Bank of Japan (BoJ)
Bank of Japan Monthly Report, January 2003
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, January 2003, on 24 January. In its report the Bank maintained its assessment of the economy for the second straight month but warned of risks from…
BOJ maintains static view of economy
The Bank of Japan has maintained its assessment of the economy for the second straight month in January but warned of risks from weak private consumption as well as flat exports and output.
Takenaka says govt, BOJ should share policy goal
Japanese Economics and Financial Services Minister Heizo Takenaka on Thursday called on the Bank of Japan to foster more growth in money supply and said the government and central bank should share a policy goal.
BOJ under pressure to target inflation
ARTICLE - As Hayami's term is about to come to an end speculation not only mounts as to his successor but whether the Bank of Japan should introduce an inflation target under the new leadership.
The folly of inflation targets
ARTICLE - This article says that the Bank of Japan should explain what it is intending to do to end deflation and that this will be the first step in defending its threatened independence.
Bank of Japan Press Release
PRESS RELEASE - Announcement of the Bank of Japan Monetary Policy Meeting decisions (unchanged), 22 January.
Koizumi calls for more 'effective' monetary policy
Junichiro Koizumi, Japan's prime minister, on Wednesday called on the Bank of Japan to adopt a more "effective" monetary policy but the central bank ignored his call, leaving its policy unchanged in a unanimous decision.
BoJ hopeful introduces radical reflation proposal
With the name of the new governor of the Bank of Japan to be announced soon the battle is hotting up. On Sunday one of the favourites to land the job, Nobuyuki Nakahara, said the central bank should directly finance the government by Y5,000bn-Y10,000bn (…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 18 and 19 November 2002, released 20 December. The nine member Policy Board considered that it was appropriate to maintain the current guideline for money market operations. Private…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 30 October 2002, released 20 December. Consumer prices continued to decline by slightly less than 1 percent year on year. The pace of year-on-year decline in the Consumer Price Index…
Japan's Takenaka seeks new relationship with BOJ
Japan's Economics and Financial Services Minister, Heizo Takenaka, said on Wednesday a new relationship is needed between his government and the Bank of Japan for a common goal on policy targets.
Takenaka upbeat on Japan growth after Bank reform
Japan's economy and banking minister said Tuesday the economy could eventually return to growth as high as 2.5% after a slow-growth period of painful reform. Heizo Takenaka spoke at the Australian National University and maintained pressure on the Bank…
New face to front foreign exchange policy in Japan
Zembei Mizoguchi became Japan's new voice on foreign exchange policy Tuesday, taking on the tough task of deciding when and by how much to intervene in the market to halt a rapid rise in the yen, analysts said. Speculation also mounted that Haruhiko…
BOJ Hayami: Decision on successor not imminent
The appointment of the next Bank of Japan (BOJ) governor is not imminent, and it will take some time for a decision to be reached, current governor Masaru Hayami was quoted as saying on Monday. On Friday we reported how there were conflicting statements…
Taya on recent economic developments in Japan
SPEECH - In the speech 'Recent Economic and Financial Developments and Monetary Policy in Japan' Teizo Taya of the Bank of Japan said that in his opinion the Bank of Japan should not introduce an inflation target. Although efforts to increase the money…
BOJ's Hayami to attend BIS meeting in Basel
Bank of Japan Governor Masaru Hayami is due to visit Basel, Switzerland, from Friday to attend a meeting of the Bank for International Settlements (BIS), the central bank said.
Takenaka says govt expectations of BOJ 'very high'
Japan's Financial Services and Economics Minister Heizo Takenaka said on Tuesday that the government is working hard to overcome deflation and its expectations for the Bank of Japan's policies are "very high".
Bank of Japan: Losing independence?
ARTICLE - This article looks at the recent initiatives by the Bank of Japan but says the BOJ's independence may be slipping as Prime Minister Junichiro Koizumi and members of his economic team want a greater say in BOJ policy-making.
Call for Bank of Japan to adopt inflation target
The Japanese government will urge the Bank of Japan to adopt an inflation target, an influential member of the ruling Liberal Democratic party said Sunday. The comments follow those of Chief Cabinet Secretary Yasuo Fukuda who said last week that an…
Bank of Japan Monthly Report, December 2002
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, December 2002, on 19 December. In its report the Bank says "Japan's economy has stabilised as a whole, but there is still substantial uncertainty…
Bank of Japan says recovery not expected soon
The Bank of Japan Wednesday left its core economic assessment for December unchanged from November in its December monthly report, repeating that Japan's economy has bottomed but there is strong uncertainty over the economy's future course.
BOJ keeps monetary policy steady
The Bank of Japan kept its monetary policy unchanged on Tuesday but stepped up its support for the funding of small businesses in an effort to prevent banking sector paralysis from causing an economic crisis.
BoJ needs deflation fighter: Koizumi
Japanese Prime Minister Junichiro Koizumi wants the replacement for Bank of Japan governor Masaru Hayami to focus on combating the economy's persistent deflation.
Interview - Toshihiko Fukui, former dep gov of BoJ
INTERVIEW - The Bank of Japan will maintain a bias toward easing monetary policy to avert any concerns of tightening liquidity in financial markets and promote expectations of a stable financial environment, a front-runner in the race to be the next BOJ…