Nikkei (Free subscription) | 4 hours ago
BOJ WATCH: Shirakawa's Words Tamp Down Rate Cut ExpectationsTOKYO (Nikkei)--Bank of Japan Governor Masaaki Shirakawa's repeated warnings about the perils of low interest rates appear to have convinced many market players that the central bank will leave its policy rate unchanged this month despite a worsening economy.
San Fransisco Chronicle (Free subscription) | 01/12/2008
Japan's central bank will hold an unscheduled monetary policy meeting Tuesday afternoon to discuss ways to help companies raise money amid a pullback among lenders. Bank of Japan Gov. Masaaki Shirakawa called the meeting Monday after reiterating his concerns...
Nikkei (Free subscription) | 02/12/2008
BOJ Loosened Collateral Criteria To Help Firms Get Credit: ShirakawaTOKYO (Nikkei)--Bank of Japan Governor Masaaki Shirakawa said Tuesday that the decision to loosen standards on accepting corporate bonds as collateral was taken to help domestic companies meet their funding needs toward the end of this fiscal year.
Japan Times (Free subscription) | 01/12/2008
FUKUOKA — The ongoing global financial turmoil has made it increasingly difficult for Japanese firms to raise necessary operating capital and the Bank of Japan aims to take every possible measure to address the problem, BOJ Gov. Masaaki Shirakawa said Monday. The BOJ said it will convene an extraordinary monetary policy meeting Tuesday to introduce a measure to facilitate corporate financing...
Indian Express (Free subscription) | yesterday
... an emergency meeting on Tuesday in Tokyo. With benchmark rates approaching zero in Japan, Governor Masaaki Shirakawa is adopting other ways to support their economies. Lending to banks will increase by about 3 trillion yen ($32 billion) once both measures take effect, Shirakawa told reporters on Tuesday. The cetral bank said it will provide funds to commercial lenders at the...
Nikkei (Free subscription) | 02/12/2008
Market Mulling Chances Of Rate Cut At BOJ's Next Policy MeetingTOKYO (Nikkei)--The money market is already shifting its attention to whether the Bank of Japan's policy board will approve another interest rate cut at its next meeting in December, but comments by Governor Masaaki Shirakawa suggest that monetary easing is not in the cards yet.
Financial Time (Free subscription) | 02/12/2008
The Bank of Japan sought on Tuesday to encourage banks to lend more to an increasingly credit-starved corporate sector, but made clear it was not ready for further interest rate cuts.Masaaki Shirakawa, the BoJ governor, said the central bank’s policy board had agreed measures expected to make about Y3,000bn ($32bn, €25bn, £21.5bn) in extra funding available to banks.
Cafe Hayek (Free subscription) | 02/12/2008
... 2001 and 2006 to try to get the Japanese economy going. Then this quote: Bank of Japan Governor Masaaki Shirakawa said in May that while the strategy “was very effective in stabilizing financial markets,” it had “limited impact” in remedying Japan’s economic stagnation because banks wouldn’t lend and companies wouldn’t borrow. Bernanke doesn't seem to realize (nor does Paulson) that...
International Herald Tribune (Free subscription) | 02/12/2008
... costs have recently started rising even as the economy slows.The Bank of Japan's governor, Masaaki Shirakawa, said he expects commercial banks to actually borrow about ¥3 trillion, or $30 billion, under the new scheme."These measures alone cannot determine the shape of the economy," Shirakawa told reporters after the measures were adopted by an emergency meeting of the bank's...
Nikkei (Free subscription) | 01/12/2008
BOJ Gov: More Rate Cuts May Hurt Short Term Market FunctionFUKUOKA, Japan(Dow Jones)--Bank of Japan Gov. Masaaki Shirakawa indicated Monday that the central bank is unlikely to immediately cut its policy interest rates as an additional cut could hurt the functioning of the short-term money market.
New York Times (Free subscription) | 02/12/2008
... costs have recently started rising even as the economy slows.The Bank of Japan’s governor, Masaaki Shirakawa, said he expects commercial banks to borrow about 3 trillion yen, or $30 billion, under the new scheme.“These measures alone cannot determine the shape of the economy,” Mr. Shirakawa told reporters after the plan was adopted by an emergency meeting of the bank’s policy...
Nikkei (Free subscription) | 01/12/2008
BOJ Gov: Corp Financing Rapidly Becoming Less LooseFUKUOKA (Dow Jones)--Bank of Japan Gov. Masaaki Shirakawa Monday voiced concerns over how corporate financing conditions are rapidly becoming less accommodative.
Reuters UK (Free subscription) | 02/12/2008
Like the U.S. Federal Reserve and other major central banks the BOJ is reviving bank lending again after a year of bank failures in Europe and the United States. Governor Masaaki Shirakawa said the BOJ hoped to lend around 3 trillion yen under its new scheme.
Nikkei (Free subscription) | 02/12/2008
BOJ Gov: More Rate Cuts May Cause Various Market ProblemsTOKYO (Dow Jones)--Bank of Japan Gov. Masaaki Shirakawa Tuesday expressed concern over the impact of further monetary loosening on the short-term money market.
Law Blog - WSJ.com (Free subscription) | 02/12/2008
The Bank of Japan was to hold an emergency policy board meeting in Tokyo Tuesday afternoon. The meeting was to "examine possible changes in the treatment of corporate debt as collateral and possible ways to enhance flexibility in funds-supply operations collateralized by corporate debt," the BOJ said in statement Monday. Gov. Masaaki Shirakawa was also due to hold a press conference later...
