With his nation's economy contracting under disaster damage of as much as ¥25 trillion ($310 billion), Bank of Japan Gov. Masaaki Shirakawa is signaling that his biggest worry is inflation. At stake for the student of Milton Friedman is protecting the bank's independence from financing ...
The Bank of Japan may need to provide further monetary stimulus if power shortages, supply chain disruptions and the nuclear crisis after the quake are prolonged, the International Monetary Fund's No. 3 official said. "The risks to the economic outlook are firmly to the ...
A reconstruction agency may be created to oversee disaster repairs, while data showed the central bank pumped record liquidity into lenders as the nation grappled with its worst disaster since World War II. Chief Cabinet Secretary Yukio Edano told reporters the government will weigh "some ...
The government's fiscal plan to be released by June may include a numerical goal for reducing the ratio of debt to gross domestic product, national strategy minister Yoshito Sengoku said. "We need to consider steadily reducing the accumulated long-term public debt relative to GDP once ...
Bank of Japan Gov. Masaaki Shirakawa escalated pressure on Prime Minister Yukio Hatoyama to contain the world's largest debt with a warning that investor "trust" won't be assured in the aftermath of Greece's budget woes. "It's important to gain the trust of financial markets by ...
Members of the Democratic Party of Japan said they will support the Bank of Japan's independence if they win the election and govern for the first time. "We should respect the central bank's independence on monetary policy," Tsutomu Okubo, a director of the Upper House ...
The Bank of Japan would be able to raise interest rates more easily under a government controlled by the Democratic Party of Japan, increasing household savings and spending, economists said. Allowing borrowing costs to rise will help bolster returns on ¥1.400 quadrillion in financial assets ...
The record ¥15.4 trillion stimulus package may give the economy a short-term boost, but leave it saddled with a debt burden that will smother future growth, economists have said. The plan unveiled Friday by Prime Minister Taro Aso, who faces a general election this year, ...
Prime Minister Taro Aso's next stimulus package may need to exceed ¥10 trillion to bolster an economy heading for its worst postwar recession, analysts say. Aso, whose approval rating has plunged ahead of an election that must be called by September, called this month for ...
