Bank of Japan

Forex: yen gains on lingering worries from BoJ’s about fiscal problems in Europe

July 21, 2010 - 1:56am | Markets | News
Forex: yen gains on lingering worries from BoJ’s about fiscal problems in Europe

In early Asian deals Wednesday, the Japanese unit revealed firmness across the board as the minutes from the Bank of Japan's June meeting showed that the board members remained cautious over  the fiscal problems that continue to plague Europe.


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Forex trends: yen soars to new multi-day highs over BofJ monetary policy steps

March 16, 2010 - 1:52am | Markets | News
Forex trends: yen soars to new multi-day highs over BofJ monetary policy steps

The Japanese unit hit fresh multi-day highs against its major counterparts in early Asian deals on speculation the Bank of Japan may take further monetary easing steps.


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Japan’s private-sector banks criticized by the central bank over stocks holding

July 3, 2009 - 4:37am | Articles | Banks and internet banks
Japan’s private-sector banks criticized by the central bank over stocks holding

As the Nikkei reported today, private-sector banks were criticized by some Japanese central bank policymakers for their failure to adequately reduce risks from holding stocks. At first, criticism came at the Bank of Japan's February 3 meeting, when the bank decided to resurrect a stock-purchasing program, which involved spending up to 1 trillion yen (or $11.5 billion) purchasing stocks held by financial institutions, in order to ensure financial system stability.


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The Bank of Japan will spend 1 trillion to buy shares of financial institutions

February 3, 2009 - 3:31pm | Banks and internet banks | News
The Bank of Japan will spend 1 trillion to buy shares of financial institutions

The Bank of Japan has announced that it is going to spend up to 1 trillion yen that is approximately $11.5 billion in 2010 to purchase the shares held by financial institutions. To implement its plan the bank needs to get a permission of the Ministry of Finance. The bank management is sure that such actions will revive Japanese banks and improve their financial position. By the time when the bank has made such statement Japanese stocks ended lower in Tokyo, however after it the prices went up.  


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