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Bank Of Japan
The is the central bank of Japan. Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo. History Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''hansatsu'', in an array of incompatible denominations, but the ''New Currency Act'' of Meiji 4 (1871) did away with these and established the yen as the new decimal currency, which had parity with the Mexican silver dollar. The former han (fiefs) became prefectures and their mints became private chartered banks which, however, initially retained the right to print money. For a time both the central government and these so-called "national" banks issued money. A period of unanticipated consequences was ended when the Bank of Japan was founded in Meiji 15 (10 October 1882), under the Bank of Japan Act 1882 (27 June 1882), after a B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Japan
The Government of Japan consists of legislative, executive and judiciary branches and is based on popular sovereignty. The Government runs under the framework established by the Constitution of Japan, adopted in 1947. It is a unitary state, containing forty-seven administrative divisions, with the Emperor as its Head of State. His role is ceremonial and he has no powers related to Government. Instead, it is the Cabinet, comprising the Ministers of State and the Prime Minister, that directs and controls the Government and the civil service. The Cabinet has the executive power and is formed by the Prime Minister, who is the Head of Government. The Prime Minister is nominated by the National Diet and appointed to office by the Emperor. The National Diet is the legislature, the organ of the Legislative branch. It is bicameral, consisting of two houses with the House of Councilors being the upper house, and the House of Representatives being the lower house. Its members ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Konjac
Konjac (or konjak, ) is a common name of the East and Southeast Asian plant ''Amorphophallus konjac'' ( syn. ''A. rivieri''), which has an edible corm (bulbo-tuber). It is also known as konjaku, konnyaku potato, devil's tongue, voodoo lily, snake palm, or elephant yam (though this name is also used for '' A. paeoniifolius''). It is native to Yunnan in China and cultivated in warm subtropical to tropical East and Southeast Asia, from China and Japan south to Indonesia and Vietnam (USDA hardiness zone 6–11). It is a perennial plant, growing from a large corm up to 25 cm (10 in) in diameter. The single leaf is up to 1.3 m (4 ft) across, bipinnate, and divided into numerous leaflets. The flowers are produced on a spathe enclosed by a dark purple spadix up to 55 cm (22 in) long. The food made from the corm of this plant is widely known in English by its Japanese name, ''konnyaku'' (yam cake), being cooked and consumed primarily in Japan and Korea. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but sudden deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive. Economists generally believe that a sudden deflationary shock is a problem in a modern economy because it increases the real value of debt, especially if the deflation is unexpected. Deflation may also aggravate recessions and lead to a deflationary spiral. Some economists argue that prolonged deflationary periods are related to the underlying of technological progress in an economy, because as productivity increases ( TFP), the cost of goods decreases. Deflation usually happens when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shinzō Abe
Shinzo Abe ( ; ja, 安倍 晋三, Hepburn: , ; 21 September 1954 – 8 July 2022) was a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party (LDP) from 2006 to 2007 and again from 2012 to 2020. He was the longest-serving prime minister in Japanese history. Abe also served as Chief Cabinet Secretary from 2005 to 2006 under Junichiro Koizumi and was briefly the opposition leader in 2012. Abe was born into a prominent political family in Tokyo and was the grandson of Prime Minister Nobusuke Kishi. After graduating from Seikei University and briefly attending the University of Southern California, Abe was elected to the House of Representatives in the 1993 election. Abe was appointed Chief Cabinet Secretary by Prime Minister Koizumi in 2005 before replacing him as prime minister and LDP president the following year. Confirmed by the National Diet, Abe became Japan's youngest post-war prime minister and the first born after Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Japan
The prime minister of Japan (Japanese: 内閣総理大臣, Hepburn: ''Naikaku Sōri-Daijin'') is the head of government of Japan. The prime minister chairs the Cabinet of Japan and has the ability to select and dismiss its Ministers of State. The prime minister also serves as the civilian commander-in-chief of the Japan Self Defence Forces and as a sitting member of the House of Representatives. The individual is appointed by the emperor of Japan after being nominated by the National Diet and must retain the nomination of the lower house and answer to parliament to remain in office. The position and nature of this title allow the holder to reside in and work at the Prime Minister's Official Residence in Nagatacho, Chiyoda, Tokyo, close to the National Diet Building. Fumio Kishida is the current prime minister of Japan, replacing Yoshihide Suga on 4 October 2021. As of , there have been 102 prime ministers. Designation Abbreviations In Japanese, due to the spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Times (Singapore)
