Japan
Why the Bank of Japan keeps on doing nothing
For pretty much all of 2004, the Bank of Japan has done nothing. And looking ahead to 2005, it's not expected to do a whole lot more, this article suggests. That the BOJ isn't having a serious discussion of deflation ending anytime soon throws cold water…
Tanigaki says Japan's economy is recovering
Japanese Finance Minister Sadakazu Tanigaki told parliament on Thursday 28 October that Japan's economy is on a recovery trend while deflation remains.
BOJ's Fukui says prices just one hurdle
Core consumer prices at zero percent is only one hurdle the Bank of Japan will need to clear when deciding whether to stop its policy of keeping interest rates at almost zero, Governor Toshihiko Fukui said.
BoJ paper on deflationary traps
This Bank of Japan discussion paper provides a theoretical overview of monetary and fiscal policy with the potential to engineer an exit from a deflationary trap, which the author defines as sustained deflation in the presence of zero interest rates.
Survey shows Japanese mystified by central bank
A survey published on the Bank of Japan's website this week showed that most Japanese people find the workings of the central bank a mystery.
BOJ's Sept. Monetary Policy Mtg Minutes
The Bank of Japan released the minutes from its 8 and 9 September Monetary Policy meeting on 18 October. The minutes showed that the bank was not greatly worried by a slowdown in export and industrial output growth, seeing it as due to temporary factors…
Bank of Japan Monthly Report, October 2004
The Bank of Japan released the English version of its October 2004 monthly report on 15 October. In the report the bank said exports and industrial production have been on a rising trend, albeit at a slightly slower pace. The report also said Japan's…
BOJ's Fukui upbeat on Japanese economy
Bank of Japan Governor Toshihiko Fukui told a quarterly meeting of branch managers on Monday 18 October that Japan's economic recovery is on track as structural reforms continue but record global oil prices require "close attention".
Japan's Fukui on global exchanges
In a speech on 'Global imbalances and exchanges' given on 13 October, Toshihiko Fukui of the Bank of Japan said central banks operate in the markets to achieve their policy goals. As a result, the effectiveness of monetary policy depends on the sound…
BOJ's Fukui sees continued economic recovery
Bank of Japan Governor Toshihiko Fukui said on Wednesday 13 October that the benefits of the economic recovery are now spreading more strongly to the household sector as labour conditions improve, and the steady pickup in consumer spending continues.
Takenaka: Japan economy in minor adjustment phase
Heizo Takenaka, Japan's Minister for Economic and Fiscal Policy, said on Tuesday 12 October that Japan's economic growth rate has slowed because the economy has entered an adjustment phase following strong growth in the last quarter of 2003.
Suda says Japan's economy to exceed potential
Japan's economy will expand faster than its potential and inflation will probably not rise for the time being, said Miyako Suda, a Bank of Japan policy board member.
IMF says BOJ should continue easing policy
The Bank of Japan should maintain its current easy monetary policy until deflation is reined in, a senior official of the International Monetary Fund said on Monday 4 October.
Fukui supports China involvement at G7 talks
Bank of Japan Governor Toshihiko Fukui said on Sunday 3 October that he supports China's future participation at the financial meetings of the G7 leading industrialised countries.
BOJ to maintain easy money policy, Fukui says
Bank of Japan Governor Toshihiko Fukui told G7 finance ministers and central bankers that Japan's potential economic growth is increasing and the bank will keep easing monetary policy to overcome deflation.
Fukui, Greenspan discuss Japan, US economies
Toshihiko Fukui of the Bank of Japan and Federal Reserve chairman Alan Greenspan discussed the global economy on Thursday 30 September, as well as the economic situations of the US and Japan, Kyodo News reported a BOJ source as saying.
BOJ winding up the stock purchasing program
The Bank of Japan has said in a statement that it has ended its policy of buying stocks from commercial banks as initially planned.
Japan on way to sustainable recovery: BOJ's Fukuma
Bank of Japan policy board member Toshikatsu Fukuma said in a speech that growth in Japan this fiscal year will exceed the central bank's 3.1 per cent forecast as the world's second-largest economy moves toward a sustainable recovery.
Reviewing US monetary policy in disinflation era
This Bank of Japan Working Paper reviews the experience of US monetary policy from 2000 to shed some light on issues regarding the effectiveness of monetary policy in a low inflation era. Result shows that the observed financial market response to the…
Fukui on the state of Japan's economy
In a speech given on 2 September Toshihiko Fukui of the Bank of Japan said that the positive impact of the current easy monetary policy on economic activity is strengthening as the economy recovers. As the economic recovery raises the expected rate of…
Fukui: Japan's economy is doing well
The Japanese economy is doing well, although it is still in an adjustment phase toward self-sustaining growth, Bank of Japan Governor Toshihiko Fukui said on Monday 27 September.
Tanigaki says Japan able to withstand oil impact
Japanese Finance Minister Sadakazu Tanigaki, who was re-appointed on Monday 27 September in a reshuffle, has expressed confidence that Japan's economic recovery will not be impacted much by surging global oil prices.
Ex-BOJ official says G7 to share views with China
The Group of Seven major economies are likely to seek to share views on the world economy with China in a financial meeting later this week rather than to negotiate on any specific issues, a former Bank of Japan executive has said.
Japan to issue anti-counterfeit banknotes
Japan will issue what are described as the world's most advanced anti-counterfeit banknotes on 1 November.