BOJ chief sees only bubbles on horizon

Business May 16, 2011

BOJ chief sees only bubbles on horizon

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 ...

Further BOJ easing needed: IMF's Shinohara

Business Apr 15, 2011

Further BOJ easing needed: IMF's Shinohara

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 ...

Disaster agency eyed to oversee recovery

Business Mar 24, 2011

Disaster agency eyed to oversee recovery

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 ...

Numerical target eyed for fiscal austerity goal

Business Mar 25, 2010

Numerical target eyed for fiscal austerity goal

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 ...

BOJ to Hatoyama: rein in debt

Business Feb 20, 2010

BOJ to Hatoyama: rein in debt

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 ...

National | ELECTION 2009 Aug 4, 2009

DPJ to support BOJ autonomy

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 ...

Business Jul 24, 2009

BOJ could ease rates under DPJ: analysts

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 ...

Stimulus called costly, short-term fix

Business | ANALYSIS Apr 14, 2009

Stimulus called costly, short-term fix

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, ...

Business Mar 24, 2009

Aso's next stimulus may top ¥10 trillion

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 ...