Japan
Bank of Japan Monthly Report, December 2005
The Bank of Japan published the English version of its December 2005 monthly report on 20 December. In its report the BOJ said the Japanese economy continues to recover, keeping its view unchanged from the previous month.
BoJ's Fukui says watching yen move closely
The central bank will be keeping a close eye on yen movements in the wake of current volatility, Bank of Japan governor Toshihiko Fukui told a news conference in Tokyo on Friday 16 December.
LDP calls on BOJ to set nominal growth target
Japan's ruling Liberal Democratic Party said on Thursday 15 December that it wants the Bank of Japan to set a target for nominal economic growth in accordance with the government.
Tanigaki urges BOJ not to rush policy shift
Finance Minister Sadakazu Tanigaki has urged the Bank of Japan not to rush in ending its current quantitative expansionary monetary policy framework.
BOJ's Haru says reserve target may be cut
Bank of Japan policy board member Hidehiko Haru said the BOJ may have to lower its reserve target range before it concludes its ultra-easy monetary policy, if it becomes difficult to keep to the present range, which is set very high.
Fukui says govt understands BOJ's stance
Bank of Japan Governor Toshihiko Fukui said on Wednesday 7 December he thinks Prime Minister Junichiro Koizumi understands the BOJ's deflation-fighting policy stance.
Fukui says Japan ready for monetary policy shift
Bank of Japan Governor Toshihiko Fukui told his Group of Seven counterparts that the central bank will move away from its monetary policy stance eventually, once the condition of sustainable rising consumer prices is met, Kyodo News Agency reported.
BoJ's Fukui on Japan's economy
In a speech given on 18 October (published 21 November) Toshihiko Fukui of the Bank of Japan said Japan's economy has emerged from its temporary pause and continues to recover.
Proposal for BOJ's next-generation RTGS project
The Bank of Japan has released a consultation document on the proposal for the next generation of the BOJ-NET Funds Transfer System.
Mizuno says BOJ should shorten policy debate
Bank of Japan board member Atsushi Mizuno said in a speech the BOJ should not spend too much time debating over policy with the government or financial markets to avoid being "late" in shifting policy.
BOJ deputy suggests 1% inflation benchmark
Bank of Japan deputy governor Kazumasa Iwata said the consumer price index needs to show a year-on-year rise of 1 pct over a period of 1-1/2 to two years to ensure that deflation is defeated, the Nikkei News Service reported.
Share price rise benefits BOJ
A surge in Japanese share prices has seen the Bank of Japan's holdings of shares in business firms increase to a record 1,132.3 billion yen as of Sept. 30.
BoJ should not decide policy shift alone- Takenaka
The Bank of Japan alone should not decide on the timing of an end to its super-loose monetary policy, Kyodo News quoted Heizo Takenaka, Minister for Internal Affairs and Communications as saying.
BoJ minutes show talk on best deflation gauge
The nine members of the Bank of Japan's policy board discussed whether the consumer price index is the best indicator to gauge an end to deflation, according to minutes of the meeting released Thursday 24 November.
Fukui says BOJ will decide policy shift alone
The Bank of Japan will take full responsibility in deciding when to end its ultra-easy monetary policy, while maintaining close contact with the government, BOJ Governor Toshihiko Fukui was quoted as saying on Wednesday 23 November.
Bank of Japan Monthly Report, November 2005
The Bank of Japan published the English version of its November 2005 monthly report on 22 November. In its report the BOJ said exports have continued to increase moderately, industrial production is on an uptrend and corporate fixed investment continues…
Bank of Japan
According to this recent article, the government and Liberal Democratic Party officials should not be blatantly meddling in the Bank of Japan's policy. Although the BOJ needs to stay in closer connection with the fiscal authorities, it says.
Fukui doesn't rule out inflation target
Bank of Japan Governor Toshihiko Fukui said Friday that the possibility of Japan adopting an explicit inflation target as a monetary policy tool cannot be ruled out.
ECB's Issing on addressing global imbalances
In the speech 'Addressing global imbalances: the role of macroeconomic policy' given on 4 November Otmar Issing of the ECB said structural reforms in Europe and Japan may help to promote growth and resilience and are in the countries' own best domestic…
Koizumi vs Fukui trumps Bush vs Greenspan
This article published on Wednesday 16 November says that with each passing day, disagreements with the government over when the Bank of Japan should stop flooding the economy with cash seem to intensify.
Yosano downplays BOJ criticism
Japan's economic and fiscal policy minister Kaoru Yosano downplayed criticism Tuesday 15 November within the government over the Bank of Japan's plan to explore an end to its ultra-loose monetary policy.
Comment: Japanese spat threatens recovery
Japanese policymakers face enormous challenges over the coming months as the country's economy edges towards normality. One of the key issues is how to coordinate the need for both fiscal and monetary tightening. Judging by recent developments, the…
Japan’s debt dilemma
After years of stagnation, Japan’s economy is at last stirring. Yet rising yields threaten new financial crises. Anthony Rowley reports.
Japan's Fukui on New Path of Growth
On 11 November Toshihiko Fukui, governor of the Bank of Japan, gave a speech entitled "Toward a New Path of Growth for the Japanese Economy" based on the Bank's October Outlook Report at the Kisaragi-kai meeting in Tokyo.