Economists agree on one thing about Abe's stimulus package: It helps the Bank of Japan
Economists are divided over how much good Prime Minister Shinzo Abe's new stimulus package will do in terms of sparking extra growth, but there's one thing they do seem to agree on: The Bank of Japan is off the hook for now. The package announced ...
BOJ policymaker calls on banks to downsize for profitability
A Bank of Japan Policy Board member urged banks Thursday to downsize in number and asset holdings to become more profitable, pointing to structural factors, rather than the BOJ's easing policy, as being behind the deterioration in their profitability. In a speech to business leaders ...
Massive fiscal stimulus in works as Japan's politicians shrug off concerns about national debt
Japan looks set to re-embrace the power of public spending with one of its biggest ever stimulus packages. Slowing global growth, a higher sales tax and a string of natural disasters are giving policymakers in Tokyo plenty of reasons to lead a worldwide shift toward ...
Bank of Japan Gov. Haruhiko Kuroda endorsed on Thursday government plans to compile a fiscal spending package for disaster relief and measures to help the economy stave off heightening global risks. The challenges posed by a string of recent natural disasters and the potential hit ...
Kuroda talks up shift to fiscal firepower as BOJ reaches its limits
Bank of Japan Gov. Haruhiko Kuroda's role as the prime focus for efforts to revive the world's third-largest economy is coming to an end. An unprecedented level of concern about damaging side effects of Japan's multidecade experiment with ultralow interest rates has gripped policymakers, regulators ...
BOJ members voiced concerns about ability to hit inflation target, minutes of October meeting show
Some on the nine-member board insisted on the need to communicate to markets that the BOJ would maintain loose monetary policy.
ECB and Japan linked by pitfalls of Abenomics
When Mario Draghi ended his term as European Central Bank president last week with a call for government policies to be "mutually aligned" with those of his institution, the message came with an unspoken caveat — it might not be enough. Japan has been attempting ...
Kuroda says Bank of Japan's extra easing won't be limited to interest rate cuts
Bank of Japan Gov. Haruhiko Kuroda said Tuesday additional monetary easing by the central bank will not be limited to cutting interest rates, while adding that the economy is likely to stay firm despite the recent consumption tax hike. The BOJ last week said it ...
Japan to make it easier for troubled banks to get capital boost
The Financial Services Agency has decided to make it easier for regional banks with solid financial standing to put money into their struggling peers, introducing a special measure under which their capital-to-asset ratios will not be reduced, according to officials. The measure is likely to ...
Bank of Japan keeps policy steady but sends clearer signal of future rate cut
The Bank of Japan kept monetary policy steady on Thursday as expected but offered a stronger signal it may cut interest rates in the future, underscoring its concern that overseas risks could derail the country's fragile economic recovery. The decision came hours after the U.S. ...
BOJ starts policy meeting as weak inflation fuels easing expectations
The Bank of Japan began a two-day policy meeting Wednesday, with market participants expecting the central bank to cut its inflation forecasts, a move that would raise pressure for it to take additional steps to stimulate the economy. The BOJ will study the possibility of ...
