Bank of Japan

  • 2019-04-19 00:25


    TOKYO (MNI) - The Bank of Japan on Friday unexpectedly reduced the scale of its purchases of longer-end Japanese government bonds.

    - The BOJ Friday lowered its purchases of JGBs with a remaining life of 10 to 25 years to Y160 billion from Y180 billion. The reduction was the first since Feb 12 when the BOJ lowered the scale to Y180 billion from Y200 billion.

    - The amount of purchase of JGBs with a remaining life of more than 25 years was lowered to Y40 billion from Y50 billion. That cut was the first since Sept 21 2018 when the BOJ lowered the scale of Y50 billion from Y60 billion.

    - The reduction weren't expected by JGB players and the operations increased upward pressure on bond yields.

  • 2019-04-18 20:45


    TOKYO (MNI) - Japanese corporate demand for financing via bank loans in April fell from three months ago as the slowing global economy decreased companies' sales and capital investment, according to the Bank of Japan's quarterly survey of senior loan officers at 50 banks released Friday.

    The index for corporate fund demand -- calculated by subtracting the number of banks reporting a decline in lending from the number of those reporting an increase -- came in at +3 in April, down from +4 in January.

  • 2019-04-18 20:30


    --Japan Core CPI Up 0.8% y/y In March Vs. +0.7% in February

    TOKYO (MNI) - Japan's nationwide core consumer price index rose 0.8% on year in March, accelerating from +0.7% in February. However, Bank of Japan officials maintain cautious on the outlook as they don't expect the rising trend to accelerate sharply.

    The March core CPI continued to be boosted by positive contribution from energy prices (0.39 percentage point in March vs. 0.34 percentage point in February and 0.37 percentage point in January).

    The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) rose 0.4% on year in March, unchanged from February.

  • 2019-04-17 07:16


    --Repeat of story originally published at 0603GMT April 17

    TOKYO (MNI) - Despite rapid growth in real estate loans, the Bank of Japan still sees financial and economic activities as a whole showing no signs of overheating such as seen through the late 80's 'bubble', the BOJ's biannual Financial System Report released Wednesday said.

    However, the report said "possible vulnerabilities of the real estate market warrant close attention."

    The latest FSR again pointed to the accumulated risks caused by prolonged easy policy, but the comments will not prompt the BOJ board to unwind it anytime soon.

    The report also said regional financial institutions have generally not been able to secure profits commensurate with the increase in risk-weighted assets, while their capital

  • 2019-04-17 02:03


    TOKYO (MNI) - Despite rapid growth in real estate loans, the Bank of Japan still sees financial and economic activities as a whole showing no signs of overheating such as seen through the late 80's 'bubble', the BOJ's biannual Financial System Report released Wednesday said.

    However, the report said "possible vulnerabilities of the real estate market warrant close attention."

    The latest FSR again pointed to the accumulated risks caused by prolonged easy policy, but the comments will not prompt the BOJ board to unwind it anytime soon.

    The report also said regional financial institutions have generally not been able to secure profits commensurate with the increase in risk-weighted assets, while their capital adequacy ratios and stress resilience have declined moderat

  • 2019-04-17 01:32


    --Japan March Exports Fall -2.4% Y/Y After -1.2% In February

    TOKYO (MNI) - Japan's exports fell again in March, posting a fourth straight drop, indicating exports continue to be hit by slowing global demand, with Bank of Japan officials watchful over the outlook.

    BOJ officials are looking at how recovering domestic demand in China will boost Japan's exports of capital goods, automobiles and electronic parts and devices this month to see whether examine the exports have bottomed.

    Exports, a main driver for Japan's economy, fell 2.4% on year in March following a 1.2% decline in February, beating the MNI median forecast of a 2.7% fall, led by lower exports steels, auto parts and optical equipment.

    Exports to China fell 9.4% on year in March following a gain of 5.6% in

  • 2019-04-10 02:37


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Wednesday that consumer prices remain weak in Japan when compared with the economic expansion and the tightness of labor markets.

    "Weak price moves continue but prices for processed foods are raising. If price hike moves expand, corporate and household inflation expectations will rise gradually," Kuroda said at the Trust Companies Association of Japan.

    Kuroda, however, said that it will take time to achieve the 2% price stability target.

    "Various risks, including overseas economies, persist.

  • 2019-04-09 09:00


    --IMF WEO Keeps Japan 2020 GDP Forecast At 0.5%
    --IMF: Sustained monetary accommodation necessary

    TOKYO (MNI) - The International Monetary Fund has lowered its forecast for Japanese economic growth in 2019 to 1.0% from 1.1% in January, but kept its 2020 GDP forecast at 0.5%, the latest IMF's World Economic Outlook showed Tuesday morning in Washington.

    But the projected 1.0% growth in 2019 was higher than +0.9% made in October.

    The WEO said, "Japan's economy is set to grow by 1.0% in 2019 (0.1 percentage point higher than in the October WEO).

  • 2019-04-08 23:11


    TOKYO (MNI) - Japan has decided to overhaul banknotes, including the Y1000, Y5000 and Y10,000 issues, the Bank of Japan said Tuesday.

    The BOJ and the government have been considering the timing of overhauling the banknotes, with the announcement corresponding to the start of the new "Reiwa" era on May 1.

    Distribution of the new banknotes, which will include anti-counterfeiting features, will likely begin in a few years.

    The Imperial era will change from Heisei to Reiwa on May 1, when Crown Prince Naruhito ascends to the throne as emperor.

    The 1,000 yen note will depict Shibasaburo Kitasato, the father of modern medicine in Japan who discovered the bacterium responsible for the bubonic plague.

    On the 5,000 yen note will be Tsuda University founder Umeko T

  • 2019-04-07 20:33


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda Monday maintained his optimistic economic growth and inflation outlook for Japan.

    Kuroda's remarks, coming at the opening of the BOJ branch managers' meeting in Tokyo, indicated that the central bank's overall assessment hasn't changed from March's policy meeting after the BOJ downgraded its assessment of exports, industrial production and the global economy.

    The key points of Kuroda's remarks:

    --Japan's economy is expanding moderately, with a virtuous cycle from income to spending operating, although exports and production have been affected by the slowdown in overseas economies.