Japan
BoJ’s Shirai considers eurozone impact on Japan
Sayuri Shirai examines eurozone crisis and discusses impact on Japan; sets out three main channels through which the economy is affected
Japan paying ‘particular attention’ to Europe but holds rates
Bank of Japan watching situation in Europe closely; keeps monetary policy steady ahead of key developments in the region
Japanese prime minister nominates new rate-setters
Two new board members put forward by Yoshihiko Noda; nominations need approval by both houses of the Japanese parliament
BoJ’s Shirakawa considers demographic change in Japan
Governor of Bank of Japan examines macroeconomic impact of aging population; emphasises that Japan need not accept a lower long-run growth rate
OECD laments fragile, uneven global recovery
Economic Outlook predicts slower GDP growth across OECD countries in 2012; discusses delicate recovery around the world
BoJ’s Shirai debates how to strengthen growth momentum
Member of Bank of Japan policy board says the country should improve economic relations with emerging Asia in terms of trade and tourism and also through cross-border financial transactions
Chan highlights ‘strong business case’ for renminbi use
Norman Chan tells a conference in Tokyo that payments in renminbi can increase the efficiency of growing trade activity between Japan and China
BoJ’s Morimoto says productivity improvements needed to promote growth
Bank of Japan policy board member highlights the importance of productivity in the Japanese labour market to ensure future economic growth
Shirakawa pays respects to former Bank of Japan governor
Masaaki Shirakawa remembers former governor Yasushi Mieno who passed away in April; calls him a man of “courage and thoughtfulness”
Shirakawa says central banks not responsible for structural issues
BoJ governor Shirakawa says the structural reforms that must accompany refinancing operations cannot be achieved by central banks
BoJ’s Nishimura says strengthening growth 'crucial' for Japanese economy
Bank of Japan deputy governor emphasises central bank’s role in achieving growth potential; signals unease at the global economic impacts for future of Japanese economy
BoJ’s Miyao says deflation 'overriding issue' in Japanese economy
Bank of Japan policy board member says if the central bank pursues its monetary policy solely to meet inflation target, it would harm the development of the economy
Bank of Japan holds off rate change and further easing
Japanese central bank acknowledges "critical challenge" of overcoming deflation, but keeps rate unchanged for now
BoJ's Kamezaki says efforts to reform Europe no more than 'stop-gaps'
Bank of Japan’s Hidetoshi Kamezaki says fiscal reform and boosting funds for 'firewalls' are essential to prevent a future crisis
SIG to keep an open mind on RWA probe, says Himino
The Basel Committee’s standards implementation group has begun an investigation into RWA consistency, but chair Ryozo Himino says there might be good reasons for discrepancies
Business confidence remains low in Japan
Latest Bank of Japan Tankan survey of Japanese companies shows confidence has not improved in last quarter
BOJ discusses dollar funding costs through forex swaps
Bank of Japan examines US-implied swap rates amid growing concern over European banks' funding
Deputy governor renews Bank of Japan attack on Volcker rule
Kiyohiko Nishimura reiterates Bank of Japan’s concerns over unintended consequences of Volcker rule; says “prudent assessment” of potential impact of the rule on other countries is “crucial”
Bank of Japan paper studies currencies and commodities
New research paper from the financial markets department at the Bank of Japan examines the relationship between so-called commodity currencies and commodity prices
Asean+3 safety net needs more firepower
The regional liquidity safety net in Asia created via the Chiang Mai Initiative is still small and needs a more aggressive pre-emptive mandate if it is to head off crises before they occur
Bank of Japan adds to Tankan survey pool
Japanese central bank refreshes companies and financial institutions that make up the sample group for the influential survey; adds 102 enterprises and five financial institutions
Asia to develop emergency financial stability safety net
Charles Adams and Lei Lei Song chart the development of the Chiang Mai Initiative Multilateralization and explain three ways to develop Asia’s liquidity support mechanism
Balance sheet lessons from the Bank of Japan
The Bank of Japan has expanded its balance sheet in more ways than any of its developed world peers. Hisashi Harui reviews the unconventional approaches it has used to ensure financial stability
