Leika's Feed
Mar 30, 2015

BOJ’s lone voice Kiuchi starting to be heard as QE deadline looms

TOKYO, March 31 (Reuters) – Takahide Kiuchi often appears a
lone voice of dissent on the Bank of Japan board as his
proposals to change key elements of its massive monetary
stimulus are consistently voted down, but two years into the
policy he is looking increasingly prescient.

With the BOJ no closer to hitting the 2 percent inflation
target it set for April 2015 when Governor Haruhiko Kuroda
embarked on his radical money-printing drive, other members on
the nine-strong board are starting to share Kiuchi’s concerns
about the pitfalls of the policy.

Mar 27, 2015

Japan core consumer inflation grinds to halt, keeps Bank of Japan pressured

TOKYO (Reuters) – Japan’s annual core consumer inflation ground to a halt in February when excluding the effect of last year’s tax hike, the first time it has stopped rising in nearly two years, keeping the central bank under pressure to expand monetary stimulus further.

Household spending slumped even as job markets continued to improve, underscoring the challenges premier Shinzo Abe faces in steering the economy toward a solid, sustainable recovery.

Mar 26, 2015

Japan core consumer inflation grinds to halt, keeps BOJ pressured

TOKYO, March 27 (Reuters) – Japan’s annual core consumer
inflation ground to a halt in February when excluding the effect
of last year’s tax hike, the first time it has stopped rising in
nearly two years, keeping the central bank under pressure to
expand monetary stimulus further.

Household spending slumped even as job markets continued to
improve, underscoring the challenges premier Shinzo Abe faces in
steering the economy toward a solid, sustainable recovery.

Mar 26, 2015

BOJ newcomer Harada says price target, timeframe not rigid goals

TOKYO (Reuters) – New Bank of Japan board member Yutaka Harada said on Thursday it is “impossible” to consider the central bank’s 2 percent inflation target and the two-year timeframe for achieving it as “rigid” goals.

The remark contradicts BOJ Governor Haruhiko Kuroda’s stance that the central bank ought to persist in hitting 2 percent inflation within a deadline, which is now set for during or around the fiscal year that will begin April 1.

Mar 24, 2015

Japan finance minister urges BOJ to be mindful of weak-yen risks

TOKYO (Reuters) – Japanese Finance Minister Taro Aso urged the central bank on Tuesday to be mindful of the risk of causing sharp, unwelcome falls in the yen when it decides on whether to expand its already radical stimulus program.

Asked in parliament about declines in the yen resulting from the BOJ’s massive monetary easing, Aso said he hopes the central bank guides monetary policy taking into account that volatile exchange rates are undesirable for the economy.

Mar 22, 2015

Abe-Kuroda honeymoon soured by fiscal friction

TOKYO (Reuters) – A rift is emerging between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan’s tattered finances, which could blunt the impact of the “Abenomics” stimulus policies they have worked together to prosecute.

Two years into Bank of Japan Governor Haruhiko Kuroda’s tenure, the cracks are becoming hard to conceal and could affect the timing of any further monetary easing and an eventual end to the massive money-printing program he set in train.

Mar 20, 2015

BOJ Kuroda says success of QQE has global implications

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday the success of the central bank’s quantitative easing program has important implications not only for Japan’s economy but for monetary policy around the globe.

Kuroda said markets won’t draw “unwarranted conclusions” that the BOJ will ease monetary policy again if they know that the underlying slowdown in consumer inflation is due largely to slumping oil prices.

Mar 20, 2015

Japan government urged Bank of Japan to go slow on inflation target: minutes

TOKYO (Reuters) – Government officials attending the Bank of Japan’s February meeting dropped their calls to hit its inflation target “at the earliest date possible,” signaling to the central bank that it shouldn’t rush in accelerating inflation.

BOJ Governor Haruhiko Kuroda has stuck to his view the central bank will to meet its 2 percent inflation target around the year beginning in April, even if it meant expanding an already massive stimulus program further.

Mar 20, 2015

Japan govt urged BOJ to go slow on inflation target: minutes

TOKYO (Reuters) – Government officials attending the Bank of Japan’s February meeting dropped their calls to hit its inflation target “at the earliest date possible,” signalling to the central bank that it shouldn’t rush in accelerating inflation.

BOJ Governor Haruhiko Kuroda has stuck to his view the central bank will to meet its 2 percent inflation target around the year beginning in April, even if it meant expanding an already massive stimulus programme further.

Mar 17, 2015

Bank of Japan maintains aggressive stimulus, but cuts inflation outlook

TOKYO (Reuters) – The Bank of Japan maintained its massive stimulus programme on Tuesday and signalled its conviction that a steady economic recovery will help achieve its ambitious price target without immediate, additional monetary easing.

The central bank, however, offered a slightly more downbeat view on the price outlook, though it stressed the slowdown in inflation was due to temporary declines in oil prices.