BOJ policymaker suggests bank's virus measures will need to be extended
A Bank of Japan policymaker has pointed to the need for the central bank to extend its novel coronavirus measures, which are currently set to expire at the end of March next year. In a recent interview, Toyoaki Nakamura, a member of the central bank's ...
The post-COVID-19 industrial revitalization
There’s still no end in sight for the pandemic crisis, but as Japan’s economy averts a worst-case scenario, how to revitalize its industries is becoming a major issue.
BOJ’s local bank aid makes rates harder to cut, ex-official says
To gain eligibility for the interest payments, regional banks must make decisions on merging or show they have improved their profitability.
The lack of interoperability between different cashless payment applications remains a hurdle both for consumers and retailers.
BOJ to promote regional bank mergers via special interest program
The central bank's move is widely seen as a measure to help regional lenders merge and survive amid slumping local economies hit hard by the coronavirus pandemic.
Bank of Japan closely watching forex market after Biden's win
The BOJ is concerned that any sharp rise in the yen's value against the dollar will deal a serious blow to the Japanese economy already struggling with the coronavirus pandemic.
BOJ chief airs concern about resurgence of COVID-19 in Europe and U.S.
In a policy-setting meeting last week, the BOJ maintained its ultraeasy monetary policy to support the pandemic-hit economy.
BOJ sees volatile recovery path as virus piles on uncertainty
The decision to leave policy unchanged likely reflects continued signs of a recovery in Japan from its record contraction as production and exports improve.
BOJ official says digital currency needs public support first
China’s plans to issue a digital yuan, while still not fleshed out, have heightened global interest in digital currencies among central banks and policymakers.
Consumer prices in Japan falling at slower pace for now, data shows
The figures come ahead of a meeting next week in which the Bank of Japan will give its latest inflation forecasts.
IMF backs Suga’s reform plan but urges BOJ to review inflation goal
The International Monetary Fund gave a thumbs-up Wednesday to plans by new Prime Minister Yoshihide Suga to maintain the thrust of his predecessor's Abenomics stimulus programs, while pushing through reforms to revitalize the economy. Odd Per Brekk, deputy director of the IMF's Asia and Pacific ...
Board member flags BOJ concern over risks of prolonged pandemic
A slower-than-expected recovery could lead to an increase in unpayable debt, job losses and bankruptcies that would lower the country’s growth potential.
