Japan's central bank steps up stimulus
NHK -- Apr 27
The Bank of Japan has unveiled a package of additional measures to stimulate the economy and help companies hit hard by the coronavirus.

Policymakers held a one-day session on Monday, instead of their regular two-day meeting, to deal with the urgent situation.

The BOJ said its purchases of government bonds are now unlimited. The expansionary move is in line with the government's emergency economic measures that include issuing more government bonds.

Another part of the BOJ's asset-purchase program aims to help with the funding needs of companies struggling amid the pandemic. The central bank will boost its buying of corporate bonds and commercial paper up to 20 trillion yen, or about 185 billion dollars, by the end of September.

The measures come as a call by the government for people to limit their outings and decisions by companies to halt factory production affect small businesses and large corporations alike.

Furthermore, the BOJ has sharply revised downward its outlook on Japan's GDP growth for this fiscal year. Its projection sees a contraction of 3 to 5 percent. The previous outlook from January expected an expansion of 0.9 percent.

The US Federal Reserve and the European Central Bank are also scheduled to hold policy meetings this week.

One focus will be on what form their additional easing measures will take. The coronavirus is causing severe economic woes in the US and Europe, where infections are more widespread than in Japan.

日銀は27日に金融政策決定会合を開き、追加の金融緩和策を決めた。国債買い入れの上限を撤廃し、社債やコマーシャルペーパー(CP)の購入枠を拡大する。金融市場に大量の資金を供給できる態勢を整えて急激な金利上昇を防ぎ、社債などの購入を通じて新型コロナウイルス感染拡大で打撃を受けた企業の資金繰りを支援する。
News sources: NHK, Kyodo
Jul 09
Struggling businesses and other clients have left Japanese banks with record outstanding loans for a third straight month. (NHK)
Jul 09
Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. (Japan Today)
Jul 08
Torrential rains in southwestern Japan forced more plants to close Tuesday as floodwaters poured into factories, knocked out power and threatened to cover roads. (Nikkei)
Jul 08
Japan's labor ministry says over 32,000 workers have been discharged by their employers or faced contract nonrenewal amid the coronavirus pandemic. (NHK)
Jul 08
Whenever people want to sell their car for any reason, they wish to go through the process of selling as smoothly as possible. During this marketing process of their car, people make common mistakes again and again that costs them in the low-profit margin. Enlisted below are 5 common mistakes done by the people in selling their vehicle. (newsonjapan.com)
Jul 07
Japanese automakers are moving beyond the plant shutdowns stemming from the coronavirus. They've brought most of their overseas facilities back online as they gear up for recovering demand. (NHK)
Jul 05
Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned. (Nikkei)
Jul 05
A long-time plan to develop Tokyo as a major international financial center is getting a new twist -- prompting skeptics to reassess their views. (Nikkei)
Jul 04
Business sentiment improved for the first time in nine months in June, thanks to the resumption of economic activity nationwide, credit research company Teikoku Databank Ltd. said Friday. (Japan Times)
Jul 04
A Turkish judge on Friday released pending trial the four pilots and an aviation company manager accused of aiding former Nissan Motor Chairman Carlos Ghosn's escape from criminal custody in Japan. (Nikkei)