Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002

NIKKEI 225 (N225)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisHeatmapComponents 
News SummaryAll newsNews of the components ofTweets

Japan's top government spokesman says too early for BOJ to end stimulus - Nikkei

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/30/2017 | 03:23am CET
Japan's Chief Cabinet Secretary Suga attends a news conference after the launch of a North Korean missile at Prime Minister Shinzo Abe's official residence in Tokyo

Japan's top government spokesman said it was too early for the country's central bank to exit from ultra-loose monetary policy, the Nikkei newspaper reported on Saturday.

"The Bank of Japan has just started (its easy monetary policy), so it's too early" to debate an exit from its massive stimulus programme, Chief Cabinet Secretary Yoshihide Suga told the paper in a recent interview.

Suga said Prime Minister Shinzo Abe gives high marks to BOJ Governor Haruhiko Kuroda's policies, the Nikkei said, a sign the government could reappoint him when his current five-year term ends in April next year.

Regardless of who the next BOJ governor would be, the central bank should stick to its pledge to achieve its 2 percent inflation target, Suga said.

On whether the government could declare an end to deflation next year, Suga said this was a possibility though the government has not made a decision yet.

"We won't look good if the economy reverts back (to deflation) after we declare an end to it. So we'll think about this cautiously," he was quoted as saying.

Japan's economy expanded for the seventh straight quarter in July-September thanks to robust exports and capital expenditure.

But years of heavy money printing by the BOJ have failed to drive up inflation, which remains distant from the central bank's target as companies remain wary of raising wages.

Some BOJ policymakers have recently expressed concerns over the perceived demerits of monetary easing, suggesting the central bank may have to consider raising its yield targets or slow purchases of risky assets next year.

Kuroda has dismissed the chance of withdrawing stimulus any time soon, signalling that the BOJ will lag well behind its U.S. and European counterparts in ending crisis-mode policies.

The government is expected to select Kuroda's successor early next year, which needs parliament approval. Many analysts see a good chance Kuroda will be reappointed for another term.

(Reporting by Leika Kihara; Editing by Kim Coghill)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NIKKEI 225
05:06a ASIA MARKETS : Asian Markets Mostly Slide Lower Following U.S. Selloff
04:03a ASIA MARKETS : Asian Markets Slide Lower Following Late U.S. Selloff
03:15a Asian Shares Lower After Wall Street Fades
01/16 Stocks Retreat After Dow Crosses 26000 Milestone
01/16 Stocks Retreat After Dow Crosses 26000 Milestone
01/16 Stocks Retreat After Dow Crosses 26000 Milestone
01/16 Dow Industrials Cross 26000 for First Time as Earnings Season Ramps Up
01/16 Dow Industrials Cross 26000 for First Time as Earnings Season Ramps Up
01/16 Dow Industrials Top 26000 for First Time
01/16 Dow Industrials Top 26000 for First Time
More news
News of the components of NIKKEI 225
12:01p NISSAN MOTOR : Death crash accused 'did not see' vehicle
11:59a KOBE STEEL : Statement Regarding Impact of Kobe Steel Quality Issue on Toyota an..
11:49a Japan Tobacco working on several possible M&A deals - CEO
11:21a FUJITSU : Releases 20 New Enterprise Tablet and PC Models
11:00a In race for top spot, VW says vehicle sales up 4.3 percent in 2017
10:30a TOYOTA MOTOR : Production in North America Nearly 2 Million in 2017; Nearly 32 M..
10:30a NISSAN MOTOR : INFINITI to go electric from 2021; New INFINITI models will offer..
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | N225 | JP9010C00002 | 4-Traders
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop NIKKEI 225
FANUC CORP 33450 End-of-day quote.4.79%
YASKAWA ELECTRIC CORP 5930 End-of-day quote.4.77%
HOKUETSU KISHU PAPER CO LTD 707 End-of-day quote.3.51%
SUMCO CORP 3040 End-of-day quote.3.12%
SHISEIDO COMPANY, LIMITED 5752 End-of-day quote.3.08%
IHI CORP 3795 End-of-day quote.-1.94%
NIPPON STEEL & SUMITOMO METAL CORP 2942 End-of-day quote.-2.26%
NIKON CORP 2211 End-of-day quote.-2.34%
NISSHIN STEEL CO LTD 1904 End-of-day quote.-2.41%
JFE HOLDINGS, INC. 2664.5 End-of-day quote.-2.63%
Heatmap :