Japan
Takanaka: BOJ, gov must work together on deflation
The Japanese government and central bank need to work together to end deflation, Economic and Fiscal Policy Minister Heizo Takenaka said on Monday 17 January after a cabinet meeting in Tokyo.
Fukui: Zero-rate policy will become more effective
Bank of Japan governor Toshihiko Fukui told a meeting in Tokyo on Thursday 13 January that the zero-rate policy will become more effective as the economy extends a recovery.
Fukui at the 100th anniversary of BoJ's NY office
In a speech at the reception for the 100th anniversary of the Bank of Japan Representative Office in New York given on 6 January, Toshihiko Fukui of the Bank of Japan said that it seems to him that Japan is once again well poised to contribute positively…
Bank of Japan Minutes, 17 &18 Nov 2004
The Bank of Japan's minutes from its 17 and 18 November 2004 Monetary Policy meeting revealed that members concurred that Japan's economy continued to recover as a whole, although the increase in exports and production seemed to be coming to a pause…
Fukui: A tale of two cities for a central banker
In the speech 'A tale of two cities in the eyes of a central banker' given on 6 January, Toshihiko Fukui of the Bank of Japan said the BOJ has a "very firm" commitment to the market and to the general public to maintain the policy of expanding Japan's…
More work needed on deflation, says Tanigaki
Japan's Finance Minister Sadakazu Tanigaki told a press conference on Friday 7 January that more effort is needed to stop Japan's falling consumer prices and pledged to continue cooperating with the Bank of Japan to end deflation.
Iwata on Japan's economy under demographic changes
In a speech on 'Japan's economy under demographic changes' given on 7 December, Kazumasa Iwata of the Bank of Japan said for a central bank that is striving to overcome deflation, the ageing issue of society presents a challenging task, because it…
Bank of Japan's monthly economic report - December
The Bank of Japan said that the economy was continuing on a recovery trend although there were weak spots, notably in production.
How far must US dollar fall?
A new paper, entitled "How much depreciation of the US dollar for sustainability of the current accounts?" by Eiji Ogawa and Takeshi Kudo of Hitotsubashi University Research Unit considers various scenarios for the future path of the dollar.
Japanese experts comment on dollar prospects
Three Japanese experts gave their views on the dollar yen exchange rate and the prospect of central bank intervention at a panel discussion on December 17. The dollar has further to fall, they suggested, but Asian central banks will not liquidate their…
Bank of Japan downgrades economic assessment
The Bank of Japan downgraded its assessment of the country's sluggish economy on Friday in its latest monthly report, while the central bank's governor said steel shortages were compounding the economic slowdown.
Bank of Japan, a role model for the ECB?
This article looks at recent comments from Gerhard Schroder that Europe "can learn something from Japan and its great monetary policy." Japan is the only major industrialized economy in the past 70 years to experience prolonged deflation and now its much…
BoJs Fukui says economic growth slowdown temporary
Bank of Japan governor Toshihiko Fukui said in a speech on Monday 13 December that the growth of the economy is slowing down, but only temporarily.
Japan's Koizumi says rapid dollar fall unwelcome
Japanese Prime Minister Junichiro Koizumi said on Thursday 9 December at a press conference that he does not welcome a rapid fall in the US dollar but is also against resorting too much to market intervention.
Tanenaka says view of Japan's economy not changed
After the Japanese government revised the country's third-quarter gross domestic product, Economic and Fiscal Policy Minister Heizo Takenaka said Japan hasn't changed its view that the economy is recovering.
BOJ's Iwata sees strong business investment in 05
Kazumasa Iwata, one of the Bank of Japan's two deputy governors, told a conference in Sydney that business investment in Japan was strong and will increase next year.
Iwata on the euro from a Japanese perspective
In a speech on 'The euro from the Japanese perspective' given on 19 November, Kazumasa Iwata of the Bank of Japan said the case of the euro serves as a good model of a combination of both market selection and political will. On the other hand, in Asia,…
Mizuno says zero-rate policy beating deflation
New Bank of Japan policy maker Atsushi Mizuno said on Friday 3 December that the BOJ's zero-rate policy is overcoming deflation and the bank must look at potential side effects of maintaining its stance.
Japan's lower house approves new BOJ board member
Japan's lower house of parliament has approved the nomination of Atsushi Mizuno, chief strategist at Credit Suisse First Boston Securities (Japan) Ltd., as a Bank of Japan policy maker.
'Serial crime' wave hits Bank of Japan
The Bank of Japan has reprimanded five employees at its Maebashi branch office for swapping 11 old banknotes for 11 newly designed banknotes with sought-after serial numbers, such as E888888M.
Fukui on the state of Japan's economy
In a statement concerning the Bank's Semiannual Report on Currency and Monetary Control given on 28 October (published 26 Nov) Toshihiko Fukui of the Bank of Japan said Japan's economy is expected to continue recovering with the ongoing expansion of…
BoJ monetary policy meeting minutes12/13 October
The Bank of Japan released the minutes from its 12 and 13 October Monetary Policy meeting on 24 November. The minutes indicated that one member urged the central bank to get prepared to shift from the present monetary policy framework of quantitative…
Japan's deflation may not end in 2005 says Haru
Bank of Japan policy maker Hidehiko Haru said on Thursday 25 November that Japan's deflation may not end in the fiscal year that starts April 1, 2005, possibly forcing the Bank of Japan to maintain its zero-rate policy the following year and beyond.
Bank of Japan Monthly Report, November 2004
The Bank of Japan released the English version of its November 2004 monthly report on 22 November. In the report the BOJ downgraded its assessment of exports and production in its report but maintained its overall view that the country's economy was on…