Bank of Japan (BoJ)
Cool response to quarter-point interest rate rise in Japan
The Bank of Japan (BOJ) today raised interest rates to 0.25% from 0% in a move that the Japanese central bank hopes will signal the end of a lengthy period of deflation and a decade-long economic slump.
Japanese banks need to improve op risk management, says BOJ
TOKYO - Some Japanese financial institutions need to improve their op risk management, according to a report released in March by the Bank of Japan (BOJ).
Sony hit by poor earnings reports and downgrade threat
Credit default swap spreads on Japan’s largest consumer and electronics group, Sony, widened further this week, following weaker than expected earnings results and the potential threat of a downgrade by Moody’s Investor Services, say traders.
Japanese banks: Turning up the heat
Japan's banks have faced a gruelling few months in the run-up to the fiscal year-end, with a plunge in equity prices putting severe pressure on capital ratios. But a further crisis may be just around the corner, writes Nick Sawyer.
Tiffe to launch long-term interest rate futures
The Tokyo International Financial Futures Exchange (Tiffe) plans to launch long-term interest rate futures by May, despite a fall-off in interest for the exchange's short-term rates contracts.
Isda AGM: BOJ reiterates intention to purchase corporate ABS
The Bank of Japan (BOJ) today reiterated its intention to buy asset-backed securities from small and medium sized companies in an unprecedented move to remedy the ills of the Japanese financial system.
Advancing op risk management using Japanese banking experience
Junji Hiwatashi and Hiroshi Ashida of the Bank of Japan outline a practical framework for operational risk management, derived from research and experiences in Japan's financial community.
Reflated economy must be Japan’s priority, claims Moody’s
The outlook for Japanese sovereign debt would improve if the Bank of Japan (BoJ) took measures to reflate the economy, according to rating agency Moody's Investors Service. As the BoJ decides on a new governor to replace outgoing Masaru Hayami in March,…
Japan's SMEs facing funding crisis
Japan's small and medium-sized enterprises (SMEs) are facing the worst funding crisis since the 1997/98 Asian financial meltdown, according Hiroshi Nakaso, associate director of the financial markets department at the Bank of Japan, speaking at Risk…
A question of priorities
Japan's banks are aware of the need to prepare for Basel II, but it is just one of a number of urgent issues that need to be resolved in the Japanese banking sector.
An agency apart
The Financial Services Agency has more than its share of critics, thanks to controversial regulations and its handling of the banking crisis. A senior official at the agency talks about what lies ahead.
Japanese credit spreads widen on corporate bankruptcy fears
Credit protection on Japanese corporate debt widened this week, as a number of hard-line reformers were appointed to a banking task force committee by Heizo Takenaka, the newly appointed head of the Financial Service Agency (FSA), the country’s financial…
Japanese bank spreads tighten on possible state capital injection
Spreads on Japanese bank credit default swaps continued to tighten this week following speculation that the government may inject capital into the country's ailing banking system. The move would help banks combat their disposal of spiralling bad loans,…
Japan OTC derivatives post gains
The notional value of outstanding over-the-counter (OTC)derivatives contracts in Japan increased by 10.8% in the six months to June 2002, according to figures released by the Bank of Japan.
Dealing with the flak
With the final Basel Accord proposals due to be published later this year, the Bank of International Settlements’ new Asian head, Shinichi Yoshikuni, does not have much time to settle into his new role, writes Nick Sawyer.
Japan's non-performing loans undermining economy
Tokyo could be in danger of losing its standing as a top financial centre, unless efforts are made to restructure the economy and cure Japanese banks' vast non-performing loans problem, warned Bank of Japan official Hiroshi Nakaso, speaking at Risk…
LTCB Bonds Trading Probe
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