Haruhiko Kuroda

China’s central bank chief warns of high corporate debt

NEW YORK/HONG KONG (Oct 16): People’s Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing.

“The main problem is that the corporate debt is too high,” Zhou said Sunday during a panel discussion at a Group of 30 seminar in Washington held in conjunction with the International Monetary Fund and World Bank annual meetings. 

BOJ's Kuroda warns of risks to hitting inflation goal

Haruhiko Kuroda

NAGOYA (Nov 14): Bank of Japan Governor Haruhiko Kuroda said on Monday the economy is sustaining momentum towards hitting the central bank's 2 percent inflation target but risks are tilted to the downside due to uncertainty over the global economy.

Kuroda maintained his optimistic view of Japan's economy, saying it is likely to expand moderately as exports and output rebound, reflecting an expected improvement in overseas demand.

Yen weaker on BOJ easing talk, BOE's 'Super Thursday' in focus

yen

LONDON (May 12): The yen fell on Thursday as investors sold the currency amid speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month.

Talk of more action gathered pace after prominent Japanese academic Takatoshi Ito said the BOJ is likely to expand monetary stimulus either in June or July. Ito is said to have close ties to Governor Haruhiko Kuroda.

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