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Feb 27, 2015

BOJ Kuroda strikes back at QE critics, defends price goal timeframe

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda defended his two-year timeframe for achieving his ambitious inflation target, warning that adopting a relaxed approach to the deadline would undermine efforts to break the country out of the shackles of deflation.

Kuroda, a former finance ministry bureaucrat, also urged the government to stick to its commitment to fix Japan’s tattered finances, dismissing an idea floated by key government advisers to water down its fiscal reform goals.

Feb 27, 2015

Japan output jumps but consumers unconvinced by Bank of Japan stimulus

TOKYO (Reuters) – Japanese households cut spending more than expected and retail sales fell for the first time in seven months in January, data showed on Friday, a sign the central bank’s radical stimulus has yet to convince consumers that inflation will take hold.

In contrast to the gloom felt among households, companies look to be in better shape as they begin to benefit from the competitive advantage their goods get from a weak yen.

Feb 27, 2015

Japan spending slumps as consumers unconvinced by BOJ’s stimulus

TOKYO, Feb 27 (Reuters) – Japanese households cut spending
more than expected and retail sales fell for the first time in
seven months in January, data showed on Friday, a sign the
central bank’s radical stimulus has yet to convince consumers
that inflation will take hold.

Factory output jumped in January as exports rebounded on
solid U.S. and Asia demand, but manufactures see output rising
only slightly in the current month and then slumping in March,
adding to evidence of an uneven economic recovery.

Feb 26, 2015

BOJ’s Ishida says shouldn’t ease just to hit price goal at a set timing

YOKOHAMA, Japan, Feb 26 (Reuters) – The Bank of Japan should
not expand stimulus further just to hit its 2 percent inflation
target at a set timing, a board member said, joining other
policymakers who see no rush to meet its ambitious goal.

Koji Ishida, a dissenter when the BOJ surprisingly eased
monetary policy in October, also said the central bank will
eventually have to taper aggressive asset purchases once
inflation accelerates towards the target.

Feb 26, 2015

Bank of Japan’s Ishida says shouldn’t ease just to hit price goal at a set timing

YOKOHAMA, Japan (Reuters) – The Bank of Japan should not expand stimulus further just to hit its 2 percent inflation target at a set timing, one of its board members said, joining other policymakers who see no rush to meet the central bank’s ambitious goal.

Koji Ishida, a dissenter when the BOJ surprisingly eased monetary policy in October, also said the central bank will eventually have to taper its aggressive asset purchases once inflation accelerates towards the target.

Feb 26, 2015

Weak spending to show Japan consumers unconvinced by Bank of Japan’s stimulus

TOKYO (Reuters) – Japanese households cut spending further and retail sales fell for the first time in seven months in January, data on Friday is likely to show, a sign the central bank’s radical stimulus has yet to convince consumers that inflation will take hold.

After limping out of recession in the final quarter of last year, the world’s third-largest economy is showing signs of life as exports and output rebound on solid U.S. and Asian demand.

Feb 18, 2015

BOJ to stick to stimulus plan, upbeat on output despite weak rebound from recession

TOKYO (Reuters) – The Bank of Japan is set to maintain its massive asset buying stimulus spree on Wednesday and revise up its view on output, even as data showing only a feeble recovery from recession tempers its optimism.

A much-awaited rebound in exports has offered some hope for BOJ policymakers, who prefer to hold off on expanding stimulus for now even as falling oil prices push inflation further away from its 2 percent target.

Feb 16, 2015

Abe hopes BOJ keeps stimulus to meet inflation goal, upbeat on economy

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Monday he hopes the central bank continues with its bold monetary easing campaign to achieve its 2 percent inflation target.

Speaking in parliament, Abe praised the BOJ’s aggressive stimulus program for helping revive the economy and wipe out the public’s “sticky deflationary mindset.”

Feb 16, 2015

Japan emerges from recession but subdued growth underscores policy challenge

TOKYO, Feb 16 (Reuters) – Japan’s economy rebounded from
recession in the final quarter of last year but growth was
weaker than expected as household and corporate spending
disappointed, underlining the challenge premier Shinzo Abe faces
in shaking off decades of stagnation.

The annualised 2.2 percent expansion in October-December was
smaller than a 3.7 percent increase forecast in a Reuters poll,
suggesting a fragile recovery as the hangover from last year’s
sales tax hike lingered.

Feb 16, 2015

Japan’s economy emerges from recession, growth weaker than forecast

TOKYO (Reuters) – Japan’s economy rebounded from recession to grow an annualized 2.2 percent in the final quarter of last year, giving a much-needed boost to premier Shinzo Abe’s efforts to shake off decades of stagnation even as the global outlook deteriorates.

But the expansion was smaller than a 3.7 percent increase forecast in a Reuters poll, suggesting a fragile recovery for the world’s third-largest economy as consumer mood remained soft and uneven global growth weighed on exports.