Feb 5, 2015

Abe boosts Kuroda reflation effort with BOJ board nomination

by Toru Fujioka

The Abe administration has nominated a proponent of reflationary monetary policy for the central bank’s board, buttressing Gov. Haruhiko Kuroda’s effort to end a two-decade slump in the world’s third-biggest economy. The government proposed economist Yutaka Harada to replace Ryuzo Miyao, whose term ends ...

Jan 26, 2015

BOJ's 2% inflation target may prove elusive in 2015

by Shinya Ajima

When Bank of Japan Gov. Haruhiko Kuroda met the press last week after the BOJ’s policy meeting, he effectively admitted the central bank may miss what the market perceives as its deadline of next fiscal year for achieving 2 percent inflation to revive the ...

Jan 13, 2015

BOJ may raise its fiscal 2015 growth projection

The Bank of Japan is considering raising its projection for the country’s economic growth for fiscal 2015, taking into account the postponement of an additional consumption tax hike and the favorable impact of falling oil prices, informed sources said Tuesday. The BOJ is scheduled ...

Dec 26, 2014

Inflation, industrial output weakened in November

The inflation rate eased slightly in November as household spending dropped, hindering the Abe administration’s effort to get the economy out of recession and back to sustainable growth. Government data released Friday showed core consumer prices, excluding food, rose 2.7 percent, marking the 18th ...

Dec 25, 2014

Services producer price index rose 3.6% in November

The services producer price index rose 3.6 percent in November from a year before, up for the 17th consecutive month, the Bank of Japan said Thursday. The index, previously called the tertiary or corporate services price index, stood at 102.9 against 100 for the ...