Bank of Japan

  • 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

  • 2019-07-02 22:50


    --BOJ Will Act In Timely Manner To Hit Price Target

    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.

    At the latest policy meeting held June 19-20, the BOJ left

  • 2019-07-02 21:16


    TOKYO (MNI) - The Bank of Japan Wednesday lowered the scale of its purchases of Japanese government bonds with a remaining life of 3 to 5 years and 10 to 25 years, while increasing the scale of its purchases of JGBs with a remaining life of 1 to 3 years.

    The BOJ offered to buy Y380 billion of 3 to 5 year JGBs, down from Y400 billion at the similar operation on June 26.

  • 2019-06-27 20:54


    TOKYO (MNI) - The Bank of Japan needs to strengthen monetary easing amid growing expectations for looser policy in the U.S.

  • 2019-06-24 20:42


    TOKYO (MNI) - Many Bank of Japan board members agreed to clarify that the bank will patiently keep its current easy policy as uncertainties over the outlook are high and it will still take time to achieve the 2% price target, the minutes of the April 24-25 policy-setting meeting released Tuesday showed.

    Some members emphasized the need to make forward guidance on rates clearer to strengthen public confidence in its policy.

  • 2019-06-21 05:59


    TOKYO (MNI) - The yield on the 10-year Japanese government bonds hit a record low -0.195% Friday following the recent downtrend of global bond yields, before bouncing to -0.165% on profit-taking.

    The BOJ board unofficially allows the 10-year bond yield to move in a range of -0.20% to +0.20%, although the BOJ is targeting a level around zero percent.

    The recent drop in JGB yields, triggered largely by the decline in U.S. Treasury bond yields, is consistent with overseas moves based on concern over a weaker global economy and didn't prompt the BOJ to reduce the scale of its operational purchases of long-term bonds on Friday.

    BOJ Governor Haruhiko Kuroda said Thursday said that the 10-year policy rate is a target and the central bank should cope with rate movements in

  • 2019-06-20 21:33


    TOKYO (MNI) - The Bank of Japan left the scale of its purchases of long-term Japanese government bonds unchanged at Y480 billion Friday, despite speculation it might reduce the scale amid the recent drop in 10-year bond yields.

    The BOJ offered to buy Y480 billion of JGBs with a remaining life of 5 to 10 years, unchanged from the previous similar operation on June 14.

    The BOJ didn't lower the scale of its purchase of long-term JGBs, seeing the recent drop in bond yields as consistent with overseas bond movements and not too rapid.

    The benchmark 10-year JGB traded at -0.170% after briefly rising to -0.165% in early Friday trade.