Hidetoshi Kamezaki News
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Japan’s government nominated two economists to the central bank’s board who previously signaled support for stimulus, underscoring forecasts for policy makers to expand asset purchases in coming months.
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Japan’s yen may strengthen to as high as 75 per dollar, a former top Finance Ministry official said as policymakers voiced increased concern about the threat the strengthening currency poses to the nation’s economy.
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The following is a calendar of expected financial events in Japan. Other calendars can be found at: {ECO JN <GO>} for economic indicators, {ACDR <GO>} for earnings, and {CACT <GO>} for corporate actions. Times may change.
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Japan’s biggest opposition party said it will reject Prime Minister Yoshihiko Noda’s central bank nominee as lawmakers press for a more aggressive monetary policy to spur growth and end deflation.
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Japan’s government will make two appointments to the central bank’s nine-member board in coming weeks, giving the administration scope to affect monetary policymaking as politicians press for greater stimulus.
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The following is a calendar of expected financial events in Japan. Other calendars can be found at: {ECO JN <GO>} for economic indicators, {ACDR <GO>} for earnings, and {CACT <GO>} for corporate actions. Times may change.
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The yen’s biggest monthly advance since 2008 is threatening profits of exporters from Nissan Motor Co. to Sony Corp., endangering the nation’s rebound from March’s record earthquake.
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Japan’s economic slowdown is probably temporary and the nation is showing signs of picking up thanks to growing exports and a weaker yen, Bank of Japan board member Hidetoshi Kamezaki said.
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The yen fell against most of its major peers after gains to the brink of a record against the dollar stoked speculation Japan will intervene in currency markets.
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Tighter regulations on currency trading in Japan are coming just in time to help to Finance Minister Yoshihiko Noda rein in a yen that’s the most volatile in more than two months and trading near a record high.
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