Bank of Japan

  • 2019-06-06 21:25


    TOKYO (MNI) - The Bank of Japan Friday increased the scale of its purchases of Japanese government bonds with a remaining life of 10 to 25 years to Y200 billion from Y160 billion.

    The increase followed the BOJ's decision of reducing the frequency of its purchases of super long-term bonds to three times from four times monthly.

    The scale of Y200 billion is the middle of a permissible range of Y100 billion to Y300 billion.

  • 2019-05-31 04:54


    --BOJ Ups Upper End of Longer-Term JGB Buying
    --BOJ Makes Gap Between 10-Yr Auction and Long-Term JGB Buys
    --BOJ To Conduct Long-Term JGB Buys 3 Business Days After Auction

    TOKYO (MNI) - The Bank of Japan said Friday it will reduce the frequency of its longer-term Japanese government bond purchases to three times in June from the current four times in May.

    But the BOJ increased the upper end of those bond buying operation to Y300 billion from Y250 billion.

    The bank also extended the time gap between its policy enforcing 5-to-10-year JGB purchases and the regular Ministry of Finance auctions of the benchmark 10-year bonds to boost market pricing and functioning.

  • 2019-05-30 01:50


    --Adds Comments From Briefing in Paragraphs 5-11

    SHIZUOKA, Japan (MNI) - Bank of Japan board member Makoto Sakurai said Thursday that the side-effects of a prolonged easy policy will be an extremely important issue regarding monetary policy.

    "It is vital for the BOJ to manage its monetary policy appropriately, while examining both favorable effects and side-effects, including the accumulated financial imbalances," Sakurai told business leaders in Shizuoka City.

    However, Sakurai sees no imminent need to mitigate the side-effects and to unwind the easy policy and said the BOJ needs to patiently maintain the current easy policy to keep the positive output gap and to support the economy.

    "It isn't desirable for the BOJ to conduct additional easy policy for the reason of

  • 2019-05-29 22:50


    SHIZUOKA, Japan (MNI) - Bank of Japan board member Makoto Sakurai said Thursday that the side-effects of a prolonged easy policy will be an extremely important issue regarding monetary policy.

    "It is vital for the BOJ to manage its monetary policy appropriately, while examining both favorable effects and side-effects, including the accumulated financial imbalances," Sakurai told business leaders in Shizuoka City.

    However, Sakurai sees no imminent need to mitigate the side-effects and to unwind the easy policy and said the BOJ needs to patiently maintain the current easy policy to keep the positive output gap and to support the economy.

    The BOJ board at the April 24-25 policy meeting decided to clarify its stance of maintaining the current power easy policy, saying t

  • 2019-05-29 03:55


    TOKYO (MNI) - The Bank of Japan said Wednesday its net profit fell to Y586.9 billion in fiscal 2018 to March 31, down from a profit of Y764.7 billion in the previous fiscal year, weighed by an increased provision for possible losses on bonds and foreign exchange transactions.

    In fiscal 2018, gains stemming from holding foreign currency assets totaled Y225.7 billion, reversing a loss of Y211.9 billion in fiscal 2017, largely due to the yen's weakness against the dollar.

    At the end of March, dollar-yen stood at Y110.85, up from Y106.27 a year before, while the euro-yen exchange rate fell to Y124.35 from Y130.95.

    In fiscal 2018, the BOJ increased its bond loss reserves by Y815.4 billion to insure against losses from holding sizeable amounts of JGBs as the large-scale m

  • 2019-05-28 23:04


    TOKYO (MNI) - Central banks in advanced economies have real difficulty attaining their 2% inflation targets and solidly anchor inflation expectations in the medium and long term, former European Central Ban president Jean-Claude Trichet said Wednesday.

    "Many reasons have been listed to explain such a situation, including intensifying global competition, weak demographics, mediocre years increase of total factor productivity (TFP) contributing to abnormally weak real growth," Trichet told the 2019 Bank of Japan/Institute for Monetary and Economic Studies Conference.

    "Japan is a case in point amongst major advance economies.

  • 2019-05-28 21:19


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda voiced concern Wednesday over the adverse impact sluggish inflation and low interest rates in advanced economies is having on emerging and developing economies.

    Sluggish inflation developments and low interest rates "in advanced economies could amplify capital flows into emerging and developing economies where inflation and interest rates tend to be higher," Kuroda told the 2019 BOJ/Institute for Monetary and Economics Studies Conference.

    However, Kuroda warned, "They also carry the risk of economic disruptions such as a sudden outflow of capital or losses by borrowers due to exchange rate fluctuations."

    "Recently there has been a growing awareness among developing and advanced economies of the potential adverse i

  • 2019-05-09 20:39


    TOKYO (MNI) - Heightened uncertainties over the outlook for the economy and prices prompted the Bank of Japan to clarify the continuation of its easy policy and the forward guidance for rates at the April 24-25 policy-setting meeting, the summary of opinions at the meeting released Friday showed.

    One member also emphasized the need for the BOJ to strengthen the easy policy at the meeting but the view wasn't shared by others.

    The preliminary minutes also indicated that the discussion on the side-effects of a prolonged easy policy hasn't developed from previous meetings.

    At the meeting, the BOJ kept monetary policy unchanged, with Japan's economy still expanding moderately despite persisting downside risks to both activity and prices.

    But the BOJ clarified its f

  • 2019-05-09 19:50


    --Japan Mar Average Wages -1.9% Y/Y, 3rd Straight Drop; Feb -0.7%
    --Japan Mar Real Average Wages -2.5% Y/Y; Feb -1.0%
    --Japan Mar Base Wages -0.9% Y/Y, 3rd Straight Drop
    --Japan Mar Overtime Pay -3.1% Y/Y, 4th Straight Drop
    --Japan Mar Bonuses, Other Special Pay -12.4% Y/Y, Feb -31.4%

    TOKYO (MNI) - Average wages fell 1.9% on year in March, the third straight year-on-year drop following a 0.7% decline in February, with real wages also in negative territory, preliminary data released Friday by the Ministry of Health, Labour and Welfare showed.

    The key points from the Monthly Labour Survey:

    --Total monthly average cash earnings per regular employee in Japan fell 1.9% on year to Y279,922 in March, the third straight year-on-year drop following a 0.7% fall in February.

  • 2019-05-07 21:02


    TOKYO (MNI) - China's stimulus measure are expected to boost their economy, most Bank of Japan board members expect, although some expressed uncertainty over their impact, the minutes of the March 14-15 policy-setting meeting released Wednesday showed.

    Most members expressed concern over firms' cautious wage- price setting stance and households' caution toward price rises, which will impede a smooth pick-up in both consumer prices and inflation expectations.

    At the meeting, the BOJ left monetary policy unchanged, voting 7-2 to continue with yield curve control and the asset purchases, as Japan's economy is expanding moderately, despite heightened downside risks.

    The minutes showed policymakers didn't discuss additional easy policy at the March meeting.

    The BOJ