Bank of Japan (BoJ)
No plan to drive yen lower, Hayami says
Bank of Japan Governor Masaru Hayami said on Mar 8, 2001 he was alert to the risk of a vicious deflationary cycle but firmly denied that he wanted to push the yen lower to induce inflation.
Yen crashes to 20-month lows against dollar
The yen fell beyond 120 to the dollar for the first time in 20 months on Mar 7, 2001 as expectation grew that Japan would tolerate a weaker yen to bolster its flagging economy.
Contribution of IT to productivity growth-BoJ
Yoshihito Saito from the Bank of Japan International Department has written a paper "The Contribution of Information Technology to Productivity Growth-International Comparison". This paper examines the following: (1) the contribution of IT to labor…
BOJ minutes-board votes 8-1 to keep policy-Jan 19
The Bank of Japan policy board members voted 8-1 to keep monetary policy unchanged at their Jan. 19 meeting, but a majority of the members said risks posed to Japan's economy from developments in overseas economies and domestic and foreign capital…
Information technology and central banking-papers
Bank of Japan and EMEAP held a high-level workshop on development of information technology and central banking from October 2-3, 2000. As well as looking at the impact of IT on the economy as a whole, the executive director of the Bank of Japan,…
BOJ cuts rates on weak economy, deflation fears
The Bank of Japan surprised financial markets and pleased politicians on Feb 28, 2001 by cutting its key interest rates in response to a sudden turn for the worse in the world's second-largest economy.
BOJ says to launch new loan facility on March 16
The Bank of Japan (BOJ) said on Feb 28 it would launch its new standby Lombard-type lending facility on March 16.
Card-based payment systems in US and Japan-IMES
Ronald J. Mann, a visiting scholar at the Bank of Japan, has written a paper entitled "Card-based payment systems in the United States and Japan". He explains why credit and debit cards have so far proved unsuccessful in Japan compared to the US, and…
Technological Innovation and Banking Industry-BoJ
The Institute for Monetary and Economic Studies at the Bank of Japan has published a final report based on a forum the bank held in Dec 1997 on "Technological Innovation and Banking Industry/Monetary Policy". The report looks at the development of…
Hayami-inappropriate to raise outright JGB buys
Bank of Japan governor Masaru Hayami said on Feb 27, 2001 the central bank's current monetary policy already has some quantitative easing effects and that it is willing to continue this easy monetary policy.
Lessons from Japan's Experience in Monetary Policy
The chief representative of the Bank of Japan in Frankfurt says in a speech that the 1990s has been a period of learning for the central bank, not as many people say "a lost decade". The bank now has a greater focus on the role of asset prices and the…
Central bankers discuss e-commerce at NY Fed
International central bankers on Feb 23, 2001 discussed how greater use of the Internet might affect monetary policy but said no definitive conclusions had been reached
BOJ Yamaguchi signals possible mon policy ease
Bank of Japan Deputy Governor Yutaka Yamaguchi says he is now more cautious about prospects for the Japanese economy than he was in 2000, signaling the central bank has not ruled out a possible relaxation of its monetary policy, Kyodo News reported.
Ex-IMF Camdessus - BOJ has room to ease mon policy
The Bank of Japan still has a little more room to ease monetary policy in order to help sustain Japan's waning economic recovery, Michel Camdessus, former managing director of the International Monetary Fund, said Feb 22, 2001.
Japan LDP members call for BOJ's Hayami to resign
Some members of the ruling Liberal Democratic Party's (LDP) financial panel called for Bank of Japan Governor Masaru Hayami to resign at a meeting on Feb 14, 2001 a senior panel member said.They criticised Hayami for ending the policy of guiding key…
Japan admits economic going is getting tougher
Japan acknowledged on Feb 13, 2001 it is flirting with recession, but ministers and some economists expressed confidence the steps by the Bank of Japan (BOJ) to calm the money markets would help to put a floor under the economy. Economics Minister Taro…
BOJ Hayami-econ not at risk of deflationary spiral
Bank of Japan Governor Masaru Hayami said Feb. 8 the central bank will stick to its current easy monetary policy to support the economy, but added that the bank would watch carefully for any sign of an economic slowdown. "The BOJ is willing to keep its…
BoJ preparing for RTGS start on January 4
The Bank of Japan has been preparing for the introduction of the new RTGS system to the BOJ-NET, the Bank's on-line system for the settlement of funds and the Japanese government securities.
BOJ board keeps monetary policy unchanged
The Bank of Japan said on Friday its policy board decided to continue its policy of driving the key overnight call rate to 0.25%, a decision widely expected by financial markets. The decision was by a majority vote.
Hayami says to supply ample funds for RTGS start
Bank of Japan governor Masaru Hayami said on Friday the central bank would supply ample funds to the money market to prepare for the adoption of the Real-Time Gross Settlement system on January 4.
Ex-Fed Blinder - Japan needs cheaper yen
Alan Blinder, a former deputy chairman of the Federal Reserve, said Thursday Japan ought to boost demand by making its currency cheaper.