May 25, 2014

BOJ chief prods Abe to get moving on reforms

Bank of Japan Gov. Haruhiko Kuroda has forecast victory in his battle against stubborn deflation that has sapped growth for years, but expressed impatience with the pace of Prime Minister Shinzo Abe’s much touted economic plan to jump-start the feeble economy. The central bank ...

May 15, 2014

BOJ's Kuroda sees 'many ways' if further easing needed

Bank of Japan Gov. Haruhiko Kuroda said Thursday the central bank has “many ways” to further ease monetary policy to achieve its 2 percent inflation target, pledging to take any steps needed to reach the goal. “If the 2 percent inflation target is not ...

May 1, 2014

Assured BOJ foils analysts' predictions

by Toru Fujioka and Masahiro Hidaka

The confidence that Bank of Japan officials are demonstrating in achieving their inflation target is lowering the chances of additional monetary easing this year even as the economy weakens. Consumer prices excluding fresh food but not energy will increase 1.9 percent in the fiscal ...

Apr 30, 2014

BOJ cuts economic growth forecast, retains inflation target

Bank of Japan policymakers on Wednesday cut their economic growth expectations as tepid data and the April 1 sales tax rise fuel fears about the strength of the economy’s recovery. The downgraded forecasts are likely to boost speculation of more monetary easing, with BOJ ...

Kuroda eyes yen-weakening action

| Apr 9, 2014

Kuroda eyes yen-weakening action

by Masaki Kondo and Yumi Ikeda

Bank of Japan Gov. Haruhiko Kuroda has shown that a single unprecedented expansion of monetary policy has more impact than a series of smaller steps, and economists say he’s preparing to prove it again. The yen has tumbled almost 9 percent since Kuroda doubled ...

Apr 8, 2014

BOJ stays policy course, aware of sales tax hike hit

by Atsushi Kodera

The Bank of Japan on Tuesday left its ultra-loose monetary policy unchanged, while acknowledging the consumption tax hike introduced this month will have a negative impact on the economy. During a two-day meeting that ended Tuesday, the nine-member Policy Board unanimously decided to maintain ...

Apr 3, 2014

Cash-rich firms spurn banks' offers

by Keiko Ujikane

Banks are the most keen to lend companies money in 17 years. Corporate treasurers don’t need the cash. The Bank of Japan’s “tankan” business confidence index released Tuesday showed that the prevalence of midsize companies saying banks are willing to lend to them rose ...

Mar 26, 2014

A year into the deflation fight

A year after taking the helm of the Bank of Japan, Haruhiko Kuroda appears on course to achieving the targets he set in the quest to rein in Japan's protracted deflation and put the economy on a growth path. Unfortunately bank lending to businesses ...