The Institute for Monetary and Economic Studies at the Bank of Japan conducts research on a range of monetary and economic issues with the aim of establishing an appropriate background for monetary policy. The IMES Discussion Paper Series was created to stimulate discussion and comments of issues critical to the Japanese and global economies.
Click here for the latest papers published on the Bank of Japan's website.
Recently, virtual currencies have risen to prominence as a powerful global payment method, with potential benefits including increased payment efficiency, lower transaction costs, and wider access to payment options. At the same time, this flexibility and the global reach of virtual currencies present a number of potential Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) risks.
In his speech to the Japan Association of Corporate Executives, BOJ Governor Kuroda predicted that the rate of increase in Japan's core consumer price inflation would dip over the summer before again moving towards the 2% target from October onwards, supported by aggressive pricing in the private sector and higher wages.
Click here for the speech on the BOJ website.
The FSA has published its latest collection of Frequently Asked Questions regarding the Financial Instruments and Exchange Act (FIEA).
Click here for the FSA website.
Given the global nature of today’s markets, cross-border regulatory developments need to be conducted in a coordinated and efficient manner. Well regulated and stable finanical markets will play an important role in economic and business recovery. But there have been a number of recent examples of extraterritorial regulation from one country having a detrimental impact on this efficiency.
IBA Japan held its 9th Annual Bank GMs Meeting and Reception on May 29th at BNP Paribas, followed by a reception with over 100 guests. The main speaker was Mr. Kiyotaka Sasaki (Deputy Director General, Inspection Department, Financial Services Agency) who discussed the FSA's financial monitoring of foreign banks, including areas of recent regulatory focus and the future direction of monitoring.
At a Newspaper Editorial Writers' meeting on 26 May 2014, Mr. Kikuo Iwata, Deputy Governor of the Bank of Japan gave an overview of the monetary easing policy introduced by the Bank of Japan last year. He explained the basic thinking behind the policy and described the relationship between the BoJ's monetary policy and the growth strategy being implemented by the government.
Japan Chamber of Commerce and Industry Chairman Akio Mimura discusses importance of recruiting foreign talent for the workforce in Japan.
http://asia.nikkei.com/Politics-Economy/Economy/Japan-must-look-abroad-…
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