Japan
Growth slowdown to follow crunch: Japan's Fukui
Toshihiko Fukui, the governor of the Bank of Japan, said he expected global growth to fall to 5% this year as a result of the financial turmoil.
Model predicting instability in development
Charles Goodhart, a former member of the Bank of England's Monetary Policy Committee, and Dimitrios Tsomocos, a lecturer in financial economics at Oxford University's Said Business School, are working on a model aimed at alleviating financial fragility.
Bank of Japan sticks to rate hold strategy
The Bank of Japan's rate-setting board decided to hold its benchmark overnight call rate at 0.5% for the ninth month in a row on Tuesday.
Scrap agencies' role in Basel: ex-UK rate-setter
Basel II needs to go back to the drawing board before it is even out of the blocks because of rating agencies' influence in the framework, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now a professor at the…
Commodity prices warrant close attention: Japan
Central banks need to analyse data on commodity markets in order to more fully understand movements in global financial markets, according to research published by the Bank of Japan.
The only way is down
Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, predicts the dollar will drop to $1.70 against the euro and $2.20 against sterling before central banks intervene.
Fed finally gives Basel II the green light
The Federal Reserve Board on Friday approved the American version of the Basel II framework on risk-based capital requirements. It is the last of the Group of Ten countries, which developed the framework, to do so.
Improvement needed before hiking rates: Fukui
Borrowing costs in Japan will only be raised after data show a pickup in growth and prices, according to Toshihiko Fukui, the governor of the Bank of Japan.
Hints of rate rise from the Bank of Japan
The strong performance of Japan's economy will continue despite global economic uncertainties reflecting fears such as the US subprime mortgage crisis, according to Toshihiko Fukui, the governor of the Bank of Japan.
Japan’s normalisation strategy in jeopardy
Hisashi Harui suggests that the Bank of Japan is still unable to get its message across clearly to the markets
Japan holds rates for eighth consecutive month
The Bank of Japan's rate-setting board has kept the target for the benchmark uncollateralised overnight call rate at 0.5%.
Japan rate hike unlikely after unemployment rises
The Bank of Japan's plans to raise rates may have to be put on hold again after government data on Tuesday revealed a 0.2% increase in the unemployment rate.
Japan's Muto reiterates commitment to tightening
The Bank of Japan will raise rates as the economy improves and inflation picks up Toshiro Muto, a deputy governor at the Bank of Japan said on Friday.
Japan will weather banking crisis, says Mizuno
There is little chance of the recent banking crisis adversely affecting the Japanese economy according to Atsushi Mizuno, the most hawkish member of the central bank's current rate-setting board.
Crisis "clouds growth prospects", says IMF
The International Monetary Fund (IMF) has revised its estimates for global growth in 2008 down by almost half a percentage point.
Japan holds rates at 0.5%
The Bank of Japan's rate-setting committee voted eight to one in favour of maintaining their benchmark rate at about 0.5% on Thursday.
Crisis shows why we need Basel II, says Committee
The recent banking crisis has underlined the importance of Basel II implementation, according to the Basel Committee on Banking Supervision.
Currency rise wanted by EU chiefs
Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the…
Turmoil will impact exchange rates - IMF's Kato
The re-pricing of risk taking place as a result of the credit crunch will lead to a rebalancing of currencies and growth in the near future, according to Takatoshi Kato, the deputy managing director of the International Monetary Fund (IMF).
China and Japan renew currency swap agreement
Zhou Xiaochuan, the governor of the People's Bank of China, and Toshihiko Fukui, the governor of the Bank of Japan, renewed their currency swap agreement in Tokyo on Thursday.
Japan keeps rates on hold
The Bank of Japan's monetary policy board decided to keep rates on hold at 0.5%.
Turmoil prompts supervision recommendations
New rules for conduits, special purpose vehicles (SPVs) and rating agencies must be introduced to stop another subprime crisis, according to several shadow financial regulatory committees. The Basel II framework must also be reassessed because of its…
Japan safe from subprime threat
The Bank of Japan said on Tuesday that the country's financial institutions were unlikely to be drastically affected by the subprime crisis in the US.
Deputy looks to explain Japan's low inflation
Toshiro Muto, a deputy governor of the Bank of Japan, said he believes there are three reasons why the country's inflation rate has remained low in spite of economic growth.