Japan
Japanese buy up record US bonds
Japanese investors bought a record amount of foreign bonds last week, Reuters said. Data released on Thursday 12 August showed Japanese investors bought a net 1.859 trillion yen ($16.8 billion) of foreign bonds in the week of Aug. 2-6, in the run-up to…
Fukui says BOJ watching oil price impact
Toshihiko Fukui told a news conference on Tuesday 10 August that the Bank of Japan is closely watching the impact of record high oil prices on the Japanese economy.
Japan report solid economic recovery, warns on oil
"The economy is recovering at a solid pace as improvements in the corporate sector are extending into the household sector," the Cabinet Office said in a monthly economic report on Thursday 5 August.
No stocks bought by BOJ in late July
Data released on Tuesday 3 August showed that the Bank of Japan did not buy any stocks from domestic banks in late July.
Century-old vault to be opened to Japan's public
The Bank of Japan will open its oldest underground vault to the public for the first time on 3 August at its headquarters in Tokyo.
BoJ: Technology shocks and role of monetary policy
This Bank of Japan Discussion Paper develops a quantitative, general-equilibrium business cycle model with imperfect common knowledge regarding technology shocks. The model predicts that a positive technology shock leads to a persistent decline in…
Price stability and Japanese monetary policy
Many observers have concluded that central banks are powerless to end deflation when short-term interest rates are near zero. This Bank of Japan Discussion Paper by Robert Hetzel, Vice President of the Research Department, Federal Reserve Bank of…
Comments on Price stability & Japanese mon policy
This Bank of Japan Discussion Paper summarises the authors' main points of agreement and disagreement with respect to the proposal written by Dr Hetzel. The authors agree with Dr Hetzel's proposal on four points but disagree with the proposal on three…
Fukui on the future of Japan's economy
In a speech on 'Significance of efficient financial services for the future of Japan's economy' given on 22 July, Toshihiko Fukui of the Bank of Japan said we have promised that we maintain our current easy monetary policy until nationwide core consumer…
Japan revises outlook for economic growth up
The Japanese government on Wednesday revised its forecast for economic growth for the fiscal year through March 2005 upward to 3.5 percent.
OECD urges Japan to keep up regulatory reform
Regulatory reform is already well under way in Japan but should be continued and strengthened if Japan is to reap all the opportunities of its current recovery, according to a new OECD report.
OECD chief to visit Japan and discuss economy
The secretary general of the Organization for Economic Cooperation and Development, Donald Johnston, will start a five-day visit to Japan on Tuesday 20 July for talks with Cabinet ministers and business leaders on issues such as Japanese economy and…
Japan's former economy minister wins seat
Former Japanese economy minister Heizo Takenaka won his first parliamentary election this week and said on Monday 12 July that he aims to get Japan's growth back on track.
BoJ's Monetary Policy Meeting Minutes, 14/15 June
The Bank of Japan released the minutes from its 14 and 15 June Monetary Policy Meeting on 16 July. Members said that many economic indicators released since the previous meeting were relatively strong for Japan, and agreed that the economy continued to…
Japan 'half way' to overcoming deflation
While deflation has shown signs of easing in Japan, rising raw material prices still haven't affected consumer goods, signalling that price declines will continue, Japan's Cabinet Office said in its white paper on the economy.
Bank of Japan Monthly Report, July 2004
The Bank of Japan released the English version of its monthly report on 15 July. Japan's economy continues to recover, with the increase in production and corporate profits exerting positive effects on employment, the central bank said.
Fukui on the Bank of Japan's Semiannual Report
In a speech concerning the Bank's Semiannual Report on Currency and Monetary Control given on 9 June (published 8 July), Toshihiko Fukui of the Bank of Japan said Japan's economy is expected to continue recovering as it gains further momentum gradually…
Japan: FATF recommendations, anti-money laundering
Report on the Observance of Standards and Codes on the FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism for Japan. Prepared by a staff team of the IMF as a background documentation of the periodic consultation with…
Fukui on the state of Japan's economy
In a speech given on 5 July, Toshihiko Fukui, governor of of the Bank of Japan said that Japan's ongoing economic recovery is becoming broad-based as a result of structural adjustments.
Semiannual Report on Currency and Monetary Control
The Bank of Japan has published a summary of its semiannual report on currency and monetary control for the second half of fiscal 2003. Japan's economic activity started to recover gradually in the second half of fiscal 2003 (Oct 03-Mar 04) led by an…
Economy adjusting, says BOJ's Fukui
Bank of Japan governor Toshihiko Fukui said on Monday 5 July that the country's economy is nearing recovery from the prolonged slump that followed the bursting of Japan's speculative bubble in the early 1990s.
Hosokawa calls for flexible BOJ policy
Koichi Hosokawa, who on Friday 2 July took over as the top career official at the Ministry of Finance in Japan, said he wants the Bank of Japan to implement "flexible" monetary policy amid a rise in long-term bond yields.
Fukui at BOJ representative office centenary event
In a speech given on 29 June at the reception for the centenary of the Bank of Japan Representative Office in London, Toshihiko Fukui of the Bank of Japan said the imminent objective for the Bank of Japan to open an office in London 100 years ago was to…
BOJ's Taya says recovery gaining momentum
Japan's economic recovery is "clearly" gaining momentum, according to Teizo Taya, a Bank of Japan policy board member. But he said it was still "not appropriate" for the BOJ to change its current policy at the moment.