Japan

Japanese banks seek to avoid disclosure

JAPAN - Japan's banks are seeking to avoid revealing potential losses on their derivative portfolios by lobbying regulatory authorities to postpone legislation that forces them to disclose the market value of their positions.

Japan gov't panel starts debate on BOJ policy

JAPAN - The Council on Economic and Fiscal Policy has started talks on the direction of monetary policy, set by the Bank of Japan, as a way of stemming deflation, and will likely issue a set of proposals in September calling for further credit easing.

Japanese financial regulator reprimands ING Baring

JAPAN - ING Barings Japan, the investment bank, has been reprimanded by the Financial Services Agency (FSA), the country's chief banking regulator, for issuing inaccurate and misleading research, and has also been ordered to tighten internal compliance…

Bank of Japan targets deflation

JAPAN - Japan's central bank is ready to consider further steps to bolster the country's troubled economy, with an inflation target now a possibility, according to top finance officials.

Japan loosens monetary policy

JAPAN - The Bank of Japan (BoJ) has decided to make borrowing money cheaper as the weight of huge bad debts and sliding prices continues to cripple the country's domestic economy.

Warning by IMF puts BoJ under pressure

JAPAN - Pressure on the Bank of Japan to ease monetary policy at its two-day meeting that starts today has been increased considerably by the International Monetary Fund's reversal of an earlier growth forecast and its warning that Japan would enter a…

Japanese regulator punishes Citibank

JAPAN - The Japanese branch of Citibank, a part of Citigroup, the world's largest financial services company, has been punished by Japan's financial services agency, the country's chief financial regulator, for illegally helping clients to conceal losses.

Japan profits on yen interventions

JAPAN - The Japanese government has made a profit of about YEN 6,000bn ($49bn) on its foreign exchange reserves during the last decade, partly due to heavy bouts of intervention, a former Ministry of Finance official has said.

BoJ urges move on measurement of bad loans

JAPAN - The Bank of Japan has discreetly urged the Financial Supervisory Agency, the main regulator in Japan, to develop better methods for measuring questionable bank loans, writes the Financial Times in London, 19 July.

No change in Japan gov't economic assessment

JAPAN - Vice Finance Minister Toshiro Muto said on 16 July that the government stands by its assessment of Japan's economy although the Bank of Japan (BOJ) slightly downgraded its economic assessment in its latest monthly report on economic and financial…

MOF denies asking BOJ to use inflation targets

JAPAN - Japanese Finance Minister Masajuro Shiokawa on 29 June played down a media report that government representatives at the Bank of Japan policy board meeting yesterday, 28 June, had put a strong request to the central bank to introduce an inflation…

Regulator unveils Japan bank stock buying fund

JAPAN - Japan's top financial regulator on 26 June unveiled plans for a fund to soak up massive amounts of shares owned by banks to cut their exposure to an uncertain stock market, giving Japan's economic reforms a nudge forward.

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