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G-20 Backs Japan on Yen Policies

Wall Street Journal Original article ›

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The G-20 statement for the meeting in Washington D.C. in April 2013, says: "Japan's recent policy actions are intended to stop deflation and support domestic demand." Bank of Japan Governor Haruhiko Kuroda's response was that this will help the BOJ implement its monetary expansion program in an orderly way. Kuroda said: "Now that we have obtained the support of the international community, we will be able to implement our program with confidence." These moves come with a call for Europe to proceed with banking union and giving more time for austerity programs to reduce the slowdown in Europe. This happens as fears emerged of a global slowdown in April 2013.

Bank of Japan chief Kuroda's interview with foreign media, April 11, 2013, on flexible handling of policy to reach 2% inflation target

04/12/2013

Kuroda tells foreign media in an interview the BOJ will be watchful and vigilant that the new monetary policy does not create asset bubbles. BOJ will adjust policies accordingly and be flexible if this is happening. In that case it wil give more time to get to the inflaton target of 2%.

Grouped Articles

Target Is 'Flexible,' Says Japan Bank Chief

Wall Street Journal 04/12/2013

G-20 Backs Japan on Yen Policies

Wall Street Journal 04/20/2013

OECD Welcomes BOJ Inflation Target, Easing

Wall Street Journal 04/23/2013

BOJ Price Forecast Falls Short of Target

Wall Street Journal 04/28/2013

Bank of Japan's Inflation Game Going Into Extra Innings

Wall Street Journal 04/26/2013

Loud and Clear on Japanese Easing

Wall Street Journal 02/19/2014

The Bank of Japan, Japan's central bank, under Haruhiko Kuroda in 2013-2016

02/22/2013

The yen weakens to 94.77 yen to the dollar on Feb 25, 2013 after the announcement of the appointment of Kuroda to head the central bank by prime minister Abe. Kuroda sets a two year time frame to achieve the 2% inflation target. He has experience in monetary and currency policy as he was head of the currency policy department at the finance ministry in the early 2000's, and has published a book about the failure and success of monetary and fiscal policy. For 2 years Kuroda lectured at Hitoshibashi University, before becoming head of the Asian Development Bank. Kuroda brings the kind of experience and caliber that Bernanke, Draghi and King bring to the central banks of the U.S., Europe and the UK.

Grouped Articles

Target Is 'Flexible,' Says Japan Bank Chief

Wall Street Journal 04/12/2013

U.S. Warns Japan on Yen

Wall Street Journal 04/18/2013

Japan Official Cites Fundamentals in Yen's Drop

Wall Street Journal 04/12/2013

G-20 Backs Japan on Yen Policies

Wall Street Journal 04/20/2013

OECD Welcomes BOJ Inflation Target, Easing

Wall Street Journal 04/23/2013

BOJ Price Forecast Falls Short of Target

Wall Street Journal 04/28/2013

Shinzo Abe, prime minister of Japan, and the Bank of Japan's monetary policy

01/30/2012

Failure of the president of the Bank of Japan to take an activist stance and provide confidence to financial markets in Japan. Criticism from the Japanese government and LDP candidate for prime minister Shizo Abe. Unstable politics and government in Japan as three prime ministers from the DPJ party are followed by Shinzo Abe of the LDP.

Grouped Articles

G-20 Backs Japan on Yen Policies

Wall Street Journal 04/20/2013

OECD Welcomes BOJ Inflation Target, Easing

Wall Street Journal 04/23/2013

Japan’s Economy Growing at 3.5% Annualized Rate

New York Times 05/15/2013

Japan the Model

New York Times 05/23/2013

Now Comes the Hard Part for Abenomics

Wall Street Journal 07/22/2013

Japanese Prime Minister's Support Tops 70%

Wall Street Journal 02/11/2013


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