Feb 21, 2014

Some in BOJ wary of inflation target outlook: minutes

Some Bank of Japan policymakers maintained a cautious stance on the central bank’s prediction that consumer prices are likely to come close to its 2 percent inflation target from the end of fiscal 2014 to fiscal 2015, the minutes of the January policy meeting ...

Record trade deficit pressures Abenomics

| Feb 21, 2014

Record trade deficit pressures Abenomics

Japan’s record trade deficit adds to sinking consumer confidence and an April consumption tax increase, threatening to undermine Prime Minister Shinzo Abe’s bid to engineer a sustained recovery. Credit Suisse Group AG on Thursday cut its 2014 economic growth forecast for Japan to 1.6 ...

BOJ boost to loan programs seen as sign for more easing

Feb 18, 2014

BOJ boost to loan programs seen as sign for more easing

The Bank of Japan on Tuesday boosted lending programs while sticking with a plan for unprecedented asset purchases, as the central bank tries to support a recovery and stamp out 15 years of deflation. At its Policy Board meeting, the BOJ doubled a funding ...

Feb 17, 2014

Japan's economy grew annualized 1.0% in October-December quarter

The Japanese economy grew an annualized real 1.0 percent in the fourth quarter of 2013, marking a fourth straight quarterly expansion, the government said Monday. The growth in October-December inflation-adjusted gross domestic product corresponds to a 0.3 percent expansion from the previous quarter. But ...

Feb 12, 2014

Further BOJ easing steps unnecessary: IMF official

The Bank of Japan doesn’t have to loosen its monetary grip now, as its drastic easing steps introduced last April have been functioning well, a senior International Monetary Fund official said Wednesday. But Jerry Schiff, deputy director of the IMF’s Asia and Pacific department, ...

Jan 22, 2014

BOJ keeps ultraeasy monetary policy

The Bank of Japan said Wednesday it will maintain its ultraeasy monetary policy and keep unchanged its consumer price outlook for fiscal 2015 at 1.9 percent, near its 2 percent inflation target aimed at beating deflation. The nine-member Policy Board unanimously decided that the ...

BOJ near limit for bond buys but boost may be needed

Jan 20, 2014

BOJ near limit for bond buys but boost may be needed

The Bank of Japan is approaching the upper limit of its target for buying bonds, raising prospects it will need to expand the scope of its stimulus program to support the economy before a tax increase. The BOJ bought ¥6.8 trillion worth of sovereign ...

BOJ notes 'recovery' in all regional economies

Jan 16, 2014

BOJ notes 'recovery' in all regional economies

The Bank of Japan on Thursday upgraded its assessment for five of the country’s nine regional economies compared with three months earlier and used the word recovery for every region on the back of solid consumer spending before the consumption tax increase in April ...

Jan 10, 2014

More Japanese expecting lower incomes in one year

More people expect incomes to drop a year from now than they did three months ago, a Bank of Japan survey said Thursday. In the December survey, 37.8 percent said they expect incomes to drop compared with 36.0 percent three months before. The results ...

Jan 9, 2014

Consumer sentiment worsens again

Consumer sentiment deteriorated in the three months to December for the second straight quarter, the Bank of Japan said Thursday, indicating that momentum for a recovery has waned amid rising prices and limited income growth. The diffusion index of consumer sentiment regarding current economic ...