Mar 11, 2014

BOJ maintains ultraeasy monetary policy, economic assessment

The Bank of Japan said Tuesday it will maintain its ultraeasy monetary policy and keep unchanged its assessment of the economy for the sixth consecutive month, saying it has “continued to recover moderately” based on the judgment that deflation is disappearing. After a two-day ...

Output soars most since 2011 ahead of tax hike

Feb 28, 2014

Output soars most since 2011 ahead of tax hike

The nation’s industrial production in January grew the most since 2011, indicating the economy is strengthening as a looming consumption tax bump stimulates demand, while inflation matched the highest level in more than five years. Output rose 4 percent in January from the previous ...

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, ...