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Business 20 Jan 2004 | 12:00 AM

Japan's central bank eases monetary policy

Japan's central bank decided Tuesday to raise the amount of extra cash in the financial system by 3 trillion yen (US$28 billion) to help strengthen the country's fledgling recovery.

Business 20 Jan 2004 | 12:00 AM

Tokyo stocks close higher Wednesday, US$ up against yen

Tokyo stocks rose moderately Tuesday, building on a three-month high set the previous day, as investors welcomed the central bank's surprise decision to ease monetary policy. The U.S. dollar was up against the Japanese yen.

Business 14 Jan 2004 | 12:00 AM

Europe worried about ‘brutal’ currency moves

Europe is concerned about 'brutal' currency movements, said European Central Bank (ECB) chief Jean-Claude Trichet, but a meeting of the world's top central bankers here did not discuss the US dollar's rapid slide as a risk to global economic recovery.

Business 13 Jan 2004 | 12:00 AM

Lending by Japanese banks fall for 72nd straight month

Lending by Japanese banks fell 5.1 percent in December from a year earlier marking six straight years of on-year monthly declines as financial institutions remain reluctant to make new loans, the Bank of Japan said Tuesday.

Business 17 Dec 2003 | 12:00 AM

BoJ: Yen’s rise may not be damaging

B>TOKYO:/BBank of Japan governor Toshihiko Fukui said Tuesday that while the central bank was watching the effects of the strong yen on corporate profits, the currency's rise may not necessarily be damaging.

Business 06 Dec 2003 | 12:00 AM

Money Market

Business 29 Nov 2003 | 12:00 AM

More evidence of Japan recovery in latest data

Japanese consumer prices rose for the first time in 51/2 years in October and industrial production went up for a second month, bolstering optimism that a recovery in the country's deflation-plagued economy is taking root.

AseanPlus News 11 Oct 2003 | 12:00 AM

Koizumi calls for Nov 9 polls to test mandate for reforms

B>TOKYO:/BJapanese Prime Minister Junichiro Koizumi yesterday called a Nov 9 general election that will test whether the popular leader can win a big victory for the conservative ruling party and a new mandate for his reforms.

Business 02 Oct 2003 | 12:00 AM

Japan firms turn cheery

For the first time in three years, Japanese firms feeling better about business conditions outnumbered those that were gloomy in September, a Bank of Japan (BoJ) survey showed yesterday, but the meteoric rise of the yen could erode much of that confidence in the months ahead.

Business 24 Jul 2003 | 12:00 AM

Japan data hint of recovery

A key measure of Japanese business activity rose slightly in May from the previous month, providing the latest evidence of a mild pick-up in the world's second largest economy.