Deflation

BoJ's Fukui on quantitative easing

In a speech given on 1 June Toshihiko Fukui of the Bank of Japan said the central bank's quantitative easing policy, which lasted for nearly five years till March 2006, helped in bringing recovery back to the deflation-hit Japanese economy.

Japan's Abe wants BoJ zero rate to stay

Shinzo Abe has urged the Bank of Japan to keep interest rates at almost zero per cent until the economy has fully emerged from deflation. Meanwhile, Kaoru Yosano also said on Wednesday 15 March that there is no gap between the government and the BoJ in…

Policy shift will be 'headache' says Watanabe

Coping with higher interest rates will pose a "headache" for the Japanese economy, and the central bank is considering how to limit the impact on bonds, according to Hiroshi Watanabe, Japan's vice finance minister for international affairs, who was…

BoJ's Fukui says watching yen move closely

The central bank will be keeping a close eye on yen movements in the wake of current volatility, Bank of Japan governor Toshihiko Fukui told a news conference in Tokyo on Friday 16 December.

Deflation looms as China's economy cools off

According to this article published Wednesday 30 November, Chinese officials seem to be pulling off an orderly deflating of their nation's economic bubble. Along with this year's deftly handled 2.1 percent revaluation of the yuan, the feat suggests…

BOJ deputy suggests 1% inflation benchmark

Bank of Japan deputy governor Kazumasa Iwata said the consumer price index needs to show a year-on-year rise of 1 pct over a period of 1-1/2 to two years to ensure that deflation is defeated, the Nikkei News Service reported.

BoJ's Nishimura sees no need for liquidity cut

Kiyohiko Nishimura, one of the Bank Japan's nine policy board members, sees no need to end the bank's super-loose monetary policy and cut its liquidity reserve target any time soon even as the country shows signs of pulling out of its deflationary cycle,…

Good/bad deflation and Japanese economic recovery

The Discussion Paper "Good deflation/bad deflation and Japanese economic recovery" says economic history suggests that technological progress can go hand in hand with general deflation. It finds that short-run shocks to Japan's relative price structure…

Tanigaki says Japan's economy recovering

Japanese Finance Minister Sadakazu Tanigaki reiterated on Thursday 5 May that the country's consumers are powering economic recovery and vowed to press on with fiscal reforms, although moderate deflation continued to pose a problem.

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.

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.

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