Bank of Japan (BoJ)
BoJ makes small concessions to government
Minutes from Bank of Japan’s February policy meeting show divide between policymakers on strength of economy, analysts say central stance unchanged
BoJ report shows uptick in growth
Latest economic report from the Bank of Japan shows a 0.9% increase in GDP
BoJ board split on doubling liquidity scheme
Bank of Japan fixed-rate funds operations scheme to be doubled to ¥20 trillion, two board members dissent
BoJ study: low rates not enough
Bank of Japan study shows that low interest rate commitment was insufficient in stimulating growth
BoJ’s Nakamura declares ordinary policy tools redundant
In a high profile speech in Fukuoka last month, Bank of Japan’s Seiji Nakamura tells business leaders that ordinary channels of the transmission mechanism are not working
Interview with Takatoshi Ito
Takatoshi Ito, a professor at the University of Tokyo, discusses whether recent comments by Japan’s finance minister undermine the central bank’s independence
Bank of Japan Review – Measuring potential growth in Japan
Bank of Japan review notes difficulties with various methods used to forecast growth, says potential shortcoming should be at the fore of policymakers’ minds
Bank of Japan – Financial Markets Report
Japanese central bank’s report says Dubai crisis shed light on sensitive investors still were, notes that while accommodative policies soothe some market players, others worry about flows to emerging markets
Export recovery will lose speed: BoJ’s Yamaguchi
Bank of Japan deputy governor Hirohide Yamaguchi says pace of export and production recovery to slow, but economy will gain momentum in the summer
Bank of Japan – Minutes (25 and 26 Jan)
Minutes of the Japanese central bank’s most recent policy meeting show members felt December measures had heightened effectiveness of policy easing, cabinet representatives emphasises achieving positive inflation as soon as possible
Bayesian reasoning in boom-bust cycles
Bank of Japan paper finds that investors cause inflations and deflations in asset prices when they base decisions on past experience of the market
Bank of Japan – Public Opinion Survey
Japanese central bank’s survey on public views and expectations shows more expect further economic woe
Shirakawa slams govt “misunderstanding”
Japanese central bank governor Masaaki Shirakawa defends policy actions and says calls for more monetary easing are fundamentally misguided
Monthly report (January) – Bank of Japan
Bank of Japan sees upward pressure on corporate goods prices, increases in exports and production
BoJ more optimistic on growth, deflation
Bank of Japan lifts economic projections in sign it sees policy as sufficient
Shirakawa pledges to keep policy loose
Japanese governor Masaaki Shirakawa reiterates the central bank’s commitment to tackle deflation as figures show more people expect prices to fall over 2010
Kan revives worries over BoJ-government conflict
The appointment of Naoto Kan as finance minister last week has added to the tension between government and central bank
No consensus on quantitative easing
Roundtable reveals divisions on whether Bank of England’s asset purchase programme has helped
BoJ discussion paper series – Dec 09
Bank of Japan finds e-money usage does not lower cash-demand
BoJ partly to blame for lost decade: CEPR paper
CEPR looks at the contribution of the stock of money to the macroeconomic outcomes of the 1990s http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=7608
BoJ’s special funds operation most effective for CP market
A Bank of Japan paper argues that outright purchases and repo operations were only briefly effective compared to the authority’s special funds operation
Japan’s recovery to be moderate: Shirakawa
Bank of Japan’s Masaaki Shirakawa cautious on economic recovery
US and UK too slow in tackling bubble: BoJ’s Yamaguchi
The Bank of Japan deputy governor says authorities’ task was complicated by the expansion of the shadow banking industry
Unconventional policy affects both sides of balance sheets
Bank of Japan looks at the size and composition of its balance sheet during its quantitative-easing period