Bank of Japan

  • 2020-02-21 01:30


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Friday that he sees no need to review either the policy framework and the 2% price target now.

    "I think the proposals by the IMF (International Monetary Fund) is rational but I don't think it is necessary for the BOJ to review the policy framework now," Kuroda told lawmakers.

    He added that it is premature to discuss an exit of the easy policy as Japan hasn't yet achieved the 2% price target.

    "The BOJ will review as needed, including an exit strategy from the easy policy.

  • 2020-02-20 20:06


    By Hiroshi Inoue

    TOKYO (MNI) - Japan's core consumer price index accelerated in January but Bank of Japan officials are little moved in their outlook as they are still concerned that sluggish private spending will slow corporate price hikes, MNI understands.

    Japan's core CPI rose 0.8% y/y in January, a 37th straight gain, with the pace accelerating from 0.7% in December but lower than the 0.9% seen in April 2019.

    The gain was boosted by higher energy prices (+0.8% y/y in January vs. -0.6% in December) and solid service prices.

    The contribution from energy turned positive (+0.07 percentage point) in January from negative (-0.05 pp in December).

    Prices for goods rose 1.3% y/y in January, slowing from +1.5% in December.

    But prices for goods excluding peris

  • 2020-02-13 22:05


    TOKYO (MNI) - Japan's gross domestic product for the October-December period might have contracted sharply on the back of the slowdown in overseas economies, natural disasters and the post tax hike impact, according to a senior Bank of Japan official.

    Speaking on Friday, Eiji Maeda, the executive director in charge of monetary policy at the BOJ told lawmakers, "There is the possibility that Japan's economy had contracted sharply for the fourth quarter.

    "But looking ahead, downside risks (to economic activity and prices) will likely weaken and a moderate economic recovery will continue and prices will rise amid solid capital investment and government spending."

    Maeda said the BOJ needs to pay attention to the impact of the coronavirus on foreign tourism in Japan and

  • 2020-02-13 21:31


    TOKYO (MNI) - Seiji Adachi, a private economist with a reputation as a reflationist, is set to become a Bank of Japan board member on March 26 after the government's nomination was approved by Japan's Diet.

    Japan's Upper House plenary session on Friday approved Adachi as the successor to BOJ board member Yutaka Harada, whose term ends on March 25.

    On Thursday, Japan's Lower House plenary session approved the government's nomination.

    The appointment of Adachi, who is known as an advocate of aggressive monetary easing, was first announced by Prime Minister Shinzo Abe's Government on Jan.

  • 2020-02-05 21:22


    TOKYO (MNI) - Bank of Japan board member Takako Masai says the BOJ must watch the impact of the coronavirus on the global economy and the sentiment of firms and households in Japan.

    "If there is a greater possibility that the momentum (toward achieving the price stability target) will be lost, the BOJ should not hesitate to take additional easing measures," Masai told business leaders in Nara City on Thursday.

    She added, "The BOJ will persistently devise measures considered necessary at the time and continue to conduct monetary policy in an appropriate manner while carefully paying attention to both the positive effects and side effects of it policy."

    Masai did not elaborate, however, on when and how the BOJ would consider more easing measures.

    Masai is widely

  • 2020-02-04 21:41


    MATSUYAMA, Japan (MNI) - The BOJ still sees the global economy recovering gradually but warned of downside risks, including coronavirus, Bank of Japan Deputy Governor Masazumi Wakatabe said Wednesday.

    "Japan's economy seems to have briefly registered a significant deceleration in the October-December quarter.

  • 2020-01-31 03:28


    --But BOJ Ups Upper End of Longer-End JGB Buying Operation

    TOKYO (MNI) - The Bank of Japan said Friday that it would reduce the frequency of its longer-end Japanese government bond buying operations to 2 in February from 3 in January.

    The decision is aimed at coping with the recent flattening curve and reflects that the BOJ sees steepening curve of super longer-end bond yield desirable.

    The BOJ increased the upper end of longer-end bond buying, such as JGBs with a remaining life of 10-to-25 years to JPY200 billion in February from JPY150 billion in January.

    The BOJ left the frequency of other bond buying operations unchanged at 4 in February, saying it may increase the frequency as needed.

    It also said The Bank will conduct purchases in a flexible manner, taki

  • 2020-01-28 20:56


    --BOJ Publishes Summary Opinions from Jan 20/21 Meeting

    TOKYO (MNI) - A review of the Bank of Japan's monetary policy was becoming a necessity as muted growth and stubbornly low inflation continued, one board member emphasized at the Jan.

  • 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.