ECONOMY > Finance

  • BOXES
  • LIST

ECONOMY > Economic Policy

JBIC to lend 320 billion yen to Nippon Steel

Japan Bank of International Cooperation (JBIC) will extend a loan of approximately $3 billion (about 320 billion yen) to Nippon Steel around the end of March. The JBIC will take advantage of the system established as part of economic measures covered by the 2019 supplementary budget that allows utilizing the government’s foreign currency from the foreign exchange fund’s special account….Read more

  • March 17, 2020
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY > Finance

Suga seeks int’l cooperation to stabilize markets

Tokyo, March 16 (Jiji Press)–Japan’s Chief Cabinet Secretary Yoshihide Suga stressed on Monday the need for international cooperation in stabilizing financial markets shaken by concerns over the new coronavirus, referring to an emergency interest rate cut by the U.S. Federal Reserve on Sunday.   “It is extremely important to stabilize financial markets in each country,” the top government spokesman said….Read more

  • March 16, 2020
  • , Jiji Press , 12:54 p.m.
  • English Press

ECONOMY

Global money pours into Japan-focused funds at near record levels: Succession vacuums and spinoffs produce prime buyout targets

TOKYO — New Japan-focused equity funds are on track to rake in more than 500 billion yen ($4.8 billion) in investment this year, which would rival the largest annual sum on record.

  • March 14, 2020
  • , Nikkei Asian Review , 4:44 p.m.
  • English Press

ECONOMY

Japan’s ruling party and BOJ squabble over digital yen: Ruling party lawmakers want to push forward, but central bank seeks more time

Eagerness within Japan’s ruling Liberal Democratic Party for a digital yen is making the Bank of Japan nervous.

  • March 10, 2020
  • , Nikkei Asian Review , 3:24 p.m.
  • English Press

ECONOMY

BOJ vows to ensure market stability amid coronavirus outbreak

Bank of Japan Governor Haruhiko Kuroda pledged Monday that the central bank will make every effort to ensure stability in financial markets that have been roiled as the new coronavirus spreads worldwide.   Issuing an emergency statement, Kuroda said the BOJ “will closely monitor future developments, and will strive to provide ample liquidity and ensure stability in financial markets through….Read more

  • March 2, 2020
  • , Kyodo News , 11:26 a.m.
  • English Press
  • ,

ECONOMY

BOJ launches team to study central bank digital currency

Bank of Japan Deputy Governor Masayoshi Amamiya said on Feb. 27 that the central bank has set up a team within the Payment and Settlement Systems Department to study the pros and cons of issuing a central bank digital currency (CBDC). The team will work closely with domestic and international experts as well as central banks overseas to better understand….Read more

  • February 28, 2020
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY > Economic Policy

Gist of communique released by G-20 finance leaders

The following is the gist of a communique released Sunday after a two-day meeting of finance ministers and central bank governors from the Group of 20 major economies in Saudi Arabia. G-20:   — will enhance global risk monitoring, including of the recent new coronavirus outbreak.   — stand ready to take further action to address risks.   — remain committed to using all….Read more

  • February 24, 2020
  • , Kyodo News , 4:28 a.m.
  • English Press

ECONOMY

Gov’t to create a new business category: financial intermediary

The Japanese government is adding “financial services intermediary” as a new business category, defined as those engaging in sales of financial instruments across different fields of financial services, such as insurance and investment trust, to consumers who are using smartphones and other devices. The new category may become official as early as in 2021. Under current regulations, banks and insurance….Read more

  • January 28, 2020
  • , Nikkei , p. 1
  • JMH Translation

ECONOMY > Finance

Japan nominates reflation advocate as BOJ policymaker

Tokyo, Jan. 28 (Jiji Press)–The Japanese government on Tuesday presented to parliament a plan to appoint Marusan Securities Co. <8613> economist Seiji Adachi, known as an advocate of reflation through aggressive monetary easing, as a Bank of Japan Policy Board member.     Adachi, 54-year-old head of Marusan Securities’ economic research department, is set to replace Yutaka Harada, 69, whose term….Read more

  • January 28, 2020
  • , Jiji Press , 3:56 p.m.
  • English Press

ECONOMY > Finance

Japan to approve 4.47 tril. yen disaster-focused extra budget Thurs.

TOKYO — Japanese parliament is expected to approve next Thursday an extra budget worth 4.47 trillion yen ($40.8 billion) for fiscal 2019 to support reconstruction efforts from natural disasters, lawmakers said Friday.   Hiroshi Moriyama, Diet affairs chief of the ruling Liberal Democratic Party, and Jun Azumi, Moriyama’s counterpart in the main opposition Constitutional Democratic Party of Japan, set the….Read more

  • January 24, 2020
  • , Kyodo News , 2:35 p.m.
  • English Press
  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan