Japan
Bank of Japan Monetary Policy Meeting, 25 March
Details of the Bank of Japan's emergency monetary policy meeting held on 25 March.
BoJ calls emergency meeting on Iraq
The Bank of Japan held an emergency meeting on Tuesday 25 March to discuss what effect war in Iraq might have on the Japanese economy, according to a report by Associated Press. The bank also announced that it would increase its purchase of commercial…
BoJ calls ad hoc monetary policy meeting
The Bank of Japan has called an ad hoc monetary policy meeting for Tuesday, March 25, to review the prevailing severe economic and financial conditions including the effect of military action against Iraq and consider necessary steps with respect to…
Fukui calls emergency meeting
Toshihiko Fukui, the new governor at the Bank of Japan called an emergency meeting of the policy board for Tuesday morning, March 25, according to the Financial Times, fuelling expectations that the central bank intends to take further emergency measures.
BoJ takes emergency stability measures
The Bank of Japan has taken emergency measures to shore up the financial system as the US led war on Iraq begins. Toshihiko Fukui began his first day as the governor of the BOJ saying on Thursday "The Bank of Japan closely monitors associated economic…
BoJ statement on the military action against Iraq
Statement made Thursday by the governor of the Bank of Japan at the onset of war hostilities.
Fukui taking charge
ARTICLE - This article looks at some of the pressures that will face the new governor of the Bank of Japan as he begins his term. As Toshihiko Fukui takes the BOJ helm, he faces an even more difficult economic situation than that confronted by Hayami,…
Can Fukui pull isolated BOJ in from the cold?
ARTICLE - This article asks whether Fukui will tread his own monetary policy path in an effort to rid Japan of deflation and adopt unorthodox measures which Masaru Hayami steadfastly resisted.
BOJ may buy ETFs under new governor Fukui
Speaking on Tuesday March 18, Toshihiko Fukui, who will formally take up the job of governor of the Bank of Japan on Thursday March 20, suggested the Bank may take up new policies to expand the money supply and thereby fight deflation, according to a…
New BoJ chief signals more aggressive policy
In testimony on Tuesday March 18 the new governor of the Bank of Japan, Toshihiko Fukui, pledged to cushion Japanese economy from any war shocks and said the BoJ would consider broadening the range of assets it buys as part of its controversial scheme,…
Koizumi hands Fukui policy wishlist
The Japanese prime minister, Junichiro Koizumi, handed a list of five requests to the new governor of the Bank of Japan, Toshihiko Fukui, on Friday 14 March according to a report by Kyodo news agency. These included having deflation under control by 2005…
Japanese parliament approves central bank governor
Toshihiko Fukui was approved on Friday March 14 as the next governor of the Bank of Japan, as reported by Kyodo News Service. His five-year term of office will begin next Thursday, March 20.
BoJ asked to buy more stocks
The Japanese government has asked the Bank of Japan to increase the amount of shares it intends to buy as the Nikkei index sank to a 20-year low.
Nikkei falls below 8000 for first time in 20 years
On Wednesday 12 March the Nikkei index fell below a psychological barrier to hit a 20 year low, according to a Reuters report. Analysts said investors were holding back pending further developments between US/Iraq.
Incoming BoJ chief to outline policies in Diet
Toshihiko Fukui will next week outline his policies for fighting deflation and stabilising Japan's economic system to the Japanese Diet, according to the Kyodo News Service. The Bank of Japan governor in waiting will be quizzed before the Diet give their…
Bank of Japan Monthly Report, March 2003
The Bank of Japan has published its Monthly Report of Recent Economic and Financial Developments for March 2003. The BoJ said the domestic economic outlook remained uncertain, with no signs of an imminent improvement, a view it has taken for the last…
Outgoing BOJ's Hayami says only so much we can do
As governor Masaru Hayami prepares to bow out of the Bank of Japan he spoke at his final news conference, reported by Pacific Business News. He said that the central bank could not cure Japan's economic woes on its own and that social and political…
Japan's Monetary Policy Meeting, 13 & 14 February
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 13 and 14 February 2003, released 10 March. The Bank's policy board discussed possible policy-easing steps, including an increase in purchases of Japanese government bonds or more…
New BoJ governor to be approved by Diet
Toshihiko Fukui's appointment as the new governor of the Bank of Japan will be approved by the Diet on 13-14 March, according to a report by Kyodo News service.
BoJ and Japanese government to boost stock prices
Following further falls in the Nikkei Dow, Kyodo News Service announced that the Japanese government and the Bank of Japan have agreed to take steps to boost stock prices which have suffered further falls with the threat of conflict in the gulf.
Outgoing BoJ chief doubts market interventions use
Speaking on Friday Bank of Japan governor Masaru Hayami said he thought central banks attempts to intervene in the foreign exchange market were not vary effective.
Bank of Japan Press Release, 5 Mar
PRESS RELEASE - Decision from the Bank of Japan Monetary Policy Meeting, 5 March.
Incoming BOJ Gov. Fukui mustn't be an also-ran
ARTICLE - This article provides some background on the new governor of the Bank of Japan Toshihiko Fukui. At one time, it says, Fukui was at the forefront of moves to reform the central bank, which had been disparagingly described as "nothing more than a…
Bank of Japan warned on asset holdings
Having made significant stock purchases as part of its policy against non-performing loans outgoing governor of the Bank of Japan Masaru Hayami has said further falls in asset prices could leave the Bank dangerously exposed.