Japan
Fukui positive on economy, inflation
In a statement before a parliamentary committee on August 2, the governor of the Bank of Japan, Toshihiko Fukui, spoke of the country's improving economic situation and how the central bank's policies were adapting.
ECB behind BoE, Fed on clarity; must reveal more
This article published on Thursday 18 August reveals the results of a poll of economists and academics who were asked to compare the ECB with the Bank of England, U.S. Federal Reserve and Bank of Japan for clarity of communication.
Academics discuss East Asian Monetary Union
Academics meeting on Friday 19 August called for Asian nations to set up a regional cooperative body similar to the EU and adopt a common East Asian currency.
Bank of Japan Monthly Report, August 2005
The Bank of Japan published the English version of its August 2005 monthly report on 11 August. The BOJ upgraded its outlook of the economy, saying exports and wages were picking up.
Malaysia to play key role in financial integration
Malaysia can play a significant role in integrating East Asian financial markets such as developing the Asian Bond Market (ABM), Asian common currency and the proposed Asian bond banks, economics professor Dr S. Ghon Rhee said.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 12 and 13 July meeting on Friday 12 August. Two of nine policy board members at the Bank proposed cutting the 30-35 trln yen liquidity target for banks, at the mid-July policy meeting.
China reveals details of yuan basket
China announced major currency market reforms on Wednesday 8 August and also published details of the basket of currencies to which the bank refers in managing the float of the yuan.
BOJ chief says public-sector reform vital
Bank of Japan governor Toshihiko Fukui told a press conference on Tuesday 9 August that public-sector reform is vital to domestic economic growth.
Is Japan ready for 50-year debt?
The Japanese government bond market is the world's biggest, but also among the least international, according to this article published on Monday 8 August. Perhaps the U.S. Treasury's move to issue new 30-year debt early next year will encourage Japan to…
BOJ's Fukui on new trends in financial services
In the speech 'New trends in financial services: Creation of innovative retail services' given on 21 July (published 4 August), Toshihiko Fukui of the Bank of Japan said with the Japanese financial system is regaining its stability, the BOJ has taken a…
BOJ current-account balance may fall below target
The balance of current accounts at the Bank of Japan is expected to drop below the 30-35 trln yen liquidity target today, to around 28.3 trln yen, the Nihon Keizai Shimbun reported on Wednesday 3 August, citing an unnamed source at the central bank.
BOJ's Fukui positive on economy
Bank of Japan governor Toshihiko Fukui told parliament on Tuesday 2 August that consumer prices will likely turn positive by the year-end and the soft patch in the economy could soon be over.
BOJ economist forecasts sustainable recovery
The Bank of Japan's top economist said the central bank is getting more confident that an economic recovery is sustainable because consumer spending is improving at a faster pace.
The decline of Japan's saving rate
The Bank of Japan Working Paper "The decline of Japan's saving rate and demographic effects" investigates the phenomenon in which Japan's household saving rate showed a sharp decline even during the long stagnation period called "the lost decade."
BOJ's Fukui says prices may rise from late 2005
Bank of Japan governor Toshihiko Fukui told a news conference on Wednesday 27 July that the consumer price index may rise from late this year or early 2006 as the BOJ kept monetary policy unchanged.
Japan welcomes China yuan decision
Japan welcomed China's decision on Thursday 21 July to end its currency's peg to the U.S. dollar and other Asian officials said they were closely watching developments.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 14 and 15 June Monetary Policy Meeting on 18 July. The minutes showed the board voted down in mid-June two proposals to cut its liquidity target, including one proposal to reduce it to just 25 trln yen.
Bank of Japan Monthly Report, July 2005
The Bank of Japan published the English version of its July 2005 monthly report on 15 July. The BOJ slightly revised up its monthly assessment of the economy for the first time in eight months, citing upbeat business confidence, rising capital spending…
Tanigaki says govt, BOJ share same view on economy
Japan's Finance Minister Sadakazu Tanigaki said on Friday 15 July that the economy is extending a recovery as rising corporate profits buoy consumer spending.
Good/bad deflation and Japanese economic recovery
The Discussion Paper "Good deflation/bad deflation and Japanese economic recovery" says economic history suggests that technological progress can go hand in hand with general deflation. It finds that short-run shocks to Japan's relative price structure…
Monetary policy during Japan's lost decade
This University of Tokyo Discussion Paper published May 2005 develops a quantitative costly price adjustment model with capital formation for the Japanese Economy.
BOJ upgrades economic assessment
The Bank of Japan slightly upgraded its assessment of the economy on Wednesday 13 July at the conclusion of its monetary policy meeting, saying that the recovery remains on track.
Fukui: Japan's monetary easing policy to remain
Bank of Japan governor Toshihiko Fukui said on Wednesday 6 July that the central bank will maintain its quantitative monetary easing policy to support the Japanese economy until deflation risks retract.
BOJ's Muto on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy' given on 23 June, Toshiro Muto of the Bank of Japan said the central bank may see the possibility of ending a quantitative monetary policy easing in the year to March 2007, if things go smoothly.