Jul 2, 2015

BOJ must achieve 2% inflation target, new board member Funo says

The Bank of Japan’s newest board member Yukitoshi Funo said the central bank must achieve its price target, indicating his support for Gov. Haruhiko Kuroda. “The 2 percent inflation target must be met” Funo, a former executive of Toyota Motor Corp., said in his ...

Jul 2, 2015

Firms forecast consumer prices to rise 1.4% over a year

Companies in Japan expect year-on-year inflation to hit 1.4 percent a year from now, the Bank of Japan said in a survey report Thursday. The estimate was unchanged from the previous survey three months ago, and cautious compared with the 2 percent increase the ...

Jul 1, 2015

Tankan shows unexpected improvement in manufacturer confidence

Sentiment among large manufacturers improved for the first time in three quarters in June, a Bank of Japan survey showed Wednesday, in a positive sign that runs counter to indications of a slowing economic recovery. The Tankan big manufacturer index rose to 15 from ...

Jun 19, 2015

Bank of Japan holds fire on stimulus as economy picks up

The slump in the yen isn’t reducing the Bank of Japan’s policy flexibility, Gov. Haruhiko Kuroda said Friday after the BOJ maintained its record monetary stimulus. After triggering the steepest rally in the currency this year on June 10, Kuroda told reporters at a ...

Pricy beef bowls show how to beat deflation

Jun 12, 2015

Pricy beef bowls show how to beat deflation

by Keiko Ujikane and Monami Yui

Restaurants, food producers and retailers are among a small but growing number of companies doing what few managed for long during Japan’s lost decades: raising prices. From beef bowl chain Matsuya Foods Co. to supermarket and convenience store operator Seven & I Holdings Co., ...

| Jun 10, 2015

Kuroda remark drives dollar to ¥123

The dollar slumped below ¥123 in Tokyo trading Wednesday, dragged down by Bank of Japan Gov. Haruhiko Kuroda’s remark taken as a warning against the yen’s excessive drop. After slipping below ¥122.50 briefly, the dollar stood at ¥122.68-70 at 5 p.m., down from ¥124.53-54 ...