Haruhiko Kuroda

Yen weakens as G20 applauds BOJ stimulus moves

Haruhiko Kuroda. Photo: Bloomberg

The yen weakened to nearly 100 per US dollar for the first time since April 2009, after the Group of 20 offered no opposition to the Bank of Japan's monetary stimulus policies.

Tuesday, 23 April, 2013, 4:45am

'Jury is still out' on BOJ's big easing plan

The Bank of Japan's balance sheet expansion plans are modest compared with those in the US and Britain. Photo: Reuters

Bank of Japan governor Haruhiko Kuroda's aggressive easing plan came as pleasant surprise to the market but it is still early to say if it will succeed, according to Standard & Poor's chief global economist Paul Sheard.

9 Apr 2013 - 7:01am

Bringing out the big guns

Bank of Japan governor Haruhiko Kuroda is spearheading a sweeping shift in Japan's monetary policy to spur inflation. Photo: AP

Haruhiko Kuroda followed in the footsteps of Ben Bernanke and Mario Draghi on Thursday as he swung the Bank of Japan from incremental moves to unprecedented stimulus in his first policy meeting as governor.

6 Apr 2013 - 4:36am

Tokyo stocks skyrocket on BoJ easing plan

Pedestrians pass an electronic share prices board in Tokyo on Friday. Tokyo stocks jumped by more than four percent in early trade, a day after the Bank of Japan unveiled fresh easing measures that sent the yen tumbling against the dollar. Photo: AFP

Tokyo stocks skyrocketed on Friday as investors embraced sweeping new monetary easing measures from the Bank of Japan that sent the yen plunging, spelling good news for the country’s struggling exporters.

5 Apr 2013 - 10:33am

Kuroda begins 'fast and furious' easing

Japan has suffered years of economic stagnation and deflation, which the new government has pledged to bring to an end. Photo: Reuters

Bank of Japan governor Haruhiko Kuroda began his onslaught to end two decades of economic stagnation and 15 years of deflation as the central bank pledged unprecedented easing, driving the yen down by the most since October 2011.

5 Apr 2013 - 5:52am

Bank of Japan chief to do 'whatever it takes' to end deflation

Bank of Japan governor Haruhiko Kuroda (centre) speaks at the Diet's lower house financial committee last month. He is aiming for 2 per cent inflation by 2015. Photo: Reuters

Kuroda needs price rises in six to 12 months or the market may lose confidence in his ability to reach a 2 per cent inflation target by 2015, say Goldman Sachs and JP Morgan Chase. The bank was expected to boost monthly bond purchases by about 50 per cent to 5.2 trillion yen (HK$430 billion) at a two-day meeting yesterday.

4 Apr 2013 - 3:35am

Talking points

Court ponders Sands' Macau dealings

Las Vegas Sands' interests in Macau enter the spotlight as a trial begins in Nevada.

3 Apr 2013 - 3:29am

Bank of Japan chief nominee rules out foreign-bond buying

Haruhiko Kuroda,expected to become Japan’s top central banker. Photo: Reuters

Tokyo’s pick to head the Bank of Japan on Monday ruled out purchases of foreign bonds to stoke the economy, as the country faced criticism it was engineering a yen devaluation.

29 Aug 2013 - 4:13am

Japan picks currency chief for top ADB job

Takehiko Nakao

Japan will nominate its top currency official, Takehiko Nakao, to head the Asian Development Bank as Haruhiko Kuroda prepares to step down to lead the Bank of Japan.

"Mr Nakao has gained extensive experience in international finance and development," Finance Minister Taro Aso said yesterday.

8 Mar 2013 - 5:37am

China's time at ADB helm not yet come

China's time at ADB helm not yet come

The resignation of Asian Development Bank president Haruhiko Kuroda to be Japan's next central bank governor has raised the question of succession at the Manila-based institution. And once again, China seems to be playing the villain: there are persistent rumours of a Chinese challenge to Japan's leadership at the bank.

5 Mar 2013 - 3:59am

Likely next Bank of Japan chief promises to end deflation

Haruhiko Kuroda says the central bank has not bought enough assets and should buy longer-term bonds to revive the economy. Photo: EPA

The Japanese prime minister's nominee for the next governor of the Bank of Japan said yesterday he would do whatever was needed to end 15 years of deflation should he get the job.

5 Mar 2013 - 5:27am

New BOJ governor set to start stimulus soon

Haruhiko Kuroda. Photo: EPA

The Bank of Japan may add monetary stimulus as early as April as prospective governor Haruhiko Kuroda looks to demonstrate a more aggressive approach to tackling 15 years of falling prices.

2 Mar 2013 - 5:27am

Asia Development bank boss supports further BOJ easing measures

Haruhiko Kuroda, president of the Asian Development Bank (ADB). Photo: Bloomberg

"Some additional" measures could be justified for 2013, ADB president Haruhiko Kuroda said, stressing that he was speaking in his capacity as an economist and chief of the ADB, not as a BOJ contender.

12 Feb 2013 - 5:07am

Bold easing action closer with exit of BOJ governor

Masaaki Shirakawa. Photo: AFP

Bank of Japan governor Masaaki Shirakawa will step down on March 19, almost three weeks before his term is due, accelerating a leadership transition that may aid Prime Minister Shinzo Abe's campaign for aggressive easing.

Shirakawa, 63, would exit the same time as two deputy governors, he told reporters in Tokyo. He was due to leave on April 8.

6 Feb 2013 - 6:11am