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BOJ holds policy steady, upgrades view on consumption, global growth

June 16, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption and overseas growth, signaling its confidence that an export-driven economic recovery was broadening and gaining momentum. But Governor Haruhiko Kuroda is likely to reassure markets the BOJ will still lag well behind the Federal Reserve in dialing back its massive stimulus program, with inflation far from reaching the BOJ’s 2 percent target, say sources familiar with its thinking. “Private consumption has shown increased resilience…

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BOJ to keep policy steady, reassure markets stimulus exit still distant

June 14, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to keep monetary settings unchanged on Friday and reassure markets it will lag way behind the Federal Reserve in dialing back its massive stimulus program, with inflation stubbornly low despite a strengthening economy. Governor Kuroda will also dispel market speculation the BOJ is engaging in “stealth tapering” by stressing that the recent slowdown in the bank’s bond buying is not intentional and simply the result of a stable bond market, say sources familiar with its…

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BOJ to keep pursuing steps for price stability: senior official

June 13, 2017 TOKYO (Reuters) – The Bank of Japan will continue to pursue necessary monetary policy steps to stabilize prices, while keeping an eye on how they affect its financial health, a senior central bank official said on Tuesday. A recent slowdown in the BOJ’s bond buying is due largely to the fact U.S. Treasury yields have stabilized and are exerting less upward pressure on Japan’s long-term interest rates, Masayoshi Amamiya, the central bank’s executive director overseeing monetary policy, told parliament. “It’s hard to say now how a future…

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BOJ may need to coordinate new fiscal plan to lift inflation: Ex-Fed Bernanke

May 24, 2017 By Stanley White TOKYO (Reuters) – Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate a new fiscal spending plan with the government, allowing for inflation to accelerate above its 2 percent target without worsening the debt burden. Making a temporary commitment to allow inflation to overshoot would help keep the ratio of debt to gross domestic product stable, and is different from directly underwriting fiscal spending, Bernanke said. Bernanke also said the BOJ’s current policy framework may be…

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Kuroda says may release stimulus withdrawal impact on BOJ’s financial health

May 10, 2017 By Sumio Ito and Minami Funakoshi TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank will consider publicizing calculations on how a future withdrawal of massive monetary stimulus could affect its financial health. The remark was the first time that Kuroda, who until now had shrugged off as premature any debate over an exit strategy for the BOJ’s radical stimulus program, has signaled the chance of offering such information to the public. “It is very important to explain in easy-to-understand terms…

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Kuroda says BOJ facing ‘challenging’ situation amid low inflation

May 6, 2017 By Leika Kihara YOKOHAMA, Japan (Reuters) – The Bank of Japan is facing big challenges as inflation holds well below its 2 percent target, underscoring the importance for Japan’s central bank to maintain its massive stimulus program, BOJ Governor Haruhiko Kuroda said on Saturday. Japan’s economy has shown signs of life with a pick-up in global demand boosting exports and factory output. But inflation remains subdued despite four years of aggressive money printing since Kuroda became governor in 2013, as slow wage growth dampens household spending. “After…

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IMF’s Furusawa says premature for BOJ to withdraw stimulus

May 6, 2017 By Leika Kihara YOKOHAMA, Japan (Reuters) – Japan’s economy still needs support from ultra-loose monetary policy despite budding signs of recovery, a senior IMF official said, stressing that it was premature for the central bank to consider withdrawing stimulus any time soon. Mitsuhiro Furusawa, the International Monetary Fund’s deputy managing director, said Japan should proceed with gradual increases in the sales tax to rein in its huge public debt as its economy benefits from a rebound in global demand. But Japan’s economy has not strengthened enough to…

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BOJ sounds most upbeat on economy in nine years, policy unchanged

April 27, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan kept monetary policy unchanged on Thursday and offered its most optimistic assessment of the economy in nine years, signaling its confidence that a pick-up in overseas demand will help sustain an export-driven recovery. But the central bank slightly cut its inflation forecast for this fiscal year in a quarterly review of its projections, suggesting that it will maintain its massive monetary stimulus for the time being to achieve its ambitious 2 percent target. At a post-meeting news…

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BOJ’s Iwata says conducting simulation on exit strategy from stimulus

April 25, 2017 By Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan Deputy Governor Kikuo Iwata said on Tuesday the central bank was conducting a study of how it could end its massive monetary stimulus in the future, but acknowledged it was still far from achieving its inflation target. Iwata, speaking in parliament, said the BOJ did not want to publicize the exit-strategy simulation because doing so would cause market confusion given that its 2 percent price goal remains distant. “The BOJ is carrying out a simulation based on several…

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BOJ Kuroda: will continue with monetary easing to meet price target

April 12, 2017 TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday that he will continue with the central bank’s quantitative easing and yield curve control policy to meet its 2 percent inflation target. Kuroda also said he did not think the BOJ’s asset purchases or expansion of the monetary base are causing any problems for the economy or markets. (Reporting by Stanley White; Editing by Chris Gallagher) The post BOJ Kuroda: will continue with monetary easing to meet price target appeared first on One America News…

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