Japan
Ex-BoJ Nakagawa interview: BOJ wary of risky asset
In a recent interview published by Dow Jones Newswires, former Bank of Japan executive director Yukitsugu Nakagawa said that the BoJ wants to buy foreign bonds as part of its efforts to rid the country of deflation. But this move would be opposed by the…
BoJ considers purchase of asset-backed securities
Japan's central bank was reported by the Financial Times as saying on Tuesday 8 April that it may take unconventional steps, such as buying securities, to push the nation's economy toward recovery while keeping cash circulating in the financial system.
Bank of Japan monetary policy meeting release
At its monetary policy meeting held on 8 April the Bank of Japan said continued uncertainty and geopolitical risks meant the Bank would provide liquidity when necessary to secure financial market stability.
Bank of Japan statement on securities purchase
Examination of Possible Purchase of Asset-Backed Securities by the Bank of Japan, 8 April.
Ex-BoJ Kanno expects action from Fukui
In an interview with Dow Jones, ex-Bank of Japan official Masaaki Kanno said rather than increase the BOJ's account balance target to shake-off deflation the BOJ's new governor Toshihiko Fukui will focus more on ways to make sure that money injected by…
Call for further anti-deflation measures from BoJ
Heizo Takenaka, Japan's chief financial regulator, has called for further anti-deflation steps to be taken at the Bank of Japan's next meeting in early April. According to Asahi Shimbun, Takenaka said on Sunday 30 march that increasing the volume of…
Bank of Japan Monetary Policy Meeting, 25 March
Details of the Bank of Japan's emergency monetary policy meeting held on 25 March.
BoJ calls emergency meeting on Iraq
The Bank of Japan held an emergency meeting on Tuesday 25 March to discuss what effect war in Iraq might have on the Japanese economy, according to a report by Associated Press. The bank also announced that it would increase its purchase of commercial…
BoJ calls ad hoc monetary policy meeting
The Bank of Japan has called an ad hoc monetary policy meeting for Tuesday, March 25, to review the prevailing severe economic and financial conditions including the effect of military action against Iraq and consider necessary steps with respect to…
Fukui calls emergency meeting
Toshihiko Fukui, the new governor at the Bank of Japan called an emergency meeting of the policy board for Tuesday morning, March 25, according to the Financial Times, fuelling expectations that the central bank intends to take further emergency measures.
BoJ takes emergency stability measures
The Bank of Japan has taken emergency measures to shore up the financial system as the US led war on Iraq begins. Toshihiko Fukui began his first day as the governor of the BOJ saying on Thursday "The Bank of Japan closely monitors associated economic…
BoJ statement on the military action against Iraq
Statement made Thursday by the governor of the Bank of Japan at the onset of war hostilities.
Fukui taking charge
ARTICLE - This article looks at some of the pressures that will face the new governor of the Bank of Japan as he begins his term. As Toshihiko Fukui takes the BOJ helm, he faces an even more difficult economic situation than that confronted by Hayami,…
Can Fukui pull isolated BOJ in from the cold?
ARTICLE - This article asks whether Fukui will tread his own monetary policy path in an effort to rid Japan of deflation and adopt unorthodox measures which Masaru Hayami steadfastly resisted.
BOJ may buy ETFs under new governor Fukui
Speaking on Tuesday March 18, Toshihiko Fukui, who will formally take up the job of governor of the Bank of Japan on Thursday March 20, suggested the Bank may take up new policies to expand the money supply and thereby fight deflation, according to a…
New BoJ chief signals more aggressive policy
In testimony on Tuesday March 18 the new governor of the Bank of Japan, Toshihiko Fukui, pledged to cushion Japanese economy from any war shocks and said the BoJ would consider broadening the range of assets it buys as part of its controversial scheme,…
Koizumi hands Fukui policy wishlist
The Japanese prime minister, Junichiro Koizumi, handed a list of five requests to the new governor of the Bank of Japan, Toshihiko Fukui, on Friday 14 March according to a report by Kyodo news agency. These included having deflation under control by 2005…
Japanese parliament approves central bank governor
Toshihiko Fukui was approved on Friday March 14 as the next governor of the Bank of Japan, as reported by Kyodo News Service. His five-year term of office will begin next Thursday, March 20.
BoJ asked to buy more stocks
The Japanese government has asked the Bank of Japan to increase the amount of shares it intends to buy as the Nikkei index sank to a 20-year low.
Nikkei falls below 8000 for first time in 20 years
On Wednesday 12 March the Nikkei index fell below a psychological barrier to hit a 20 year low, according to a Reuters report. Analysts said investors were holding back pending further developments between US/Iraq.
Incoming BoJ chief to outline policies in Diet
Toshihiko Fukui will next week outline his policies for fighting deflation and stabilising Japan's economic system to the Japanese Diet, according to the Kyodo News Service. The Bank of Japan governor in waiting will be quizzed before the Diet give their…
Bank of Japan Monthly Report, March 2003
The Bank of Japan has published its Monthly Report of Recent Economic and Financial Developments for March 2003. The BoJ said the domestic economic outlook remained uncertain, with no signs of an imminent improvement, a view it has taken for the last…
Outgoing BOJ's Hayami says only so much we can do
As governor Masaru Hayami prepares to bow out of the Bank of Japan he spoke at his final news conference, reported by Pacific Business News. He said that the central bank could not cure Japan's economic woes on its own and that social and political…
Japan's Monetary Policy Meeting, 13 & 14 February
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 13 and 14 February 2003, released 10 March. The Bank's policy board discussed possible policy-easing steps, including an increase in purchases of Japanese government bonds or more…