Aug 25, 2015

Aso says China policies stirring concerns in markets

After the yen surged the most since 1998 amid a deepening sell-off in global stocks, Finance Minister Taro Aso criticized China’s recent intervention in financial markets. “It’s not really the kind of action I would expect from authorities of a nation that aims to ...

Finance minister warns China on currency moves

Aug 21, 2015

Finance minister warns China on currency moves

Finance Minister Taro Aso said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo. The Nikkei 225 average fell 3 percent to 19,435.83 on Friday, slipping below the psychological benchmark of 20,000 ...

Aug 7, 2015

G-7 finance chiefs to meet in Sendai in May 2016

The Group of Seven finance ministers’ meeting planned in the city of Sendai next year will be held on May 20 and 21, Finance Minister Taro Aso said Friday. “We would like to hold a heart-to-heart discussion in a relaxed atmosphere as the town ...

Jul 7, 2015

Finance Ministry appoints Kazuho Tanaka as top bureaucrat

The Finance Ministry on Tuesday announced a reshuffle of its senior officials, with Budget Bureau chief Kazuho Tanaka becoming the top bureaucrat at what is effectively the most powerful government office in Japan. Tanaka, 59, who has also served as the Tax Bureau chief, ...

Why Japan should, or shouldn't, join the China-led AIIB

Jun 5, 2015

Why Japan should, or shouldn't, join the China-led AIIB

When Finance Minister Taro Aso meets with his Chinese counterpart, Lou Jiwei, in Beijing on Saturday, the Asian Infrastructure Investment Bank (AIIB) will loom large in the talks. While 56 nations have so far signed up to the new $100-billion lender being established by ...

G-7 calls for high standards at China-led AIIB

May 30, 2015

G-7 calls for high standards at China-led AIIB

Finance ministers and central bank chiefs of the Group of Seven major industrial nations agreed Friday that the China-led Asian Infrastructure Investment Bank should be managed under internationally competitive standards on lending and other operations. The G-7 call came as the officials wrapped up ...

May 29, 2015

Volatile forex movements undesirable, Aso, Lew agree

The Japanese and U.S. finance chiefs agreed Thursday that volatile movements in foreign exchange markets are undesirable in the wake of the recent fall of the yen’s value against the dollar to a 12½-year low. Finance Minister Taro Aso told reporters after meeting with ...