Is the Bank of Japan quietly boosting money supply?

Article Abstract:

The Bank of Japan (BOJ) is believed to have been stealthily expanding the money supply, a practice that is referred to as 'quantitative easing,' despite its pronouncements that it intends to keep monetary policy stable. The central bank's strategy at expanding the money supply involved the lowering of overnight call rates from about .25% to .15%, flooding banks with billions of excess reserves everyday and keeping hopes up that Japan's money supply will soon grow substantially. BOJ's decision to keep silent may be a move to protect its image as an inflation fighter and avoid political demands for more radical forms of quantitative easing.

Financial management, Money supply, Bank of Japan

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Shift by Asia central banks adds to the dollar's woes

Article Abstract:

Asian central banks sold much of the US dollars in Apr. 10, 1995 to reduce their dollar reserves. The sale of US dollars contributed to its further decline from 80.18 yen to 83.65 yen. The continued decline of the US dollar is expected to adversely affect both the US and Japan in the short-term. US exporters will see lower profit margins while their Japanese counterparts will also find it difficult their products overseas.

Foreign Exchange & Reserves Policy, Central banks, Asia, International trade, Dollar (United States)

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Yen is moving in line with fundamentals

Article Abstract:

The Japanese yen has depreciated approximately 10% since January, and some think the government should induce further depreciation to stimulate exports. However, the yen is moving in line with fundamentals and there is currently no need to manipulate it. Japan can achieve economic recovery through banking, monetary, and fiscal policies.

Government regulation (cont), Editorial

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