Jan 3, 2014

Kuroda chosen as 'Central Banker of the Year 2014'

Bank of Japan Gov. Haruhiko Kuroda has been named “Central Banker of the Year 2014″ for his “bold and decisive” style of carrying out ultraeasy monetary policy, the British financial magazine Banker said. “With his statesmanship he was able to pull such a bold ...

Jan 1, 2014

Bank of Japan likely to maintain easing policy, chief says

Bank of Japan Gov. Haruhiko Kuroda indicated the central bank will keep intact its current monetary easing policy in 2014 with prospects that the economy will continue to recover despite possible adverse impact from the consumption tax hike in April. In a recent interview, ...

Dec 31, 2013

Tokyo financial markets say they can withstand quakes

A powerful earthquake directly beneath central Tokyo could leave securities trading suspended, but only temporarily, according to a government panel looking into disaster preparations. While the Bank of Japan, the Tokyo Stock Exchange and the Japanese Bankers Association have business continuity plans in place ...

Deflation off slightly last month: data

Dec 27, 2013

Deflation off slightly last month: data

Consumer prices rose 1.2 percent last month, the fastest pace in five years, edging closer to the Bank of Japan’s 2.0 percent target in its war on deflation as Tokyo battles to reverse years of falling prices. But if volatile food and energy, by ...

Dec 26, 2013

Some on BOJ board see CPI gains cooling

Some Bank of Japan policymakers think the recent rise in consumer prices is likely to slow, and there are calls to provide a thorough explanation of how the BOJ intends to achieve its 2 percent inflation target, the minutes of their November policy meeting ...

Dec 20, 2013

BOJ stands pat on monetary easing policy

The Bank of Japan on Friday kept its ultraeasy monetary policy in place and left its assessment of the economy unchanged for the third month straight, describing it as “recovering moderately” amid improved corporate sentiment. After a two-day meeting, the nine-member Policy Board decided ...

Japan Inc. builds mountain of cash

Dec 20, 2013

Japan Inc. builds mountain of cash

by Toru Fujioka

Japanese companies’ cash holdings rose to a record last quarter, highlighting Prime Minister Shinzo Abe’s struggle to spur the investment and wage increases needed to end a 15-year deflationary malaise. Corporate holdings of cash and deposits rose to ¥224 trillion, up 5.9 percent from ...

Dec 18, 2013

BOJ to up loan facility by ¥1 trillion

The Bank of Japan is expected to expand a low-interest lending facility for industries, with a decision possible as soon as next month, sources familiar with the central bank’s discussions said. The program established by previous Gov. Masaaki Shirakawa in 2010 may be boosted ...

BOJ ultraeasy monetary policy may stay after '14

Dec 2, 2013

BOJ ultraeasy monetary policy may stay after '14

The Bank of Japan has not set a time limit on its ultraloose monetary policy, BOJ Gov. Haruhiko Kuroda said Monday, hinting that large-scale easing may be kept intact beyond its current policy effect projection up to the end of 2014. While the BOJ ...

Data signal deflation may be in mild retreat

Nov 29, 2013

Data signal deflation may be in mild retreat

The war on deflation got a boost in October with a key inflation indicator rising at its fastest pace in 15 years, new data showed Friday, as the government battles to reverse years of falling prices. Stripping out volatile food and energy prices, which ...