Tetsushi's Feed
Mar 27, 2015

Japan still cautious on AIIB, to keep in contact with U.S.

TOKYO (Reuters) – Japan remains cautious about joining the China-led Asian Infrastructure Investment Bank (AIIB), Finance Minister Taro Aso said on Friday, as a March 31 deadline draws near for becoming a founding member.

Japan is in close contact with key ally the United States about the Beijing-based institute, and has yet to receive any response from China over concerns it has expressed about the AIIB, Aso told reporters after a cabinet meeting.

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

Australia signals approval of China-based AIIB; Japan divided

TOKYO/SYDNEY, March 20 (Reuters) – Australia said on Friday
there was a lot of merit in the China-led Asian Infrastructure
Investment Bank (AIIB) while Japan’s finance minister signalled
cautious approval of the institution that the United States has
warned against.

However, other top officials in Tokyo were more sceptical,
reflecting a split in the government of Prime Minister Shinzo
Abe over whether joining an institution launched by Japan’s main
rival would help or hinder its interests.

Mar 20, 2015

Japan split on joining AIIB bank, caught between US, China

TOKYO (Reuters) – Japan is split over joining a China-led development bank, concerned about missing out on the rapidly coalescing global movement for the institution while also worried about alienating ally United States and helping bolster rival China, officials said.

Finance Minister Taro Aso signaled for the first time on Friday that Tokyo could be part of the Asian Infrastructure Investment Bank (AIIB) if it can guarantee a credible mechanism for providing loans.

Mar 20, 2015

Japan, Australia signal approval of China-based AIIB

TOKYO/SYDNEY, (Reuters) – Japan signaled cautious approval of the China-led Asian Infrastructure Investment Bank (AIIB) on Friday and said for the first time that, if conditions were met, it could join the institution that the United States has warned against.

Australian Treasurer Joe Hockey said there was “a lot of merit” in the bank and the Sydney Morning Herald newspaper reported that Canberra could formally decide to sign up when the full cabinet meets on Monday.

Mar 20, 2015

Japan, Australia signal approval of China-based Asian Infrastructure Investment Bank

TOKYO/SYDNEY, (Reuters) – Japan signalled cautious approval of the China-led Asian Infrastructure Investment Bank (AIIB) on Friday and said for the first time that, if conditions were met, it could join the institution that the United States has warned against.

Australian Treasurer Joe Hockey said there was “a lot of merit” in the bank and the Sydney Morning Herald newspaper reported that Canberra could formally decide to sign up when the full cabinet meets on Monday.

Mar 18, 2015

Japan business mood patchy on effects of weak yen: Reuters Tankan

TOKYO (Reuters) – Confidence at Japanese manufacturers rose for a second straight month in March but slid among service sector firms, a Reuters poll showed, reflecting the boost given to big exporters by a weak yen and the pain suffered by other firms paying more for imports.

The Reuters Tankan – which closely tracks the Bank of Japan’s tankan survey – suggested that the central bank’s poll due April 1 is likely to show steady improvement among big manufacturers.

Mar 18, 2015

Ex-IMF Shinohara – Weak yen won’t cause ‘currency war’ with U.S

TOKYO (Reuters) – The yen’s fall against the dollar will not cause a “currency war” between Japan and the United States, as it stems from the two nations’ diverging monetary policies, a former top official of the International Monetary Fund and Japan’s Finance Ministry said.

Naoyuki Shinohara, an IMF deputy chief until last month and Japan’s top currency diplomat before that, said on Wednesday he had not heard much concern from the U.S. administration over the yen’s decline, even as the Japanese currency hovers near eight-year lows to the dollar.

Mar 18, 2015

Big Japan firms plan bigger pay hikes but smaller firms expected to lag

TOKYO, March 18 (Reuters) – Japanese blue-chip firms
announced wage hikes on Wednesday that topped increases last
year, but overall pay raises across corporate Japan are not
expected to offset higher costs of living for workers or be
enough to drive a sustainable economic recovery.

Major exporters like Toyota Motor Corp were
responding for a second year to public calls from Prime Minister
Shinzo Abe’s government for help in generating a virtuous cycle
of higher profits, wages and prices to decisively end two
decades of deflation and stop-start growth.

Mar 17, 2015

Japan Inc wage hikes not enough to meet higher cost of living -Reuters poll

TOKYO, March 17 (Reuters) – Most Japanese firms plan to
raise salaries by at least the same degree as last year, but
even two years of wage hikes will not be enough to compensate
workers for increases in the cost of living, a Reuters poll
showed.

Since taking office in late 2012, Prime Minister Shinzo Abe
has heaped pressure on businesses to lift wages – seen as
essential if his stimulus policies are to succeed in boosting
consumer spending and dragging the world’s third-largest economy
decisively out of decades of deflation and stagnant growth.