Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Shirai"


16 mentions found


Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty ImagesJapan's Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country's ailing economy has experts divided over this sustainability of this rally. Japan's corporate governance reforms have been a key driver for the country's stock markets, Momma said, while stressing that stock indexes do not necessarily represent the entire economy that includes SMEs and households. SMEs are a critical lever in the Japanese economy, accounting for 70% of national employment and 50% of the country's economic growth. "Spillover from the global boom of AI-related stocks certainly helped Nikkei," Momma said.
Persons: Kazuo Momma, Momma, Sayuri Shirai, pare, Shirai, Phillip Colmar MRB Organizations: Nikkei, Mizuho Research, CNBC, Bank of Japan, Nvidia, Technology, Stock, Keio University, Bank of America, Phillip Colmar MRB Partners Locations: Fuji, Tokyo, Germany, Japan, U.S, China
BOJ Governor Kazuo Ueda is under pressure to stem yen depreciation driven by the divergence between high U.S. interest rates and Japan's ultra easy policy. Yet, he is also constricted by high inflation that BOJ policymakers still deem unsustainable, even as it crimped domestic demand and tipped the economy into a technical recession. She previously served as a member of BOJ policy board from 2011 to 2016, helping to make monetary policy decisions. At its January meeting, the BOJ decided unanimously to keep short-term interest rates at -0.1%. BOJ policymakers have been cautious and fastidious with their primary task: reflating an economy that's been mired in decades of deflationary pressures.
Persons: Kazuo Ueda, Sayuri Shirai, CNBC's, dousing, BOJ, Shirai Organizations: Istock, Getty, Bank of Japan, Germany, Keio University Locations: Tokyo, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan is likely to make policy changes this spring, former BOJ board member saysSayuri Shirai, professor at Keio University and former Bank of Japan board member, says that could involve ending negative interest rates, among other things.
Persons: Sayuri Shirai Organizations: Email Bank of, Keio University, Bank of Japan Locations: Email Bank of Japan
Professor discusses what's behind Japan's weak exports
  + stars: | 2023-08-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProfessor discusses what's behind Japan's weak exportsSayuri Shirai, economics professor at Keio University in Tokyo, discusses Japan's trade data for July.
Persons: Shirai Organizations: Keio University Locations: Tokyo
Japan posted its first monthly decline in exports in more than 2 years, as weaker demand in its biggest trading partners in China and the rest of Asia dimmed prospects for growth in the world's third-largest economy. Exports fell 0.3% in July from a year earlier for the first time since February 2021, according to provisional data released Thursday by Japan's Ministry of Finance. Exports to Asia plunged almost 37%, while those to China contracted 13.4% in an eighth consecutive monthly decline, underscoring the magnitude of the slowdown in the mainland. Japan's domestic demand showed no meaningful improvement, underscored by imports that slumped 13.5% in July. A surge in imports had propelled a provisional 6% growth in Japan in the second quarter, though economists are expecting global demand to weaken in the second half of the year.
Persons: Sayuri Shirai Organizations: Japan's Ministry of Finance, Exports, Keio University, CNBC Locations: Japan, China, Asia, U.S, Europe
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill 'too early' for the Bank of Japan to change policy, says professorSayuri Shirai of Keio University discusses Japan's latest inflation numbers and their implications for the Bank of Japan's policy decisions.
Persons: Sayuri Shirai Organizations: Bank of Japan, Keio University, Bank of
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToo early for Bank of Japan to decide on policy changes, professor saysSayuri Shirai of Keio University says it's "a bit too early" for Japan's central bank to decide whether it should make any changes to its monetary policy at this stage.
Persons: Sayuri Shirai, it's Organizations: Bank of Japan, Keio University
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's labor market is good but 'not extremely tight,' professor saysSayuri Shirai of Keio University says there's been some decline in job offers, which suggests that the country's economic activity is "not very strong."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNext Bank of Japan chief is unlikely to change his predecessor's policies 'for a while': ProfessorSayuri Shirai of Keio University, who served as a member of the Policy Board of the Bank of Japan from 2011 to 2016, explains why it would be "contradictory to his commitment" if upcoming Bank of Japan Governor Kazuo Ueda does "anything more toward normalization."
[1/4] A Japanese flag flutters atop the Bank of Japan building under construction in Tokyo, Japan, September 21, 2017. "This is a problem that is not going to change easily," said Momoko Nojo, a prominent campaigner for gender equality in Japan. The BOJ ranked 142nd of 185 central banks on gender equality, according to a report last year by the Official Monetary and Financial Institutions Forum. About 11% of central banks surveyed had a female governor, a record high, while 37% had female deputy governors. That target is far below the European Central Bank, where women hold 30% of management roles.
The Nikkei newspaper reported the government has sounded out BOJ Deputy Governor Masayoshi Amamiya as the next governor, citing anonymous government and ruling party sources. The government will present a nominee for BOJ governor, and that for two deputy governors, to parliament later this month. But he also said in July the BOJ must "always" think about the means of exiting ultra-loose monetary policy. FEMALE DEPUTY GOVERNOR CANDIDATESNo female has yet served as BOJ deputy governor or governor, a tradition Kishida may seek to change to enhance diversity. FINANCIAL BUREAUCRAT DEPUTY GOVERNOR CANDIDATESIf a former BOJ executive becomes governor, there is a strong chance one of the deputy governor posts will be filled by top finance ministry bureaucrats such as Shigeaki Okamoto and Yasushi Kinoshita.
TOKYO, Jan 11 (Reuters) - The Bank of Japan's (BOJ) 2% inflation target can be modified into a "range" to sustain monetary policy flexibility amid possibly higher inflation compared to pre-COVID times, former board member Sayuri Shirai said on Wednesday. Shirai, widely seen as a candidate to become deputy governor at the central bank this spring, also said there should be a review of Japan's monetary policy over the past 10 years. "Given the chance inflation may stay elevated compared to pre-pandemic, we must be careful about abolishing the 2% inflation target and I think making it a range is one possibility." The BOJ, long preoccupied with reviving price growth to avert a risk of deflation, has been an outlier among central banks this year. The new BOJ leadership after the incumbent governor Haruhiko Kuroda's term ends in April should conduct a policy review, Shirai said, as she had the impression the central bank's communication with markets had become slightly "complex".
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's inflation will probably slow down in 2023, says professorSayuri Shirai of Keio University says inflation in the country is about to peak.
Emerging economies started hiking before the Fed, and quickly, partly because their currencies had weakened against the dollar, raising funding costs and importing inflation. That had quickly fed through to prices, especially energy and some food commodities that are generally traded in dollars. "Total reserves in the emerging markets had fallen by over $400 billion, down 7%, this year as of September." ECB & BOJAt the ECB, the Fed's signal bolsters an already strong case for more measured rate hikes after back-to-back 75 basis point moves and eases growth concerns. Slower Fed rate hikes also help the Bank of Japan, whose ultra-low rates have been criticised for fuelling a sharp yen decline that inflates the cost of imports.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's economy will probably continue to experience moderate growth into 2023, says professorSayuri Shirai of Keio University, who served as a member of the Policy Board of the Bank of Japan from 2011-2016, says companies may want to "adjust bonuses rather than basic wage growth."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear that the Bank of Japan is going to maintain yield curve control, says professorSayuri Shirai of Keio University explains why it's "very unlikely" that the policy will change.
Total: 16