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Apr 30, 2015

Japan factory output down again, leaves the Bank of Japan in tight spot

TOKYO (Reuters) – Japanese industrial output fell for a second straight month in March, adding to mounting evidence of an economy struggling to regain momentum after last year’s sizable hit to consumption from a sales tax hike.

The 0.3 percent decline in output compared with a median market forecast for a 2.3 percent drop and a 3.1 percent fall in the prior month, government data showed on Thursday.

Apr 30, 2015

Japan factory output down again, leaves the BOJ in tight spot

TOKYO (Reuters) – Japanese industrial output fell for a second straight month in March, adding to mounting evidence of an economy struggling to regain momentum after last year’s sizable hit to consumption from a sales tax hike.

The 0.3 percent decline in output compared with a median market forecast for a 2.3 percent drop and a 3.1 percent fall in the prior month, government data showed on Thursday.

Apr 28, 2015

Japan inflation trend intact, no worry over price goal – vice economy minister

TOKYO (Reuters) – The Japanese government shares the Bank of Japan view that the country’s inflation trend remains intact, the vice economy minister said, shrugging off concerns over a delay in meeting the central bank’s price goal and suggesting there is no immediate need to ease policy.

Yasutoshi Nishimura, speaking ahead of the BOJ’s policy-setting meeting on Thursday, said he would not be surprised if the 2 percent inflation target was achieved somewhat later than the BOJ timeframe centring on the current fiscal year to next March.

Apr 28, 2015

Japan inflation trend intact, no worry over price goal -vice econmin

TOKYO (Reuters) – The Japanese government shares the Bank of Japan view that the country’s inflation trend remains intact, the vice economy minister said, shrugging off concerns over a delay in meeting the central bank’s price goal and suggesting there is no immediate need to ease policy.

Yasutoshi Nishimura, speaking ahead of the BOJ’s policy-setting meeting on Thursday, said he would not be surprised if the 2 percent inflation target was achieved somewhat later than the BOJ timeframe centering on the current fiscal year to next March.

Apr 21, 2015

Japan govt picks Toyota adviser Funo for divided BOJ board

TOKYO (Reuters) – The Japanese government has nominated Yukitoshi Funo, an adviser to Toyota Motor Corp (7203.T: Quote, Profile, Research), to join the Bank of Japan’s deeply divided nine-member policy board, surprising market watchers who said they knew little about the businessman’s views.

Funo, 68, would replace Yoshihisa Morimoto, a former utility executive whose five-year term expires at the end of June.

Apr 21, 2015

Japan govt picks Toyota adviser Funo for divided Bank of Japan board

TOKYO (Reuters) – The Japanese government has nominated Yukitoshi Funo, an adviser to Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), to join the Bank of Japan’s deeply divided nine-member policy board, surprising market watchers who said they knew little about the businessman’s views.

Funo, 68, would replace Yoshihisa Morimoto, a former utility executive whose five-year term expires at the end of June.

Apr 20, 2015

Japan Inc echoes government’s wary stance towards China-led AIIB: Reuters poll

TOKYO (Reuters) – Nearly three quarters of Japanese firms believe Tokyo should join the China-led Asian Infrastructure Investment Bank (AIIB) only if governance conditions are met, a Reuters poll found, a view that supports the government’s cautious stance on signing up as a member.

The plans for the new bank, seen as a significant setback to U.S. efforts to extend its influence in the Asia-Pacific region and balance China’s growing financial clout, have put Japan in a quandary.

Apr 20, 2015

Japan Inc echoes govt’s wary stance towards China-led AIIB -Reuters poll

TOKYO, April 21 (Reuters) – Nearly three quarters of
Japanese firms believe Tokyo should join the China-led Asian
Infrastructure Investment Bank (AIIB) only if governance
conditions are met, a Reuters poll found, a view that supports
the government’s cautious stance on signing up as a member.

The plans for the new bank, seen as a significant setback to
U.S. efforts to extend its influence in the Asia-Pacific region
and balance China’s growing financial clout, have put Japan in a
quandary.

Apr 20, 2015

Japan, U.S. in for tough bilateral trade talks over rice, autos

TOKYO, April 20 (Reuters) – Japan and the United States
kicked off the second of two days of tough trade talks on Monday
that could pave the way for a broader trans-Pacific trade deal,
although Tokyo shrugged off expectations of a bilateral deal in
time for a summit next week.

Speaking to reporters ahead of the meeting in Tokyo, Economy
Minister Akira Amari said top-level negotiations with U.S. Trade
Representative Michael Froman, will be “very tough”, adding that
bilateral talks will hit the “most critical stage”.

Apr 19, 2015

Japan manufacturers’ mood slides on global uncertainty: Reuters poll

TOKYO (Reuters) – Confidence among Japanese manufacturers slid for the first time in three months in April but service-sector firms’ mood improved, a Reuters poll showed, underscoring the uneven nature of the economy’s rebound from a recession last year.

The Reuters Tankan, which closely tracks the Bank of Japan’s quarterly tankan survey, followed a recent run of weak indicators that has raised concerns about a sustainable recovery in the world’s third largest economy.