Business / Economy Nov 1, 2016
In major setback for Abenomics, BOJ gives up hitting inflation target during Kuroda's term
The Bank of Japan acknowledges defeat in its quest to achieve 2 percent inflation.
Business Oct 21, 2016
BOJ chief suggests new time frame in store for inflation target
Haruhiko Kuroda suggested the central bank may delay the timing for hitting its 2 percent inflation target by a year to fiscal 2018 or after.
Business / Economy Mar 25, 2016
Japan inflation at about zero for 10th month; BOJ goal remains distant
Prices in Japan did not rise in February, reinforcing just how far the nation remains from reaching the Bank of Japan's 2 percent inflation goal. Consumer prices excluding fresh food didn't budge for a second consecutive month, as forecast. Stripping out energy and food costs, ...
Business / Economy Jan 22, 2016
BOJ on verge of fresh inflation target delay, putting monetary policy under scrutiny
by Toru Fujioka and Masahiro Hidaka
The Bank of Japan is poised, for the third time in less than a year, to push back the time frame for reaching its inflation target, making it harder for policymakers to hold off from enlarging monetary stimulus. Gov. Haruhiko Kuroda until now has been ...
Business / Economy Sep 24, 2015
Japan may miss 2% inflation target but achieve it later, deputy economy minister says
by Sharon Chen
Japan's target of achieving 2 percent inflation by next September may be delayed as China's economic slowdown affects the price of oil and other natural resources, according to Yasutoshi Nishimura, the deputy economy minister. China faces the challenge of changing the structure of its economy ...
Business Jul 16, 2015
BOJ's flawed goal risks upward price spiral: former deputy head
The Bank of Japan's determination to drive inflation to 2 percent risks sparking a damaging upward spiral in the cost of living, according to a former deputy governor. Prices of many products will need to rise at a faster rate than the goal to make ...
Business / Financial Markets Jan 15, 2015
Regional economies showing moderate recovery, BOJ says
The Bank of Japan said Thursday that a moderate recovery remains underway in all regional economies, upholding previous upbeat assessments because of the expectation that cheaper oil will spur consumption. In its quarterly report, the central bank kept steady its evaluations of eight of nine ...
Business / Economy May 6, 2014
OECD warns Japan's economy may suffer inflation without wage growth
Japan's economy may face a slowdown if inflation goes up without wage expansion, the Organization for Economic Cooperation and Development warned Tuesday, cutting its projections for the country's economic growth in 2014. The Paris-based club of 34 advanced nations said in its biannual report that ...
Business / Economy May 1, 2014
Assured BOJ foils analysts' predictions
by Toru Fujioka and Masahiro Hidaka
The confidence that Bank of Japan officials are demonstrating in achieving their inflation target is lowering the chances of additional monetary easing this year even as the economy weakens. Consumer prices excluding fresh food but not energy will increase 1.9 percent in the fiscal year ...
Business / Economy Nov 26, 2013
BOJ policymaker minority didn't buy inflation timetable
Bank of Japan policymakers were split over whether the central bank would be able to attain its 2 percent inflation target in about two years as pledged in April, with some members saying it would be "difficult," minutes of their Oct. 31 meeting showed ...
Business / Economy Oct 21, 2013
BOJ: All nine regional economies picking up
On the back of solid demand, including housing investment, and with signs of improvement in jobs and income, the Bank of Japan on Monday upgraded its assessment of the nation's nine regional economies from three months ago. In its quarterly Sakura Report on the regional ...
Business / Economy Jul 31, 2013
BOJ doubted inflation target effect in 2003: minutes
Bank of Japan Gov. Toshihiko Fukui opposed the introduction of an inflation target when he assumed the post in March 2003, expressing doubt that monetary policy could affect prices by influencing public sentiment, according to the minutes of a policy meeting covering January to ...