By the Blouin News Business staff

Posts Tagged: monetary policy

Japan’s monetary regime change: Will it work?

by in Asia-Pacific.
A man walks past the Bank of Japan headquarters in Tokyo
Bank of Japan, Tokyo: Marching to a new beat. Photo credit: REUTERS/Yuriko Nakao

Japan’s central bank governor, Masaaki Shirakawa, has promised potentially limitless asset purchases until a 2% inflation target is met. That may satisfy the country’s new prime minister, Shinzo Abe, who has been heaping political pressure on the Bank of Japan to act more forcefully against Japan’s deflation, but markets are less easily impressed.

Read more »

Abe gives Shirakawa his marching orders

by in Asia-Pacific.
Japan's conservative Liberal Democratic Party's (LDP) leader and next Prime Minister Shinzo Abe points during a news conference at the LDP headquarters in Tokyo December 17, 2012.
Japan’s next prime minister Shinzo Abe

It is scarcely a secret that Shinzo Abe, who will become Japan’s prime minister this week, hasn’t much time for Masaaki Shirakawa, governor of the Bank of Japan. Abe has already said he will replace Shirakawa when the central banker’s term of office expires in April. In the meantime he is threatening to resort to law to get Shirakawa to adopt the 2% inflation target…

Read more »