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 ...

Economy on track to attain 2% inflation goal: BOJ chief

Mar 22, 2014

Economy on track to attain 2% inflation goal: BOJ chief

Bank of Japan Gov. Haruhiko Kuroda has repeated his determination to follow through on the central bank’s pledge nearly a year ago to raise consumer prices by 2 percent year on year. “We have been taking a stance of doing whatever we can” to ...

No limits in monetary policy adjustment, Kuroda says

Mar 17, 2014

No limits in monetary policy adjustment, Kuroda says

Bank of Japan Gov. Haruhiko Kuroda says there are no limits for adjusting the bank’s current “quantitative and qualitative” easing regime introduced in April 2013, stressing there room for additional monetary easing. In an recent interview, Kuroda said: “We will adjust our monetary policy ...

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 ...

Nov 6, 2013

BOJ board ranks urge boost in jobs, incomes

Some members of the Bank of Japan’s Policy Board called for improvement in the employment and income situation to maintain solid domestic demand, given the relatively slow pace in the recovery of exports and production, according to the minutes of their Oct. 3-4 meeting. ...

Oct 31, 2013

BOJ forgoes fresh easing steps as economy picks up

The Bank of Japan held off Thursday from launching fresh easing steps as the economy shows increasing signs that the Abe administration’s policy blitz aimed at reviving growth is gaining traction. The brief BOJ statement on its asset-buying scheme came as attention turned to ...

Sep 23, 2013

Monetary easing lifts land prices

It appears that the monetary easing pushed by the Abe administration through Bank of Japan's purchasing operations is gradually raising land prices in some urban areas.

Sep 5, 2013

BOJ sees moderate recovery in economy

The Bank of Japan upgrades its opinion of the economy for the first time since July, describing it as "recovering moderately" on solid consumer spending and recovering corporate spending amid improvements in jobs and nonbase pay.