Masaki Kose

For Masaki Kose's latest contributions to The Japan Times, see below:

Business | ON THE FRONT LINE Jul 24, 2002

U.S. export revival goal of dollar fall?

U.S. manufacturers have for quite some time been demanding that the strong dollar be corrected, and now the greenback has begun gradually depreciating against other currencies. However, revelations that many firms may have been engaged in illicit accounting practices -- significantly WorldCom Inc. -- have ...

Business | ON THE FRONT LINE Jun 26, 2002

BOJ may have to go it alone against dollar

Japan tried to keep a low profile at the recent meeting of Group of Seven finance ministers in Halifax, Nova Scotia. However, the United States insisted that Japan take more steps to revitalize its economy. The U.S. officials taking part in the G7 meeting avoided ...

Business | ON THE FRONT LINE May 29, 2002

Stock, GDP surge fuels unwelcome yen rise

There is mounting alarm in the government that a stronger yen might undermine its effort to get the economy back on track. Basically, the dollar's recent weakness mirrored the market's obsession with a possible shift in Washington's strong-dollar policy. To the Japanese government's consternation, increased purchases ...

Business | ON THE FRONT LINE Apr 25, 2002

Bank computer woes may undermine yen

Japanese institutional investors other than public pension funds have kept a low profile on foreign bond and equity markets since the beginning of the new fiscal year. They seem to be in no mood to gear up for increased purchases of foreign currency-denominated financial products ...

Business | ON THE FRONT LINE Mar 28, 2002

BOJ set for rethink on government bonds

Since the Bank of Japan shifted its monetary policy emphasis toward quantitative easing a year ago, the daily balance of funds held in its current account has more than trebled. By setting a higher target for commercial bank reserves in its current account, the BOJ ...

Business Feb 22, 2002

Rosy rhetoric can't hide crisis

At the latest Group of Seven meeting in Ottawa, Finance Minister Masajuro Shiokawa sounded rather optimistic about economic prospects. Shiokawa told his G7 counterparts that he expects the Japanese economy to grow by 1 percent in fiscal 2003. His estimate, however, has met with a ...

Business | ON THE FRONT LINE Jan 23, 2002

Finance Ministry rethinks weak-yen policy

Alerted by a faster-than-expected fall in the yen's value and the outcry from other Asian countries about the weak yen, the Finance Ministry appears to be having second thoughts on its foreign-exchange policy. The push for a lower currency value in order to minimize deflationary ...

Business | ON THE FRONT LINE Dec 13, 2001

Bond issues a given, but who will buy them?

There is a virtual consensus in the marketplace that another increase in government bond issues is inevitable. Although many market participants are well aware of this situation, the problem is that they are not particularly concerned about the changing forces of supply and demand. Apparently expecting ...