Banri Kaieda News
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Japanese Prime Minister Shinzo Abe nominated Asian Development Bank President Haruhiko Kuroda to lead the nation’s central bank, raising the likelihood of further monetary stimulus this year.
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The Democratic Party of Japan picked former trade and industry minister Banri Kaieda as its leader following a Dec. 16 election rout that saw the group lose three quarters of its seats in the lower house.
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Japan is prepared to intervene in currency markets to stem the yen’s advance, Economy Minister Banri Kaieda said, signaling that overseas opposition shouldn’t deter authorities from correcting abrupt moves.
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Five candidates to succeed Japanese Prime Minister Naoto Kan began campaigning as Trade Minister Banri Kaieda won key backing from a ruling party powerbroker.
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The Bank of Japan may want to consider buying foreign-currency assets to help ease the yen’s appreciation, Economic Minister Banri Kaieda said.
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Japanese Economy Minister Banri Kaieda said he still expects consumer prices to stay unchanged in the year starting April 1 even after the government conducts a regular revision of the price index.
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China’s “de facto” ban on exports to Japan of rare earths, a group of 17 metals used in weapons, hybrid vehicles and laptop computers, may have a “big impact” on Japan’s economy, Japanese Economy Minister Banri Kaieda said.
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Japan’s industry minister, Banri Kaieda, said he will resign after replacing three officials in charge of energy policy and outlining a new structure for the ministry following the Fukushima nuclear disaster.
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Japan’s economy may be hurt by its political dispute with China, Economy Minister Banri Kaieda said today, signaling widening concern at the consequences of tensions with the nation’s biggest trading partner.
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Japan’s ruling party today chooses Naoto Kan’s successor as prime minister following weekend debates that revealed differences over how to cover the costs of rebuilding from the March 11 earthquake and a nuclear meltdown.
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