Apr 10, 2013

BOJ in March also thought to up easing

Bank of Japan decision-makers discussed further monetary easing steps, such as buying government bonds with longer maturities, at the Policy Board meeting chaired March 6 and 7 by then-Gov. Masaaki Shirakawa, the minutes showed Tuesday. Among other options raised by the board members were ...

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 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 8, 2013

Nation on 'right path' to beat deflation, Shirakawa says

by Jun Hongo

Departing Bank of Japan Gov. Masaaki Shirakawa said Thursday that the country is on the “right path” to ending its decades-long deflation. The bank upgraded its assessment of the domestic economy at its Policy Board meeting, likely the last for Shirakawa, who is stepping ...

Jan 19, 2013

Ministers hint BOJ warming to 2% inflation target

Members of Prime Minister Shinzo Abe’s Cabinet hinted Friday that the Bank of Japan is moving closer to setting a 2 percent inflation target in a joint statement on policy coordination aimed at conquering deflation. “Things are going in a good direction,” economic and ...

Jan 17, 2013

Abe says his BOJ chief must be deflation foe

Prime Minister Shinzo Abe said Wednesday he wants the next Bank of Japan chief to fully understand his policies for battling chronic deflation and revitalizing the struggling economy. Economic and fiscal policy minister Akira Amari is set to attend the central bank’s Policy Board ...

Abe seeking monetary soulmate as next governor of BOJ

Jan 17, 2013

Abe seeking monetary soulmate as next governor of BOJ

by Jun Hongo

Having agreed on a ¥20 trillion economic stimulus package and a hefty ¥13.1 trillion supplementary budget, the next big task for Prime Minister Shinzo Abe and his Cabinet will be nominating the right person to head the Bank of Japan. Abe told reporters Wednesday ...