Japan close to beating deflation: BOJ deputy chief

Jul 23, 2014

Japan close to beating deflation: BOJ deputy chief

Japan is closer to conquering chronic deflation with monetary policy working as hoped, Bank of Japan Deputy Gov. Hiroshi Nakaso said Wednesday. “Japan’s economy is likely to achieve an inflation rate of about 2 percent in or around fiscal 2015, and thereafter gradually shift ...

Jul 22, 2014

FSA to boost bank, insurer oversight

The Financial Services Agency plans to integrate its inspection and supervisory policies to strengthen its oversight of banks, insurance firms and other financial institutions, according to informed sources. The agency will disclose the new policy by September, the sources said Monday. FSA officials in ...

Jul 18, 2014

BOJ concerned weak exports point to structural problem, minutes show

Bank of Japan policymakers have raised concerns about the nation’s slowing exports, with some citing “structural factors” that might not be addressed in the near term, according to the minutes of their meeting released Friday. The central bank’s nine-member Policy Board agreed that exports ...

Jul 15, 2014

BOJ stays the course toward 2% inflation

The Bank of Japan on Tuesday kept its record stimulus unchanged and forecast inflation will pick up to its 2 percent price target. The central bank stuck with its goal of an annual increase in the monetary base of between ¥60 trillion and ¥70 ...

BOJ expected to tweak economic estimates during policy meeting

Jul 14, 2014

BOJ expected to tweak economic estimates during policy meeting

The Bank of Japan on Monday began a two-day policy meeting to review its growth and inflation forecasts for moderate economic expansion despite the April consumption tax hike. Financial market participants also expect the Policy Board to maintain the BOJ’s ultraloose monetary policy to ...

Jul 7, 2014

BOJ sanguine on state of regional economies

The Bank of Japan said in a quarterly report Monday that the nation’s nine regional economies are still robust despite downward pressure from the April 1 consumption tax hike. The tax hike to 8 percent from 5 percent was expected to dent household and ...

Companies expect stable inflation to set in

Jul 2, 2014

Companies expect stable inflation to set in

Companies are forecasting sustained price gains, providing support for the Bank of Japan’s campaign to generate stable inflation. They forecast inflation of 1.5 percent per year, unchanged from three months ago, the BOJ reported Wednesday. Companies see prices rising 1.6 percent from a year ...

Jun 22, 2014

BOJ 'tankan' to show downturn in biz sentiment

Private think tanks expect the Bank of Japan’s “tankan” quarterly survey to June will show a deterioration in business sentiment among large manufacturers for the first time in six quarters. Among 16 think tanks, the average estimate on the headline diffusion index for large ...

Jun 19, 2014

BOJ exec shrugs off tax increase slowdown fears

A Bank of Japan policymaker Thursday shrugged off the possibility that the consumption tax hike on April 1 could significantly slow the economy, echoing the central bank’s bright projections. “Although being affected by strong demand before and a decline following (the April 1 tax ...