BOJ likely to project growth of around 1.5%

Business / Economy Apr 28, 2014

BOJ likely to project growth of around 1.5%

The Bank of Japan is likely to forecast 1.5 percent annual growth over the next three years after its Policy Board meeting Wednesday, sources familiar with the matter said. The central bank is also expected to retain its outlook on inflation, which — excluding the ...

Business Apr 23, 2014

BOJ will not buy bonds indefinitely

by Masahiro Hidaka and Toru Fujioka

Bank of Japan Gov. Haruhiko Kuroda has said the BOJ will not buy bonds just to keep down the government's debt-servicing costs after it achieves its goal of stable 2 percent inflation. "If we reach our target and prices are stable, we have no intention ...

Editorials Mar 26, 2014

A year into the deflation fight

A year after taking the helm of the Bank of Japan, Haruhiko Kuroda appears on course to achieving the targets he set in the quest to rein in Japan's protracted deflation and put the economy on a growth path. Unfortunately bank lending to businesses ...

Business / Economy Mar 11, 2014

BOJ maintains ultraeasy monetary policy, economic assessment

The Bank of Japan said Tuesday it will maintain its ultraeasy monetary policy and keep unchanged its assessment of the economy for the sixth consecutive month, saying it has "continued to recover moderately" based on the judgment that deflation is disappearing. After a two-day meeting, ...

Business / Economy Jan 27, 2014

Minutes show some BOJ policymakers still wary of tax hike

Some of the Bank of Japan's policymakers were worried in December that the first stage of the consumption tax hike in April will hurt business and consumer sentiment, although the Policy Board as a whole agreed the economy will probably continue to recover, minutes ...

BOJ near limit for bond buys but boost may be needed

Business / Economy Jan 20, 2014

BOJ near limit for bond buys but boost may be needed

The Bank of Japan is approaching the upper limit of its target for buying bonds, raising prospects it will need to expand the scope of its stimulus program to support the economy before a tax increase. The BOJ bought ¥6.8 trillion worth of sovereign notes ...