Japan

Speech by Christian Noyer of the ECB

SPEECH - Noyer called the speech 'Success factors of the euro and the ECB' and said the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound, 13 February.

BoJ report paints bleak picture of Japan's economy

JAPAN - The Bank of Japan on Tuesday painted a bleak picture of the world's second largest economy in its monthly report, pointing to lower capital investment, weak private consumption and a harsh lending environment for small companies seeking to raise…

Japan acts to end recession

JAPAN - Prime Minister Junichiro Koizumi has asked his government minister to hammer out a series of economic reforms aimed at lifting Japan out of recession.

G7 to discuss world recovery

CANADA - Efforts to end the world economic downturn and measures to lift the weak Japanese yen will be on the agenda when finance ministers and central bankers from the Group of Seven industrial nations meet in Ottawa, Canada.

Japan ready to intervene in markets

JAPAN - Japan's government said yesterday it was prepared to take "decisive action" to prevent a further fall in the stock market after the Nikkei 225 benchmark index closed at an 18-year low.

Speech by Masaru Hayami, Governor, Bank of Japan

SPEECH - In the speech titled 'Toward Revitalization of Japan's Economy' Hayami said it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.

Speech by Shigemitsu Sugisaki of the IMF

SPEECH - In the speech titled 'Global Prospects after September 11 and Implications for Japan' Sugisaki said that the Bank of Japan should set a deadline to end deflation and stop a cycle of falling prices in the world's second largest economy.

IMF official calls for Japan deflation deadline

US - A top International Monetary Fund (IMF) and former Japan Finance Ministry official said on Friday the Bank of Japan should set a deadline to end deflation and stop a cycle of falling prices in the world's second largest economy.

NZ's Brash - Encouraging signs from US

NEW ZEALAND - Reserve Bank of New Zealand Governor Donald Brash said Friday that there are "encouraging" signs of improvement from the U.S. but Japan remains the biggest risk to the local economy.

BIS research papers

RESEARCH - Research from the BIS 'Comparing monetary policy operating procedures across the United States, Japan and the euro area', Monetary and Economic Department, Bank for International Settlements, December 2001.

The yen's fundamental weakness

FEATURE - The currency's depreciation stems not from government policy but the state of the economy says Haruhiko Kuroda, Japan's viceminister of finance for international affairs.

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