THE JAPANESE YEN

Monetary and Fiscal Policy

Unlike most other industrialized economies, Fiscal and Monetary policies in Japan are slightly more entwined than that of the US or, to an extreme, the Eurozone. This is a direct result of the relatively new independence of the Bank of Japan from the Ministry of Finance and the governmental reorganization of 2000.



Key Personalities and Institutions

Junichiro KOIZUMI - Prime Minister

Ministry of Finance
: Masajuro Shiokawa - Finance Minister
: Yoshonori Ohno - Parliamentary Vice-Minister
: Yoshimasa Hayashi - Parliamentary Vice-Minister
: Nobuaki Usui - Administrative Vice-Minister
: Masakazu Hayashi - Deputy Vice-Minister
: Haruhiko Kuroda - Vice-Minister for International Finance

Financial Services Authority
Hakuo YANAGISAWA, Director General of the Financial Services Authority
The Financial Services Agency (FSA) was established on July 1, 2000, with the integration of the Financial Supervisory Agency and the Financial System Planning Bureau of the Ministry of Finance.

Bank of Japan
: Masaru Hayami - Governor of the Bank of Japan
: Sakuya Fujiwara - Deputy Governor of the Bank of Japan
: Yutaka Yamaguchi - Deputy Governor of the Bank of Japan

Policy Board
: Masaru Hayami - Governor of the Bank of Japan
: Sakuya Fujiwara - Deputy Governor of the Bank of Japan
: Yutaka Yamaguchi - Senior Deputy Governor of the BoJ
: Teizo Taya -
: Susumu Taketomi -
: Toshio Miki -
: Nobuyuki Nakahara -
: Miyako Suda -
: Kazuo Ueda -



Key Events and Reports to Watch

The most important economic data items from Japan are :
: GDP
: Tankan survey(quarterly business sentiment & expectations survey)
: International trade
: Unemployment
: Industrial production
: Money supply (M2+CDs)
: Seasonal Funds Flow