people, the appropriate people, for ...

Mar 20, 2013

ADB chief officially steps down after eight-year run

Asian Development Bank President Haruhiko Kuroda stepped down Monday after more than eight years of leading the Manila-based multilateral lending bank. The Diet last Friday approved the nomination of Kuroda as governor of the Bank of Japan. P. Chidambaram, who chairs the ADB Board ...

Mar 19, 2013

BOJ further shakes up regime as Amamiya returns from Osaka

Masayoshi Amamiya, head of the Bank of Japan’s Osaka branch, has returned to Tokyo after only a year to oversee policy planning at the central bank, adding to a leadership reshuffle under incoming Gov. Haruhiko Kuroda. Amamiya, 57, takes up his new job as ...

Kuroda rides in on high hopes, high-set bar

| Mar 16, 2013

Kuroda rides in on high hopes, high-set bar

by Jun Hongo

“Abenomics” looks ready to bloom just in time for spring, given the Diet’s approval Friday of Haruhiko Kuroda as the next governor of the Bank of Japan. As head of the central bank, Kuroda, currently president of the Asian Development Bank, will have vast ...

Mar 15, 2013

Kuroda gets Lower House nod for BOJ

The House of Representatives on Thursday approved the nomination of Asian Development Bank chief Haruhiko Kuroda for Bank of Japan governor, paving the way for a new team to take control of the central bank later this month. The opposition-controlled House of Councilors will ...

Mar 14, 2013

DPJ dissent insufficient to derail Iwata

Even though his nomination is opposed by the largest opposition party, Gakushuin University professor Kikuo Iwata appears to be a shoo-in to become a deputy governor of the Bank of Japan later this month, after the Diet holds its confirmation vote, likely Friday. The ...