OECD warns Japan's economy may suffer inflation without wage growth

May 6, 2014

OECD warns Japan's economy may suffer inflation without wage growth

Japan’s economy may face a slowdown if inflation goes up without wage expansion, the Organization for Economic Cooperation and Development warned Tuesday, cutting its projections for the country’s economic growth in 2014. The Paris-based club of 34 advanced nations said in its biannual report ...

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 ...

Nov 26, 2013

BOJ policymaker minority didn't buy inflation timetable

Bank of Japan policymakers were split over whether the central bank would be able to attain its 2 percent inflation target in about two years as pledged in April, with some members saying it would be “difficult,” minutes of their Oct. 31 meeting showed ...

BOJ: All nine regional economies picking up

Oct 21, 2013

BOJ: All nine regional economies picking up

On the back of solid demand, including housing investment, and with signs of improvement in jobs and income, the Bank of Japan on Monday upgraded its assessment of the nation’s nine regional economies from three months ago. In its quarterly Sakura Report on the ...

Jul 31, 2013

BOJ doubted inflation target effect in 2003: minutes

Bank of Japan Gov. Toshihiko Fukui opposed the introduction of an inflation target when he assumed the post in March 2003, expressing doubt that monetary policy could affect prices by influencing public sentiment, according to the minutes of a policy meeting covering January to ...

Jun 1, 2013

BOJ's 2% inflation goal doable, IMF says

The International Monetary Fund said Friday that the Bank of Japan’s commitment to a 2 percent inflation target “could be achieved” if the government takes effective measures to bolster economic growth and restore its fiscal health, the worst among developed nations. “Complementary growth strategies ...

2% inflation target out of reach, think tanks say

May 24, 2013

2% inflation target out of reach, think tanks say

Think tanks agree it will be difficult for the Bank of Japan to attain its 2 percent inflation target in about two years, with the nation’s economic growth seen slowing down markedly in fiscal 2014 after the planned consumption tax hike. The average estimate ...

Apr 19, 2013

BOJ's Miyao confident on 2% inflation goal

A Bank of Japan policymaker said Thursday that the central bank’s experimental quantitative easing measures will bolster the economy and push up prices, expressing confidence that its 2 percent inflation target can be achieved. “The 2 percent inflation target is expected to be attained ...

Apr 7, 2013

Money that's twice as easy

The Bank of Japan, under its new governor, doubles down on monetary easing with a policy boldly aimed at a 2 percent inflation target in two years.