Feb 12, 2015

Wholesale prices logged sharpest fall in four years in January

Wholesale prices dropped 2.4 percent year on year in January, excluding the impact of last April’s consumption tax hike, to mark the fastest fall in four years as crude oil prices continued to fall, the Bank of Japan said Thursday. The corporate goods prices ...

Feb 5, 2015

Abe boosts Kuroda reflation effort with BOJ board nomination

by Toru Fujioka

The Abe administration has nominated a proponent of reflationary monetary policy for the central bank’s board, buttressing Gov. Haruhiko Kuroda’s effort to end a two-decade slump in the world’s third-biggest economy. The government proposed economist Yutaka Harada to replace Ryuzo Miyao, whose term ends ...

Jan 26, 2015

BOJ's 2% inflation target may prove elusive in 2015

by Shinya Ajima

When Bank of Japan Gov. Haruhiko Kuroda met the press last week after the BOJ’s policy meeting, he effectively admitted the central bank may miss what the market perceives as its deadline of next fiscal year for achieving 2 percent inflation to revive the ...

Switzerland stuns markets by giving up on currency peg

Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country’s central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within ...