BOJ should ease further, says Abe adviser Honda

Mar 10, 2016

BOJ should ease further, says Abe adviser Honda

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The Bank of Japan should use a combination of a more-negative benchmark rate and enlarged asset purchases “sometime, before long” to help the economy, according to Etsuro Honda, an adviser to Prime Minister Shinzo Abe. “But maybe not next week,” when the BOJ next ...

Abe taps finance researcher for Bank of Japan's divided board

Mar 4, 2016

Abe taps finance researcher for Bank of Japan's divided board

Prime Minister Shinzo Abe’s government nominated an international finance researcher to the Bank of Japan’s divided board to fill the seat of a retiring member who recently voted against expanding monetary stimulus. Makoto Sakurai, 70, of the Sakurai Associates International Finance Research Center, is ...

BOJ chief Kuroda says interest rates won't drop again, for now

Mar 4, 2016

BOJ chief Kuroda says interest rates won't drop again, for now

Bank of Japan Gov. Haruhiko Kuroda said Friday the central bank is not considering cutting rates again. It introduced a negative rate in February. “At this point, I am not considering further lowering the negative interest rate,” the BOJ chief told the Budget Committee ...

Mar 3, 2016

Kuroda's deputy calls for faster reforms

Now that the central bank has added negative rates to its record monetary stimulus program, it’s time for the Abe government to double down on reform efforts, said Deputy Gov. Hiroshi Nakaso. “The Bank of Japan has taken monetary easing one step further,” Nakaso ...

Japan manufacturing output up in January, retail sales fall

Feb 29, 2016

Japan manufacturing output up in January, retail sales fall

Japan’s industrial production rose in January from the month before, beating forecasts, while retail sales fell, suggesting the recovery of the world’s third-largest economy is still on the ropes. January’s increase in factory output was a turnaround from month-on-month declines in November and December. ...