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May 28, 2015

Japan April retail sales rebound, ease pressure on BOJ

TOKYO, May 28 (Reuters) – Japan’s retail sales rebounded
modestly in the year to April after three straight months of
falls, bolstering the central bank’s case that consumer spending
is reviving to underpin a steady economic recovery.

The data adds to signs of improvement in consumer confidence
and eases pressure on the Bank of Japan to expand its massive
stimulus programme in the near term, analysts say.

May 27, 2015

Japan policymakers warn against excess yen volatility on eve of G7

TOKYO/SAPPORO, Japan (Reuters) – Japanese policymakers on Wednesday offered mild but harmonized verbal warnings against excess currency turbulence, cautioning markets against pushing the yen down too rapidly.

“In general, excessive exchange-rate volatility is undesirable,” Kyodo news agency quoted Finance Minister Taro Aso as telling reporters before departing Tokyo to attend a Group of Seven finance leaders’ gathering in Germany.

May 27, 2015

BOJ’s Iwata says timing for hitting price goal ‘somewhat delayed’

SAPPORO, Japan (Reuters) – Bank of Japan Deputy Governor Kikuo Iwata said on Wednesday the timing for achieving the bank’s 2 percent inflation target has been “somewhat delayed” from its initial projection.

But he said that with the underlying trend of inflation improving steadily and wages on the rise, Japan will likely hit the 2 percent inflation mark around the first half of next fiscal year, beginning in April.

May 22, 2015

IMF says BOJ, government overly optimistic on Japan’s economic prospects

TOKYO (Reuters) – The International Monetary Fund warned the Bank of Japan will take longer than it expects to hit its inflation target even with more monetary easing, and said “bolder” structural reforms are required to shake off an entrenched deflationary mindset.

In a statement after “Article 4″ consultations with Japanese policymakers released on Friday, the IMF urged Prime Minister Shinzo Abe to speed up fiscal reform and not rely on “overly optimistic” estimates in fixing the country’s finances.

May 22, 2015

IMF says BOJ, govt overly optimistic on Japan’s economic prospects

TOKYO, May 22 (Reuters) – The International Monetary Fund
warned the Bank of Japan will take longer than it expects to hit
its inflation target even with more monetary easing, and said
“bolder” structural reforms are required to shake off an
entrenched deflationary mindset.

In a statement after “Article 4″ consultations with Japanese
policymakers released on Friday, the IMF urged Prime Minister
Shinzo Abe to speed up fiscal reform and not rely on “overly
optimistic” estimates in fixing the country’s finances.

May 22, 2015

BOJ slightly more upbeat on economy, Kuroda sees no need for more easing

TOKYO, May 22 (Reuters) – The Bank of Japan offered a
slightly more upbeat view of the economy on Friday and its
governor shrugged off the need for more monetary stimulus,
dismissing market concerns that the recovery is too slow to
accelerate inflation toward the bank’s target.

Signalling its confidence the world’s third-largest economy
is out of the doldrums, the central bank revised up its
assessment on private consumption and housing investment – areas
hardest hit by last year’s sales tax hike.

May 22, 2015

BOJ slightly more optimistic on economy as business mood improves

TOKYO, May 22 (Reuters) – The Bank of Japan maintained its
massive stimulus programme and offered a slightly more upbeat
view of the world’s third-largest economy on Friday, as a modest
rebound in consumption helped service-sector sentiment improve
to a one-year high.

A Reuters poll showed retailers’ mood turned positive in May
and hit the highest level since June last year, when sales were
reeling after a sales tax increase.

May 22, 2015

BOJ stand pats on policy, offers more upbeat view on economy

TOKYO, May 22 (Reuters) – The Bank of Japan maintained its
massive monetary stimulus on Friday and offered a slightly more
upbeat view of the economy, unfazed by first-quarter GDP data
that offered mixed signs on the strength of the recovery.

The central bank also revised up its assessment on private
consumption and housing investment, underscoring its confidence
that the world’s third-largest economy has emerged from the hit
from last year’s sales tax hike.

May 21, 2015

BOJ to stand pat on policy, may sound more upbeat on economy post-GDP

TOKYO, May 22 (Reuters) – The Bank of Japan is set to
maintain its massive monetary stimulus on Friday and may offer a
slightly more upbeat view of the economy, unfazed by
first-quarter GDP data that offered mixed signs on the strength
of the recovery.

Data on Wednesday showed the world’s third-largest economy
expanded at an annualised 2.4 percent in the first three months
of this year, the fastest pace in a year, a sign Japan was
steadily emerging from last year’s recession.

May 21, 2015

Japan unveils $110 bln plan to fund Asia infrastructure, eye on AIIB

TOKYO, May 21 (Reuters) – Japan unveiled a plan on Thursday
to provide $110 billion in aid for Asian infrastructure
projects, as China prepares to launch a new institutional lender
that is seen as encroaching on the regional financial clout of
Tokyo and its ally Washington.

The amount of Japanese funds, to be invested over 5 years,
tops the expected $100 billion capitalisation of the Asian
Infrastructure Investment Bank (AIIB), the Beijing-sponsored
lender scheduled to begin operations next year.