Leika's Feed
Nov 6, 2015

BOJ Kuroda highlights China slowdown as biggest threat to Japan

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda warned on Friday that a prolonged, deeper-than-expected slowdown in China and other emerging economies was the biggest risk facing Japan’s economic outlook.

“If Japanese companies hold strong concerns over the outlook due to developments in emerging economies, they may forgo capital expenditure or narrow the margin of wage hikes,” Kuroda said in a speech.

Nov 5, 2015

BOJ needs to adapt QQE for a long struggle to raise wages

TOKYO (Reuters) – The Bank of Japan’s former top economist said it should modify its stimulus program to suit a protracted battle against deflation because companies will take much longer than expected to substantially raise wages.

The BOJ held off on expanding its “quantitative and qualitative easing” (QQE) program last week even as it cut its rosy inflation forecasts, clinging to the hope a tightening job market will boost wages and help accelerate price growth.

Nov 5, 2015

BOJ policymakers fret over hit from China slowdown: October minutes

TOKYO (Reuters) – Many Bank of Japan policymakers warned of the damage a prolonged slowdown in emerging economies could have on exports even as they held off on expanding monetary stimulus on Oct. 6-7, minutes of the rate review showed on Thursday.

The minutes offered no sign the nine-member board actively debated monetary easing, with many of them echoing Governor Haruhiko Kuroda’s view that inflation is steadily accelerating when excluding the effect of slumping energy costs.

Oct 30, 2015

BOJ holds rates despite overseas headwinds, stagnant inflation

TOKYO (Reuters) – The Bank of Japan held off on expanding its massive stimulus programme on Friday, preferring to preserve its dwindling policy options in the hope that the economy can overcome the drag from China’s slowdown without additional monetary support.

But the central bank is likely to remain under pressure to expand its already massive asset-buying programme as slumping energy costs, weak exports, and a fragile recovery in household spending keep inflation well short of its 2 percent target.

Oct 30, 2015

BOJ keeps monetary policy steady, focus on price forecasts

TOKYO (Reuters) – The Bank of Japan held off on expanding its massive stimulus program on Friday, preferring to save its dwindling policy options in the hope that the economy can overcome the drag from China’s slowdown without additional monetary support.

But the central bank is likely to remain under pressure to expand its already massive asset-buying program as slumping energy costs, weak exports and a fragile recovery in household spending keep inflation well short of its 2 percent target.

Oct 30, 2015

Bank of Japan keeps monetary policy steady, focus on price forecasts

TOKYO (Reuters) – The Bank of Japan held off on expanding its massive stimulus programme on Friday, preferring to save its dwindling policy options in the hope that the economy can overcome the drag from China’s slowdown without additional monetary support.

But the central bank is likely to remain under pressure to expand its already massive asset-buying programme as slumping energy costs, weak exports and a fragile recovery in household spending keep inflation well short of its 2 percent target.

Oct 29, 2015

Japan consumer prices fall for second month, spending drops

TOKYO (Reuters) – Japan’s core consumer prices fell 0.1 percent in the year to September, a second straight month of declines, keeping inflation distant from the central bank’s 2 percent target.

While the decline was mostly due to slumping energy costs, it will keep the Bank of Japan under pressure to do more to rebuild growth and accelerate inflation in a country mired in nearly two decades of grinding price declines.

Oct 29, 2015

Japan consumer prices fall for second month, spending drops

TOKYO (Reuters) – Japan’s core consumer prices fell 0.1 percent in the year to September, a second straight month of declines, keeping inflation distant from the central bank’s 2 percent target.

While the decline was mostly due to slumping energy costs, it will keep the Bank of Japan under pressure to do more to rebuild growth and accelerate inflation in a country mired in nearly two decades of grinding price declines.

Oct 29, 2015

BOJ seen holding fire as output rebound offers some relief

TOKYO (Reuters) – The Bank of Japan is expected to hold monetary policy steady on Friday even while diluting its rosy inflation forecasts, sources say, clinging to the hope a tightening job market will underpin consumption and help the economy emerge from a soft patch.

Some BOJ policymakers have worried that sluggish demand in emerging Asian markets could hurt output and corporate sentiment enough to delay planned capital investment and wage hikes.

Oct 29, 2015

Bank of Japan seen holding fire as output rebound offers some relief

TOKYO (Reuters) – The Bank of Japan is expected to hold monetary policy steady on Friday even while diluting its rosy inflation forecasts, sources say, clinging to the hope a tightening job market will underpin consumption and help the economy emerge from a soft patch.

Some BOJ policymakers have worried that sluggish demand in emerging Asian markets could hurt output and corporate sentiment enough to delay planned capital investment and wage hikes.