Bank of Japan

  • 2019-08-18 21:46


    TOKYO (MNI) - Kazushige Kamiyama, a former representative of the Bank of Japan's New York branch, has been promoted as the bank's chief economist and director-general of the BOJ Research and Statistics Department, effective immediately.

    The Bank of Japan announced the appointment on Monday, along with that of Toshitaka Sekine, the former chief economist, who has been appointed as the head of the Institute for Monetary and Economic Studies, the BOJ thinktank.

    --MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
    --MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

    [TOPICS: MAJDS$,MMJBJ$,M$A$$$,M$J$$$]

  • 2019-08-08 21:34


    TOKYO (MNI) - The Bank of Japan Friday lowered the scale of its purchases of medium- and super long-term Japanese government bonds, while increasing the size of purchases for JGBs with a remaining life of 1 to 3 years.

    JGBs were little influenced by the BOJ's decisions after bonds opened higher, taking their lead from strong U.S.

  • 2019-08-05 00:34


    TOKYO (MNI) - Bank of Japan, Ministry of Finance and Financial Services Agency officials will meet from 1345 JST (0445 GMT) on Monday to exchange views amid the yen's rise and the sharp fall in the Nikkei stock index.

    The officials meet periodically to exchange views on global financial markets and Monday's meeting is the first since Thursday.

    As of 1307 JST (0407 GMT), the Nikkei stock index was at 20,594.05, down 493.11 points or 2.34% from Friday's close.

    The dollar traded at around Y106.02, down Y0.57 on Friday's close due to a narrowing interest rate gap between the U.S.

  • 2019-07-31 23:06


    KAGOSHIMA, Japan (MNI) - Bank of Japan Deputy Governor Masayoshi Amamiya said Thursday that the BOJ as well as other central banks will conduct policy as appropriate, without preconceptions.

    Packages of various measures, such as lowering short- and long-term interest rates, expanding asset purchases and accelerating the expansion of the monetary base, are possible, Amamiya told business leaders in Kagoshima City.

    The BOJ backed away from pre-emptive easing measures Tuesday, leaving policy unchanged, as the economy continues its moderate expansion, underpinned by solid domestic demand, although it admitted to greater downside risks to both activity and prices.

    The BOJ warned, "In particular, in a situation where downside risks to economic activity and prices, mainly

  • 2019-07-31 08:19


    --Focused On Markets Reaction To Fed Policy Decisions

    TOKYO (MNI) - The Bank of Japan said Wednesday it will leave the frequency and a range of its JGB purchases unchanged in August. Officials in charge of daily open market operations see no need to change the frequency and the size of purchases and didn't want to give unnecessary noise to markets before policy decisions by the U.S. Federal Reserve, due out late today.

    The schedule still sees it refrain from conducting JGB buying operations on days when the Ministry of Finance holds auctions or the B OJholds policy meetings.

    --CALENDAR

    The planned JGB purchase operations in August:

    The zones (amounts to be purchased in ranges)

    --1 to 3 years (Y250-Y500 bln in Aug. vs.

  • 2019-07-17 20:09


    TOKYO (MNI) - Japanese corporate demand for financing via bank loans fell in July from three months ago, as the slowing global economy weighed on corporate sales and capital investment, the Bank of Japan's latest quarterly survey of senior loan officers at 50 banks showed.

    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 -- stood at -2 in July, down from +3 in April.

  • 2019-07-15 21:44


    TOKYO (MNI) - The Bank of Japan said Tuesday it has been appointed Koji Nakamura as general manager for the Americas, to oversee U.S. economic and financial conditions from its New York branch office.

    Nakamura is a former deputy director-general of the BOJ's International Department and a former manager of the Bank's Matsumoto branch.

    Nakamura is also a former head of the financial system research division who compiled the Financial System Report at the BOJ Financial System and Bank Examination Department.

    --MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
    --MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

    [TOPICS: MMJBJ$,M$A$$$,M$J$$$]

  • 2019-07-07 20:45


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda Monday maintained his optimistic growth and inflation outlook for Japan, although there are sizeable downside risks.

    Kuroda's remarks, coming at the opening of the BOJ quarterly branch managers' meeting in Tokyo, indicated that the central bank's overall assessment hasn't changed since the June policy meeting.

    The BOJ will review its medium-term outlooks through fiscal 2021 at the July 29-30 policy meeting.

    The key points of Kuroda's remarks:

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

    --The year-on-year rate of change in the CPI is likely to i

  • 2019-07-05 01:34


    TOKYO (MNI) - The Bank of Japan's supply-side Consumption Activity Index posted the first drop in two months, down a real 0.4% on a seasonally adjusted basis, following +1.7% (revised from +1.4%) in April, data released Friday showed.

    The BOJ's Consumption Activity Index is designed to forecast revised private consumption, not a preliminary estimate.

    The index for the April-May period rose 0.8% on quarter, accelerating from 0% in the first quarter.

    BOJ officials think the developments in the index are consistent with the latest assessment that "private consumption has been increasing moderately, albeit with fluctuations, against the background of steady improvement in the employment and income situation."

    However, they also judge that private consumption, whi

  • 2019-07-03 01:53


    --Adds Comments From Briefing in Paragraphs 5-10

    HIROSHIMA, Japan (MNI) - Bank of Japan board member Yukitoshi Funo said Wednesday that it is highly possible that the BOJ will maintain the current low interest rates beyond spring 2020.

    "For an extended period of time, 'at least through around spring 2020' doesn't mean until spring 2020, it also includes the period after," Funo told business leaders in Hiroshima City.

    According to Funo, the BOJ will manage its monetary policy in an appropriate manner to achieve the 2% price target, taking economic and price conditions into account along with the financial market situation.

    He didn't elaborate on how or when the BOJ would take additional easy policy.

    Funo told reporters that he sees no need for additional easy p