Tetsushi's Feed
Apr 1, 2015

Recovery in Japan business mood stalls, capex to be cut – BOJ tankan

TOKYO (Reuters) – Weakening demand at home and abroad weighed on Japanese manufacturers’ confidence in the first quarter and big companies cut spending plans, clouding the outlook for Prime Minister Shinzo Abe’s drive to reflate the economy.

But the latest central bank survey showed service-sector firms saw business conditions improve to a nearly one-year high as they enjoyed lower oil costs and a surge in inbound tourism, underscoring the patchy nature of Japan’s recovery.

Apr 1, 2015

Bank of Japan survey shows manufacturers sentiment unchanged, capex down

TOKYO (Reuters) – Japanese business confidence among manufacturers stalled in the first quarter, a central bank survey showed, underscoring the fragile economic recovery and clouding the outlook for Prime Minister Shinzo Abe’s drive to reflate the country out of deflation.

Big companies also expect to cut capital expenditure in the fiscal year that began on Wednesday, a worrying sign for the Bank of Japan as it prints money aggressively in the hope of nudging companies and households to boost spending.

Apr 1, 2015

BOJ survey shows manufacturers sentiment unchanged, capex down

TOKYO, April 1 (Reuters) – Japanese business confidence
among manufacturers stalled in the first quarter, a central bank
survey showed, underscoring the fragile economic recovery and
clouding the outlook for Prime Minister Shinzo Abe’s drive to
reflate the country out of deflation.

Big companies also expect to cut capital expenditure in the
fiscal year that began on Wednesday, a worrying sign for the
Bank of Japan as it prints money aggressively in the hope of
nudging companies and households to boost spending.

Mar 31, 2015

Japan says not bound by deadline to join AIIB, and not yet decided

TOKYO (Reuters) – As dozens of countries from Europe to the Middle East to Africa jump on the bandwagon of joining the China-backed Asian Infrastructure Investment Bank (AIIB), Japan is opting to stay out for now, with officials believing it can sign up later if its conditions are met.

Japanese officials have shrugged off the March 31 deadline set by China to become a founding member of the Beijing-based bank, and say they attach greater importance to conditions being met rather than when to join.

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.