Japan economy recovering but oil prices cause for concern: bank chief
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Japan's economic recovery is on track as structural reforms take root but soaring global oil prices pose a question mark, the central bank chief says.
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ESSEN, Germany  - Japan's Finance Minister Koji Omi said on Saturday a slide in the value of the yen would not be singled out for criticism by the Group of Seven club of wealthy economic powers.
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Tokyo's Nikkei average was up 0.18  percent by mid-morning on Wednesday, helped by Wall Street's  higher finish, but gains were limited by nagging concerns over  the global economic outlook due to surging oil prices.
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The threat of a U.S. recession has central bankers around the world nervous  -  except for Japan's. Perhaps they should be
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Japanese Prime Minister Junichiro Koizumi said Wednesday that the Bank of Japan&#039;s embattled chief should stay on despite calls for his resignation amid an investment scandal, Kyodo News agency reported.
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Rising energy costs triggered the biggest jump in Japanese consumer prices in almost a decade while industrial production slumped, the government said Friday, clouding the outlook for the world's No. 2 economy.
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The Bank of Japan, which last month  raised interest rates for the first time in six years, is  expected to keep its powder dry this week as it confirms that  economic growth is slowing and with inflation yet to  materialize.
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A top Japanese business leader expressed hope Monday that the impending betrothal of the emperor&#39;s only daughter would help bolster Japan&#39;s economy, now showing signs of a slowing recovery.
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Japan on Friday reported its fastest rise in core consumer prices in almost a decade as sky-rocketing energy costs help to lift Asia's largest economy out of years of deflation.
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Bank of Japan &#39;tankan survey&#39; also shows strong capital spending, boosting stocks and the yen. TOKYO  - Confidence among Japan&#39;s big manufacturers waned for the first time in seven quarters, the Bank
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Japanese stocks rose Thursday, led by banks and finance stocks, on optimism about the outlook for Japan's economy.
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Japan&#39;s central bank downgraded its assessment of the economy for the first time in more than a year Friday, citing weakening industrial production and slowing export growth.
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Japan's Finance Minister Koji  Omi said on Saturday a slide in the value of the yen would not  be singled out for criticism by the Group of Seven club of  wealthy economic powers.
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TOKYO  â The Bank of Japan left its policy rate target unchanged at 0.5 percent on Friday as expected, with turbulence in financial markets and fears about a United States recession heightening concerns over the economic outlook.
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Confidence at major Japanese companies remained the same as three months ago, a closely watched Bank of Japan survey showed Monday, possibly reinforcing expectations that the central bank will raise interest rates in August.
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Japan is aware that excessive exchange rate market volatility could dent its economic recovery and is monitoring currency markets very closely, Bank of Japan Governor Toshihiko Fukui said on Thursday.
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A string of disappointing economic reports released Tuesday heightened concerns that Japan's recovery may be fading fast.