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Search resuls for: "Tetsushi Kajimoto Yoshifumi Takemoto"


5 mentions found


☆ Japan Economy Minister Goto urges US banks, regulators to tackle liquidity risks
  + stars: | 2023-05-02 | by ( Tetsushi Kajimoto Yoshifumi Takemoto | Tetsushi Kajimoto | Yoshifumi Takemoto | ) www.reuters.com   time to read: +3 min
TOKYO, May 2 (Reuters) - Banking sector problems in the United States and Europe were caused by liquidity and interest rates risks, but won't impact on Japan's economy and financial system for now, Economy Minister Shigeyuki Goto said on Tuesday. Financial institutions and authorities will need to respond firmly to liquidity risks," Goto said. "I don't see the U.S. financial sector facing big problems." "The BOJ as central bank should tackle monetary policy operations, but I don't see the current financial situation impacting Japan's economy and financial sector as a whole. "I expect the BOJ to guide monetary policy flexibly, meaning that the central bank should do so appropriately taking economy and financial markets into account."
☆ BOJ must be cautious about changing easy money policy too soon - ex-MOF Nakao
  + stars: | 2023-04-07 | by ( Tetsushi Kajimoto Yoshifumi Takemoto | Tetsushi Kajimoto | Yoshifumi Takemoto | ) www.reuters.com   time to read: +2 min
TOKYO, April 7 (Reuters) - The Bank of Japan (BOJ) should be cautious about changing its unconventional monetary policy for now, given financial market uncertainty due to problems in Western banks, former top financial diplomat Takehiko Nakao told Reuters in an interview. Nakao made the comments amid speculation the BOJ may abandon its yield curve control policy when new Governor Kazuo Ueda takes over incumbent Haruhiko Kuroda, whose term ends on April 8. U.S. bank failures and the buyout of Credit Suisse by UBS last month have driven financial market risk aversion. Nakao said the BOJ must carefully monitor market developments, for now, although credit anxiety was unlikely to morph into anything like the 2008/09 global financial crisis. "Yet, the BOJ cannot continue unconventional monetary policy, including ETF and REIT purchases and YCC, indefinitely.
☆ Japan ex-top finance official Nakao says BOJ adjustments will smooth change of governor
  + stars: | 2022-12-27 | by ( Tetsushi Kajimoto Yoshifumi Takemoto | Tetsushi Kajimoto | Yoshifumi Takemoto | ) www.reuters.com   time to read: +3 min
TOKYO, Dec 27 (Reuters) - The Bank of Japan (BOJ) has modified its stimulus measures to ease the transition away from an unconventional monetary policy when Governor Haruhiko Kuroda retires in April, former top currency diplomat Takehiko Nakao told Reuters in an interview. "The BOJ has not succeeded so much in raising inflation expectations and bringing down real interest rates while side-effects became larger. "The yen was too strong back then, but now the yen is clearly too weak," Nakao said, declining to specify preferred levels under current circumstances. Nakao said Japan's waning economic power and its excessively expansionist policy are weighing on the yen and making Japanese assets vulnerable to takeovers by overseas investors. "It is helpful that raising interest rates lead to some strengthening of the yen."
☆ Japanese yen whipsawed on further suspected intervention
  + stars: | 2022-10-24 | by ( Tetsushi Kajimoto Yoshifumi Takemoto | Tetsushi Kajimoto | Yoshifumi Takemoto | ) www.reuters.com   time to read: +3 min
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/File PhotoSummary Yen volatile as Tokyo suspected of intervention for 2nd dayYen plunged to 32-year low vs dollar near 152 yen FridayFX officials remains tight lipped on interventionTOKYO, Oct 24 (Reuters) - The Japanese yen was whipsawed in early Monday trading on suspected intervention by Tokyo for the second straight day, but the efforts to slow the currency's relentless slide was blunted by a dollar riding a wave of yield-driven and safe-haven demand. Japanese authorities again declined to confirm whether they had intervened, but the price action strongly suggested they had. read moreEarly on Monday, the Japanese currency made a thumping 4 yen jump to 145.28 per dollar, indicating currency authorities had stepped in for a second successive day, after a similar move by Tokyo on Friday. If the United States shows signs of its rate hikes peaking out and even cutting interest rates, the yen would stop weakening even without intervention."
☆ Japan finance minister declines to say whether government intervened to prop up yen
  + stars: | 2022-10-23 | by ( Tetsushi Kajimoto Yoshifumi Takemoto | Tetsushi Kajimoto | Yoshifumi Takemoto | ) www.reuters.com   time to read: +2 min
Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. On Sept. 22 they stepped in to prop up the yen for the first time since 1998. "I won't comment," Finance Minister Shunichi Suzuki told reporters at the finance ministry, when asked about intervention. "We absolutely cannot tolerate excessive moves in the foreign exchange market based on speculation," Suzuki told reporters at the finance ministry. Masato Kanda, vice finance minister for international affairs, also declined to comment on intervention.
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