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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Bank of Japan

Bank of Japan stories: 11 news summaries

Japan Economy Shrinks by Most in 35 Years

4th-quarter contraction of 3.3% was 3 times worse than US 

Feb 16, 09 6:38 AM CST
(Newser) - Japan's economy contracted by a shocking 3.3% in the fourth quarter of 2008, three times worse than the US and the worst performance in 35 years. The Financial Times reports that a sharp drop in exports contributed to the slump—the third straight quarter of negative growth. The figures... More »

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Japan • economic growth • recession • Bank of Japan • Japanese economy

 Japan Throws $16.7B Lifeline 

The bailout aims to help smaller business outside of banking or corporate sectors

Jan 27, 09 7:03 AM CST
(Newser) - Following in the footsteps of America and Europe, Japan is offering $16.7 billion to companies threatened by the financial crisis, moving outside the banking sector to take equity stakes in smaller companies that otherwise can't find financing, the Financial Times reports. The 1.5 trillion yen package aims to... More »

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Japan • Bank of Japan • credit crisis • small business • Japanese economy • Japanese auto industry • bailout • financial crisis

Bank of Japan Follows Fed, Cuts Rates to Near Zero

It drops key interest
rate to 0.1%

Dec 19, 08 7:32 AM CST
(Newser) - The Bank of Japan cut interest rates from 0.3% to to 0.1%, within the historic zero- to quarter-percent range that the Fed chose earlier this week. Central bankers were responding to a deep recession as well as a soaring yen, which recently hit a 13-year high against the... More »

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Japan • Federal Reserve • recession • Bank of Japan • interest rate • interest rate cut

 Japan Sinks Into Recession 

Economic downturn could last a year

Nov 17, 08 2:39 AM CST
(Newser) - The financial crisis rippling through the global economy has claimed another casualty as Japan has slipped into its first recession in seven years, Reuters reports. Third quarter statistics reveal a 0.1% contraction in Japan's Gross Domestic Product. Japanese economists warn the nation could languish in recession for an... More »

MORE ABOUT:
Japan • recession • GDP • Nikkei • Bank of Japan • eurozone • Japanese economy • G20 • Kaoru Yosano

MARKETS

 Dow Down 74 After Volatile Day 

Late rally evaporates after Fed confirms cut, but most of Tuesday's gains are preserved

Oct 29, 08 3:19 PM CDT
(Newser) - Volatility ruled Wall Street today as investors waffled in their response to the expected Fed rate cut, MarketWatch reports. Though the session’s final hour saw the Dow rocket to a 250-point gain in light trading, that evaporated and the Dow closed down 74.16 at 8,990.96. The... More »

MORE ABOUT:
Federal Reserve • Dow Jones • General Motors • Nasdaq • European Central Bank • Bank of Japan • Bank of England • federal funds rate • S&P 500 • financial crisis

 Asia Stocks Edge Up 

Aussie rate cut spurs recovery in some markets, Nikkei down to 5-year-low

Oct 7, 08 4:58 AM CDT
(Newser) - Asian stocks outside Japan made a modest recovery from yesterday's plunge after Australia slashed its interest rate a full percentage point to 6%, Reuters reports. Indexes in South Korea, Taiwan and Singapore all edged up slightly. In Japan, the Nikkei was down 3% to a 5-year low after the Bank... More »

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Australia • South Korea • Taiwan • Singapore • Nikkei • Asian markets • Bank of Japan • interest rate cut

UPDATED

 Central Banks 
 Throw $360B Lifeline 

Effects of worldwide effort on markets still unfolding

Sep 18, 08 4:34 AM CDT
(Newser) - The Fed has joined forces with central banks in Europe, Japan and Canada to pump more dollars into the global financial system in a bid to fend off economic catastrophe, Bloomberg reports. The funds—$180 billion from the Federal Reserve and nearly as much from the other banks—are being... More »

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Federal Reserve • central bank • European Central Bank • Bank of Japan • US dollar • Swiss National Bank • financial crisis

Opposition Finally Backs New Chief for
Bank of Japan

Shirakawa to fill critical spot as stalemate ends

Apr 9, 08 2:45 AM CDT
(Newser) - The Democratic Party of Japan has accepted a new central banker just in time for the crucial meeting of G7 finance leaders in Washington on Friday, reports the International Business Times. The top spot has been vacant since March 19, leaving the bank vulnerable during an unsteady economic time. Masaaki... More »

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Japan • Tokyo • Democratic Party of Japan • Bank of Japan • credit crisis • Yasuo Fukuda • Japanese economy • Masaaki Shirakawa

Japan Faces Credit Crisis With No Central Bank Governor

Political standoff leaves BoJ top job vacant

Mar 21, 08 9:58 AM CDT
(Newser) - When markets are in chaos and currencies are fluctuating wildly, central bankers jump in to try to provide stability, as Ben Bernanke has done at the Fed. But in Tokyo a political standoff has left the Bank of Japan without a leader at the worst possible moment, reports the AFP.... More »

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Japan • Tokyo • Bank of Japan • credit crisis • Yasuo Fukuda • Japanese economy • Toshihiko Fukui

Credit Fears Sink Asian Markets

Nikkei drops as subprime crisis
rocks world

Aug 15, 07 3:08 AM CDT
(Newser) - Global credit turmoil rocked Asian markets today, pushing Japan’s Nikkei to 2007 lows, as US and Canadian firms struggled to meet payments and Wal-Mart and Swiss Bank UBS released disappointing forecasts. Through it all the Yen rose, as risk-averse investors turned to some safe havens in Japan, Reuters reports. More »

MORE ABOUT:
Japan • Toyota • subprime mortgages • Sony • Nikkei • yen • Asian markets • credit market • Bank of Japan • Wal-Mart

Japan Pumps Cash Into Market

Interest rate hikes unlikely

Aug 13, 07 12:16 AM CDT
(Newser) - The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy expanded by only 0.5%... More »

MORE ABOUT:
stock market • Japan • Bank of America • subprime mortgages • finance • GDP • Nikkei • Asian markets • Bank of Japan • global credit • Japanese economy

11 Stories


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