Bank of Japan

  • 2020-01-28 00:25


    TOKYO (MNI) - Japan's government on Tuesday nominated Seiji Adachi, 54, chief economist at Marusan Securities, as a successor to BOJ board member Yutaka Harada, Diet officials confirmed to MNI.

    A series of nominations to a key parliamentary committee for candidates to replace officials in major positions expiring by April included that for the replacement BOJ board position, the official said.

    Pending parliamentary approval, Adachi will replace Harada, whose five-year term on the nine-member BOJ board ends Mar. 25.

  • 2020-01-27 01:11


    TOKYO (MNI) - Japan's government will submit the names of candidates to take major government posts to the Diet on Jan. 27, a Diet official said Monday.

    The official didn't elaborate on what positions would be among the nominations, but the lists will likely include candidate of Yutaka Harada, Bank of Japan board member and whose five-year term ends on Mar.

  • 2020-01-23 19:44


    TOKYO (MNI) - The Bank of Japan must consider possible pre-emptive policy options to cope with greater downside risks to economic activity and prices, a few Board members suggested at the December 18-19 policy-setting meeting, according to the minutes released Friday.

    However, many board members were prepared to stick with the current easy policy, while closely watching developments.

    One member voiced concern over side-effects from the Bank's easy policy, citing the deceleration in lending by regional financial institutions.

    The BOJ voted 7-2 to left monetary policy unchanged at the meeting, as widely expected, repeating that "downside risks concerning overseas economies seem to remain significant, and it also is necessary to pay close attention to their impact on firms'

  • 2020-01-22 01:49


    TOKYO (MNI) - The Bank of Japan warns that corporate investment may slow if profits at automobile-related goods and capital goods firms declined, according to full text of the quarterly Outlook Report published Wednesday.

    "Business fixed investment, (a main pillar for an economic recovery), is expected to remain steady overall as firm investments in construction as well as in software and research and development offset weak machinery investment by manufacturers," the report said.

    "However, since some weakness has continued in exports and production - particular in automobile-related goods and capital goods, both of which have a large impact on Japan's economy - due attention needs to be paid to the possibility that firms' investment stance may become cautious if profits

  • 2020-01-15 01:36


    --BOJ: 6 Out of 9 Japan regions Keep Econ View From Oct, 3 Regions Cut

    TOKYO (MNI) - Japan's economy continues to either expand or recover in all its nine regions as domestic demand, such as capital investment and private consumption, continue rising, the Bank of Japan's quarterly regional economic report showed Wednesday.

    "According to assessment from regions across Japan, all nine regions reported that their economy had been either expanding or recovering," the report said.

    The report noted that the slowdown in overseas economies and natural disasters were affecting exports, production and business sentiment, but the impact was limited.

    It added, "The background to this was that domestic demand, in terms of such items as business fixed investment and private consu

  • 2020-01-15 01:00


    --BOJ: 6 Out of 9 Japan regions Cut Econ View From Oct, 3 Regions Cut

    TOKYO (MNI) - Japan's economy continues to either expand or recover in all its nine regions as domestic demand, such as capital investment and private consumption, continue rising, the Bank of Japan's quarterly regional economic report showed Wednesday.

    "According to assessment from regions across Japan, all nine regions reported that their economy had been either expanding or recovering," the report said.

    The report noted that the slowdown in overseas economies and natural disasters were affecting exports, production and business sentiment, but the impact was limited.

    It added, "The background to this was that domestic demand, in terms of such items as business fixed investment and private consum

  • 2020-01-14 21:47


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda has maintained his bright outlook for Japan's economy and prices, but says the BOJ will not hesitate to take additional easing measures if needed.

    "Japan's economy is likely to continue on a moderate expanding trend, as the impact of the slowdown in overseas economies on domestic demand is likely to be limited," Kuroda said at the opening of the quarter branch managers' meeting on Wednesday.

    In additional comments, Kuroda said: "The BOJ will adjust policy in order to keep the momentum toward achieving the price stability target."

    Kuroda largely repeated his previous remarks on economic conditions and the conduct of monetary policy.

    The key points in Kuroda's remarks were:

    --"The BOJ will not hesitate t

  • 2020-01-09 17:50


    By Hiroshi Inoue

    TOKYO (MNI) - Japan's policymakers must prepare contingency plans for the increased risk of a bursting of the asset bubble in 2020 which could lead to a worsening of the financial system.

    Pinpointing when and how asset bubbles burst is difficult, but the International Monetary Fund has warned that the vulnerability at non-banks and firms is higher than that of the Lehman Shock.

    The U.S.

  • 2019-12-26 20:56


    TOKYO (MNI) - Bank of Japan board members are vigilant against the downside risks to economic activity and prices, although the board consensus is to maintain policy settings with the goal of achieving price stability targets.

    A summary of opinions from the last policy meeting, held on December 18-19, shows that while the BOJ board let policy setting unchanged, the bank stands ready to ease policy if economic conditions worsen.

    According to the minutes, one member said, "It may become necessary to conduct further monetary easing this time as well, depending on the underlying trend in consumption."

    Another member said, "In the current situation where risks are skewed to the downside, the BOJ should continue to examine whether additional monetary easing will be necess

  • 2019-12-26 03:34


    --BOJ Keeps scale of each JGB Buying operation unchanged

    TOKYO (MNI) - The Bank of Japan said Thursday that it has decided to leave the frequency of its bond buying operations and the scale of each JGB purchase operation unchanged in January from December.

    It also said that the bank will conduct purchases in a flexible manner while taking account of market conditions, so as to achieve the target level of a long-term interest rate specified by the guideline for market operations.

    --CALENDAR

    The planned JGB purchase operations in January:

    The zones (amounts to be purchased in ranges)

    --1 to 3 years (Y300-Y550 bln in Jan. vs. Y300-Y550 bln in Dec.)

    --3 to 5 years (Y200-Y450 bln in Jan. vs.