Kunihide Nakajima

For Kunihide Nakajima's latest contributions to The Japan Times, see below:

Business Nov 9, 2001

Jobless woes to worsen

The U.S. jobless rate climbed 0.5 percentage point from the previous month in October to 5.4 percent amid increasing concerns over fallout from the Sept. 11 attacks and the spreading anthrax scare. In the nonfarm sector, 415,000 jobs were lost, the biggest one-month loss since ...

Business Oct 12, 2001

U.S. has historic resilience, despite doubts

The United States has begun its retaliatory strikes in Afghanistan as expected, but doubts remain strong about whether the almighty dollar can weather the storm. As happened on the day of the Sept. 11 terror attacks, the dollar has once again come under selling pressure ...

Business | ON THE FRONT LINE Sep 12, 2001

Is the greenback poised to ravage the yen?

Having fallen below 120 yen in recent weeks, the dollar has bounced back and now appears poised to gain further ground. The currency market got wind of an upturn in the dollar's value last week when U.S. Treasury Secretary Paul O'Neill declared that the United ...

Business | ON THE FRONT LINE Aug 15, 2001

Is U.S. about to dump strong dollar policy?

There are growing calls in the United States, particularly from within the business community, for an end to Washington's strong dollar policy. Even Federal Reserve policymakers are blaming the strong dollar for the failure of U.S. monetary easing to have the desired reflationary effects on ...

Business Jun 20, 2001

Credit-easing, devaluation of yen vex BOJ

Since the start of June, there have been several comments by government officials that could be construed as calls on the Bank of Japan to relax its monetary policy. Finance Minister Masajuro Shiokawa said he believes the BOJ may be considering some form of action, ...

Business | ON THE FRONT LINE May 23, 2001

BOJ liquidity effort failing

The Bank of Japan has failed to attract enough sell offers from financial institutions for its commercial bill-buying operations in recent weeks. This failure has threatened to undermine the BOJ's effort to keep the economy from sliding into a deflationary spiral by increasing liquidity. In ...

Business Apr 20, 2001

Drawing line on weak yen just lip service?

At their latest meeting in Kuala Lumpur, finance ministers from the Association of Southeast Asian Nations voiced deep concern over a weak yen. They wound up the meeting April 8 with a communique, voicing concern over the possibility that the yen's weakness against the dollar ...

Business Mar 23, 2001

Don't keep all eggs in one falling yen basket

On hearing that deposit interest rates in Japan are near zero, an investor from Jakarta said in apparent disbelief "You must be joking." After being explained the Japanese economic situation, he asked, "If that's the case, why don't people deposit their money abroad?" In 1997 the ...

Business Feb 22, 2001

BOJ, G7 differ on quantitative credit easing

Group of Seven finance leaders at their latest meeting in Sicily shared the view that prices in Japan are continuing to decline and downside risks remain. Although Bank of Japan Gov. Masaru Hayami later said there was no call for quantitative credit easing, that's exactly ...

Business Feb 22, 2001

BOJ, G7 differ on quantitative credit easing

Group of Seven finance leaders at their latest meeting in Sicily shared the view that prices in Japan are continuing to decline and downside risks remain. Although Bank of Japan Gov. Masaru Hayami later said there was no call for quantitative credit easing, that's exactly ...