Kiyohiko Nishimura News
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After five years running the Bank of Japan, Masaaki Shirakawa will get a cash bonus of as much as 29.6 million yen ($311,000) or as little as nothing, depending on how policy board members rate his tenure.
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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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Bank of Japan Governor Masaaki Shirakawa will step down on March 19, almost three weeks before his term was due, accelerating a leadership transition that may aid Prime Minister Shinzo Abe’s campaign for aggressive easing.
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Bank of Japan Deputy Governor Kiyohiko Nishimura said property prices in Japan may have fallen too much in the aftermath of a real estate bubble that collapsed in the 1990s.
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Prime Minister Shinzo Abe shortened his list of candidates for Bank of Japan governor as he seeks to end decades of reluctance at the central bank to accept responsibility for the nation’s inflation rate.
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Bank of Japan Deputy Governor Kiyohiko Nishimura said the country’s economic recovery is beginning to stem deflation and the central bank should persist with its accommodative monetary policy.
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Japanese stocks advanced, with the Nikkei 225 Stock Average closing at its highest since March 2011, as shares chased gains among Asian markets following a four-day holiday and a weaker yen boosted the earnings outlook for exporters including Toyota Motor Corp.
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Bank of Japan Deputy Governor Kiyohiko Nishimura said the central bank is ready to implement additional easing if necessary, fueling speculation that further loosening is likely this month.
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Bank of Japan Deputy Governor Kiyohiko Nishimura said the central bank must avoid giving the impression that it is monetizing that country’s debt.
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