Jul 1, 2016

New BOJ member Masai warns about risks of excessive forex moves

The Bank of Japan’s new board member has warned that excessive moves in foreign-exchange markets pose risks for economic activity. “It’s undesirable for foreign-exchange rates to move by not reflecting economic fundamentals,” Takako Masai, the board member who officially joined the bank Thursday, said ...

Japan clobbered by weak inflation, businesss confidence

Jul 1, 2016

Japan clobbered by weak inflation, businesss confidence

Japan was clobbered with a one-two punch Friday morning as weak data and a lackluster business confidence report underscored the slowdown dragging on the world’s No. 3 economy. The poor readings will heap pressure on policymakers to unveil more stimulus, after the yen surged ...

Jun 29, 2016

Abe urges BOJ to ensure market liquidity after Brexit vote

Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of the economy turning in the wake of Britain’s shock vote to exit the European Union. “A sense of uncertainty ...

Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...

Jun 21, 2016

Some BOJ policymakers worried about negative rates, minutes show

Minutes from the Bank of Japan’s April policy meeting showed some members expressed misgivings over its negative interest rate policy. “A few members argued that the negative interest rate policy would impair the functioning of financial markets and financial intermediation as well as stability ...