The Bank of Japan has released its Outlook for Economic Activity and Prices. The semi-annual report, based on developments in economic activity, is an outline of the Bank’s views on the future course of monetary policy and includes an assessment of upside and downside risks.
Link to document on BOJ site: http://www.boj.or.jp/en/mopo/outlook/gor1310b.pdf
Deputy Governor Iwata explains the BoJ’s price stability target, the transmission mechanism of how QQE will achieve price stability and progress towards this goal.
Click here for the BOJ website.
Governor Kuroda sets out progress on the BoJ’s plans to tackle deflation in remarks made to the International Council Meeting of the Bretton Woods Committee.
Click here for the BOJ website.
Japanese Prime Minister Shinzo Abe called for a two-step corporate tax reduction process comprising a year-early termination of a special corporate tax for reconstruction in fiscal 2014 and lowering the effective corporate tax rate to an equivalent level with other major nations in fiscal 2015 or later, Tokyo's The Nikkei reported. By lowering the effective corporate tax, Abe hopes to strengthen companies' financial condition, which could trigger more hiring and wage increases.
Address given by Masaaki Shirakawa, Governor of the Bank of Japan, to IBA members (IBA Information Forum: International Banks amid Global Financial Crisis).
Link to speech on the Bank of Japan website:
http://www.boj.or.jp/en/announcements/press/koen_2009/ko0901a.htm/
Remarks by Bank of Japan Governor Kuroda at an Economic Policy Symposium Held by the Federal Reserve Bank of Kansas City.
Link to speech on BOJ website: http://www.boj.or.jp/en/announcements/press/koen_2013/ko130825a.htm/
The European Securities and Market Authority (ESMA) has published its advice to the European Commission on the equivalence of a number of regulatory regimes for OTC derivatives clearing, central counterparties (CCPs), and trade repositories for European Markets Infrastructure Regulation (EMIR). The 3 September, 2013 advice includes views on the Japanese regulatory regime.