Jan 28, 2013

Inflation plan to show results in a year: Hamada

The 2 percent inflation target will produce positive effects in six to 12 months if the Bank of Japan continues to take appropriate measures toward that goal, says Koichi Hamada, an economic adviser to Prime Minister Shinzo Abe. In a recent interview, the professor ...

Jan 23, 2013

Top German banker slams Abe pressure on BOJ

Jens Weidmann, president of Germany’s central bank, has expressed concern about additional monetary easing steps taken by the Bank of Japan, citing it as an example of the government meddling in the central bank’s business. In a Monday speech posted on the Deutsche Bundesbank’s ...

Jan 19, 2013

Yen falls to lowest level in 2½ years

The dollar briefly topped the ¥90 line Friday morning in Tokyo for the first time in more than 2½ years and the Nikkei 225 average climbed nearly 3 percent to a 32-month high as expectations strengthened that the Bank of Japan will implement drastic ...