- Financial markets have settled down somewhat after the last few months of turmoil, but the problems are not over yet, Bank of Japan Governor Toshihiko Fukui said late on Thursday, hours before a Group of Seven meeting. Japanese Finance Minister Fukushiro Nukaga added that Friday's G7 meeting of finance officials will be crucial for discussing the impact of the market turbulence, adding that Japan would tell its G7 peers that it wants to play a role in underpinning stable economic growth in...Read Full Story
Japan's Opposition DPJ rejected two government nominees for BOJ Governor; Analysis by Yukio Hatoyama, DPJ Secretary General; Masaaki Shirakawa as Interim BOJ Governor; Analysis by Toshihiko Fukui, Former BOJ Governor; Under Fukui the Bank of Japan ended its zero interest rate policyRead Full Story
- Japan's trade surplus narrowed in July as automobile exports cooled, heightening concern that growth in the world's second-largest economy may slow. The surplus fell 21.1 percent to 671.2 billion yen ($5.9 billion), the Finance Ministry said in Tokyo today. The median estimate of 35 economists surveyed by Bloomberg News was for 844 billion yen. A U.S. housing crisis sparked a global sell-off of shares and drove the yen to a 4 1/2 month high last week, prompting concern that profit at...Read Full Story
-- Bank of Japan Governor Toshihiko Fukui may say no to an interest-rate increase this week. It won't be his last word on the subject. Even before the market turmoil of last week, capped off by the U.S. Federal Reserve's surprise Aug. 17 move to lower the interest rate it charges banks, investors were betting BOJ policy makers would forgo an increase at their Aug. 22-23 meeting. Still, the 71-year-old Fukui, now in the final months of his term, remains determined to secure his legacy of...Read Full Story
The global economy is deteriorating rapidly and financial markets remain under heavy pressure, according to Bank of Japan governor Masaaki Shirakawa. "The global financial markets remain, on the whole, under heavy strain," Shirakawa told a meeting of branch managers. "The global economy -- including emerging countries that had been relatively buoyant until recently -- is slowing down rapidly," he added. Japan's economy "is worsening and is likely to face tougher conditions" as exports weaken...Read Full Story
NEW YORK (Reuters) - The yen fell to a multi-month low against the dollar on Tuesday after the Bank of Japan boosted its asset-buying program, though analysts cautioned that the yen's slide could be braked as the effect of the monetary easing fades.
The Bank of Japan on Tuesday further eased monetary policy, increasing its asset purchase programme by 10 trillion yen ($130 billion) to about 65 trillion yen, as it looks to end deflation.It also said its policy board voted unanimously to keep the key interest rate unchanged at between zero and 0.1 percent."For the time being, the bank will pursue powerful monetary easing by conducting its virtually zero interest rate policy and by...
Feb. 14 (Bloomberg) -- Asian stocks fell after Moody's Investors Service cut credit ratings of six European countries, reigniting concern the region may not contain its debt crisis. Japanese equities reversed losses after the central bank ...
TOKYO Feb 14 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Tuesday that Japan's economy is headed towards a moderate recovery but the outlook remains highly uncertain. He shrugged off suggestions that the central bank eased ...
Feb. 14 (Bloomberg) -- Japanese stocks rose, reversing earlier declines and sending the Nikkei 225 Stock Average to a five-month-high, after the Bank of Japan unexpectedly expanded its asset purchases to spur growth. Toyota Motor Corp. paced ...
Toshihiko Fukui is the Bank of Japan governor. Fukui graduated with an LL.B. from the University of Tokyo in 1958, and has worked at the Bank of Japan ever since. He is sometimes referred to as "Japan's Greenspan".