Is the Bank of Japan quietly boosting money supply?
Article Abstract:
The Bank of Japan (BOJ) is believed to have been stealthily expanding the money supply, a practice that is referred to as 'quantitative easing,' despite its pronouncements that it intends to keep monetary policy stable. The central bank's strategy at expanding the money supply involved the lowering of overnight call rates from about .25% to .15%, flooding banks with billions of excess reserves everyday and keeping hopes up that Japan's money supply will soon grow substantially. BOJ's decision to keep silent may be a move to protect its image as an inflation fighter and avoid political demands for more radical forms of quantitative easing.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Shift by Asia central banks adds to the dollar's woes
Article Abstract:
Asian central banks sold much of the US dollars in Apr. 10, 1995 to reduce their dollar reserves. The sale of US dollars contributed to its further decline from 80.18 yen to 83.65 yen. The continued decline of the US dollar is expected to adversely affect both the US and Japan in the short-term. US exporters will see lower profit margins while their Japanese counterparts will also find it difficult their products overseas.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Yen is moving in line with fundamentals
Article Abstract:
The Japanese yen has depreciated approximately 10% since January, and some think the government should induce further depreciation to stimulate exports. However, the yen is moving in line with fundamentals and there is currently no need to manipulate it. Japan can achieve economic recovery through banking, monetary, and fiscal policies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Enjoy the gift of tranquillity. Find joy in your life today! Happiness comes from within - here's how to find it
- Abstracts: Johnson Matthey gets nice surprise from metals' rise. Preussag looks to sell stakes. Preussag's sales seen at 10.4 billion euros in the first half
- Abstracts: The theory of the flagship firm. Retail multinationals and globalization: the evidence is regional. The end of global strategy
- Abstracts: Hilfiger alleges Tesco sold fake versions of its goods. Hong Kong Garment Firm Tailors Fabric of E-Commerce to Fit Traditional Business
- Abstracts: Alcopops: the launch of a new product. UK inward investment. The foot-and-mouth epidemic