Japan
Bank of Japan Monthly Report, May 2004
The BOJ maintained its cautiously optimistic assessment in the report and said that overseas economies were expected to continue growing relatively fast, adding that the recovery of Japanese exports, corporate investment and production were likely to…
Tanigaki tells G7 Japan is working on debt
Japanese Finance Minister Sadakazu Tanigaki said that he told Group of Seven nations and Russia that Japan will try harder to control the expansion of its public debt.
BoJ and govt agree to watch interest rates
Top government and central bank officials agreed in a meeting on Friday 21 May that they should carefully watch interest rates, Bank of Japan Deputy Governor Toshiro Muto said.
IMF may raise growth forecast for Japan
The International Monetary Fund said on Friday 21 May that it is likely to raise its forecast for Japan's economic growth from its current estimate of 3.4 percent for this year when it issues its next global economic outlook.
Bank of Japan maintains optimistic assessment
The Bank of Japan maintained its cautiously optimistic assessment of the economy in its latest monthly report, despite robust GDP data announced earlier in the week.
Government and BOJ to co-op on deflation
The Japanese Government and central bank will work together to end deflation and support a recovery in the world's second-largest economy, Finance Minister Sadakazu Tanigaki told Asian counterparts in South Korea.
Bank of Japan names new executive director
Nobuo Inaba, director-general of the Bank of Japan's Bank Examination and Surveillance Department, will be promoted to executive director, replacing outgoing Takahiro Mitani, bank officials said on Saturday 8 May.
Japanese economy on right path says Tanigaki
Speaking on Friday 14 May, Japanese Finance Minister Sadakazu Tanigaki said that Japanese economic conditions were broadly positive at the moment despite some turbulence on the stock market.
Fukui on economic growth and overcoming deflation
In the speech 'Achieving Sustainable Economic Growth and Overcoming Deflation' given on 13 May Toshihiko Fukui of the Bank of Japan said the BOJ will continue its extremely easy monetary policy in order to support private sector efforts to deal with…
BOJ buys Y1.98 trln shares to May 10
The Bank of Japan said on Wednesday it had bought a cumulative 1.9799 trillion yen ($17.53 billion) of shares held by Japanese banks by May 10 under a programme aimed at reducing banks' exposure to stock market volatility.
BOJ must watch for overshoot in yields, Nakahara
Bank of Japan policy board member Shin Nakahara said on Wednesday that the BOJ must watch for any overshooting in long-term yields, in an attempt to reduce concerns as the economy recovers and speculation of a policy switch arises.
BOJ's Fukui foresees no change in interest rates
Toshihiko Fukui said Sunday 9 May he expects no change in the Bank of Japan's zero-interest-rate policy, as the economy struggles to emerge from its deflationary spiral.
BOJ outlook on Economic Activity & Prices, April
The Bank of Japan has published its April 2004 report "Outlook for Economic Activity and Prices". Japan's economy has continued to recover at a moderate pace since the second half of 2003. In 2004, the economy is expected to continue its recovery as…
Japan's Fukuma on economic & financial trends
In a speech on 'Recent Economic and Financial Developments' given on 25 March, Toshikatsu Fukuma of the Bank of Japan said in order for Japan to steadily regain the national wealth lost in the collapse of the bubble and to lay the foundations for future…
BOJ's Fukui to attend Basel BIS meeting
Bank of Japan Governor Toshihiko Fukui will attend the Bank for International Settlements' (BIS) upcoming bi-monthly meeting in the Swiss city of Basel, Japan's central bank said on Friday 7 May.
Japan denies US warning was behind forex halt
A senior Japanese Finance Ministry official on Thursday 6 May denied speculation that Japan halted intervention in the foreign exchange market in April because of warnings against the operations from the United States.
BOJ's Fukui sees hope for prices
The governor of the Bank of Japan, Toshihiko Fukui, said on Sunday 2 May that he saw hope for ending six years of falling prices as early as the end of the current fiscal year, which began April 1.
Fukui says BOJ cannot commit to govt growth target
Toshihiko Fukui said in minutes released on Friday 30 April that while the Bank of Japan was committed to fighting deflation it could not commit to a specific growth rate, distancing the BOJ from a government growth target.
Japan lifts growth forecast
The Bank of Japan said on Wednesday 28 April that it expects the country's economy to expand at an even greater rate than it forecast six months ago, but repeated that mild deflation will continue in the current fiscal year.
BOJ to open vault to public in summer
The Bank of Japan said on Tuesday 20 April that the central bank will open its main vault to the public during the summer time.
Fukui to visit Washington for G-7, IMF meetings
Bank of Japan (BOJ) Governor Toshihiko Fukui will visit Washington for a five-day stay from Thursday 22 April to attend weekend meetings of the Group of Seven (G-7) finance ministers and central bank chiefs, the BOJ said Wednesday.
BOJ's Suda says must tolerate rate rises
Bank of Japan Policy Board member Miyako Suda said on Wednesday 21 April that small rises in interest rates need to be tolerated because they reflect Japan's recovering economy.
Fukui on the BOJ's semiannual report
In a statement concerning the Bank of Japan's Semiannual Report on Currency and Monetary Control given on 13 April Toshihiko Fukui said in contrast to a year ago, positive signs are steadily increasing in Japan's economy. At the same time, however, there…
Fukui: too early to consider ending easy policy
Bank of Japan Governor Toshihiko Fukui said on Tuesday that it was too early to start considering ending the central bank's super-loose monetary policy.