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Bank of Japan

Free Money Friday - Japan Goes Negative and "Saves" Asia (for now)

Phil Davis | Posted 01.29.2016 | Business
Phil Davis

More free money? No, the BOJ did not increase stimulus this morning.  What they did is join Switzerland, Denmark and Sweden in the negative...

Financial Risks Rise Amid Uneven Global Economic Recovery

José Viñals | Posted 06.15.2015 | Business
José Viñals

Additional policy measures -- beyond monetary policies -- are vital to make a durable exit from the global financial crisis and to safeguard financial stability. Crisis legacies need to be addressed. The traction of monetary policies must be increased with complementary reforms and financial excesses need to be contained.

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 01.03.2015 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

Nikkei Soars As Bank Of Japan Announces Unexpected Stimulus Measures

AP | ELAINE KURTENBACH | Posted 12.30.2014 | Business

TOKYO (AP) — Japan's central bank surprised the financial world and pleased investors Friday by intensifying its purchases of government bonds and o...

International Policy Coordination: The Loch Ness Monster

Olivier Blanchard | Posted 02.15.2014 | Business
Olivier Blanchard

International policy coordination is like the Loch Ness monster: much discussed but rarely seen. Going back over the decades, and even further in history to the period between the Great Wars, coordination efforts have been episodic.

Japanese Stocks Plunge More Than 6 Percent

Reuters | Posted 08.12.2013 | Business

TOKYO, June 13 (Reuters) - The Nikkei average tumbled 6.4 percent on Thursday, hitting its lowest close since April 3 - the day before the Bank of J...

Bank Of Japan Launches 'Unprecedented' Stimulus Package

Reuters | Posted 06.04.2013 | Business

* BOJ changes policy target to base money from interest rates * Combines bond-buying schemes, targets JGBs across curve * BOJ to double JGB,...

Euro Nears 4-Month Low

Reuters | Sophie Knight and Hideyuki Sano | Posted 03.27.2013 | Business

* Euro still smarting from 'Cyprus model' suspicions * Little sign of contagion to Italy, Spain * Yen under pressure ahead of April 3-4 BOJ meet...

How the Fed Could Fix the Economy... and Why It Hasn't

Ellen Brown | Posted 04.27.2013 | Business
Ellen Brown

The purpose of QE is to reverse this contraction. But if debt deflation is so easy to fix, then why have the Fed's massive attempts to pull this maneuver off failed to revive the economy? And why is Japan still suffering from deflation after 20 years of quantitative easing?

Central Bankers Making New Moves To Spur Global Economy

Reuters | Posted 04.05.2013 | Business

* Draghi, Carney to hog spotlight * ECB, BOE firmly on hold but unease stir over euro strength * Trade data eyed for sig...

Bank of Japan Prepares to Launch More Zeros

Michael Pento | Posted 03.20.2013 | Business
Michael Pento

The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.

What Causes Interest Rates to Rise

Michael Pento | Posted 06.03.2012 | Business
Michael Pento

However, in contrast to what passes for the economic wisdom of today, an increase in the rate of sovereign bond yields would be a function of deterioration in their credit, currency and inflation risks. But it would never be because of an increase in the prospects for growth.

Japan Worried About Impact Of Controversial U.S. Financial Reform

Reuters | Posted 03.13.2012 | Business

* Japan worried rule could raise costs of trading JGBs * Also concerned about more U.S. control over Japan banks * Also ...

Fed, ECB, Other Central Banks Act To Ease Financial System Strain

AP | DAVID McHUGH and PAUL WISEMAN | Posted 01.30.2012 | Business

FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic...

Olympus To Take Legal Action Against Executives

Posted 11.16.2011 | Business

(Reiji Murai) - Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives f...

Japan Shows How to Defuse Debt Time-Bomb

Ellen Brown | Posted 07.27.2011 | Business
Ellen Brown

A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.

Japan Could Need Additional Stimulus, Moody's Says

Posted 07.23.2011 | Business

TOKYO (Leika Kihara) - Japan's return to recession and a bigger-than-expected slump in first-quarter economic growth are negative for its credit r...

Back In Recession, Japan Keeps Interest Rates Near Zero

AP | Posted 07.20.2011 | Business

TOKYO -- Japan's central bank kept its key interest rate unchanged at virtually zero Friday to shore up a quake-battered economy. The Bank of Japan's...

Japan's Earthquake Will Hit Economy Harder Than First Feared

Posted 06.12.2011 | Business

TOKYO (Rie Ishiguro and Shinji Kitamura) - The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than fir...

Global Central Banks Face An Essential Revolution

Reuters | Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley | Posted 05.25.2011 | Business

By Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley FRANKFURT/WASHINGTON - On a warm, Lisbon day last May, Jean-Clau...

If Japan Can Address Her Crises, Then the U.S. Can Address Job and Energy Insecurity

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

The valuable argument coming from the ashes of this crisis is simple: Japan can afford to rebuild. The economic possibilities of nations depend on human, technological and organizational power.

Dollar Close To Lowest Value Since WWII

AP | Posted 05.25.2011 | Business

NEW YORK — The dollar dropped to a record low against the yen late Wednesday as Japan's nuclear crisis deepened. Debt woes in Europe, tension in...

Bank Of Japan's Emergency Funding Hits $700 Billion

AP | TOMOKO A. HOSAKA | Posted 05.25.2011 | Business

TOKYO — Japan's central bank continued to flood money markets with cash on Wednesday, bringing its total emergency funding to nearly $700 billion as...

Japan PM, Naoto Kan: We Could Be The Next Greece

AP | MARI YAMAGUCHI | Posted 05.25.2011 | Business

TOKYO — Japan could face a financial mess like the one that has crippled Greece if it does not deal urgently with its swelling national debt, the ne...

Laurence Meyer on the Fed: What Is "Whatever It Takes"?

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

I heard Laurence H. Meyer, Vice Chairman of Macroeconomic Advisers, speak yesterday to the New York Association for Business Economics. Here are the highlights of his talk.