''The Business Times'' is a Singaporean financial daily under SPH Media Trust, a media organisation with businesses in print, digital, radio, and outdoor media in Singapore. The paper is published Monday to Saturday, with the Saturday edition called ''The Business Times Weekend''. It had a circulation (Print + Digital) of 39,500. Ownership It is part of the SPH Media Trust group which also publishes ''The Straits Times'' and ''The New Paper''. History It is an English-language newspaper published since 1 October 1976. Prior to this, it was a supplement in ''The Straits Times''. The paper was launched on 15 July 1976, and the special presentation issue prior to the launch of the paper featured George Magnus. The staff was first headed by Tsai Tan, who became the first female editor of a daily newspaper in Singapore. In 1989, the newspaper won the Media Philanthropic Appeals category of the International Advertising Festival in New York New York most commonly refers to: * N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield Curve Control
Yield Curve Control (YCC) is a monetary policy action whereby a central bank purchases variable amounts of government bonds or other financial assets in order to target interest rates at a certain level. It generally means buying bonds at a slower rate than would occur under a Quantitative Easing policy. It affects long term interest rates, where as QE is more impactful on shorter term interest rates. Where QE focuses on quantities of bonds, YCC is concerned with the price. It can be thought of as a more effective form of QE: In QE the central bank buys bonds, but does not have a target for what interest rate those purchases will bring. In YCC, the central bank intentionally buys enough bonds to reach a certain interest rate target. Two examples of Yield Curve Control can be found in the United States after World War II, where bonds were purchased to keep interest rates low to allow cheaper government funding of the war effort, and in Japan, early 21st century, where bonds were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Hanshin Earthquake
The , or Kobe earthquake, occurred on January 17, 1995, at 05:46:53 JST (January 16 at 20:46:53 UTC) in the southern part of Hyōgo Prefecture, Japan, including the region known as Hanshin. It measured 6.9 on the moment magnitude scale and had a maximum intensity of 7 on the JMA Seismic Intensity Scale (XI on the Modified Mercalli Intensity Scale). The tremors lasted for approximately 20 seconds. The focus of the earthquake was located 17 km beneath its epicenter, on the northern end of Awaji Island, 20 km away from the center of the city of Kobe. Approximately 6,434 people died as a result of this earthquake; about 4,600 of them were from Kobe. Among major cities, Kobe, with its population of 1.5 million, was the closest to the epicenter and hit by the strongest tremors. This was Japan's deadliest earthquake in the 20th century after the Great Kantō earthquake in 1923, which claimed more than 105,000 lives. Earthquake Most of the largest earthquakes in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toshihiko Fukui
is a Japanese economist and central banker. He was the 29th Governor of the Bank of Japan (BOJ) and a Director of the Bank for International Settlements (BIS). Early life Fukui was born in Osaka. Career Fukui has worked at Japan's central bank for 40 years. His positions included serving as the bank's representative in Paris, heading the research and credit management bureaus, and Executive Director.Belson, Ken "Japan, Its Finances in Disarray, Picks Old-School Central Banker,"''New York Times.'' February 25, 2003. He was head of the Banking Department from September 1986 through May 1989.Werner, Richard A. (2003). In 1989, Fukui was promoted to Deputy Governor of BOJ. In 1998, Deputy Governor Fukui resigned in connection with a bribery scandal involving leaks of financially sensitive information. He joined then-Governor Yasuo Matsushita in expressing official remorse by leaving the bank. He then became chairman of the Fujitsu Research Institute, a private policy group. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Window Guidance
Window guidance ( ja, 窓口指導) or informal guidance, is an informal policy instrument used to regulate the supply of credit in an industry or sector. Window guidance typically involves the use of benevolent compulsion in order to regulate the supply of credit as a way to achieve policy targets. Window guidance involves the use of monetary policy instruments including lending quotas as an informal way to subsidize or regulate the volume of credit in an industry or financial sector. Window guidance is often associated with the Bank of Japan's policies during the Japanese economic miracle. Window guidance is often criticized for causing inefficient capital allocation as well as being a form of central planning. History Japan Window guidance originated as a way for the Japanese government to finance Japanese rebuilding efforts during the early stages of the Japanese economic miracle. Under the Bank of Japan Law of 1958, the Ministry of Finance took control over the Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occupation Of Japan
Japan was occupied and administered by the victorious Allies of World War II from the 1945 surrender of the Empire of Japan at the end of the war until the Treaty of San Francisco took effect in 1952. The occupation, led by the United States with support from the British Commonwealth and under the supervision of the Far Eastern Commission, involved a total of nearly 1 million Allied soldiers. The occupation was overseen by American General Douglas MacArthur, who was appointed Supreme Commander for the Allied Powers by US President Harry Truman; MacArthur was succeeded as supreme commander by General Matthew Ridgway in 1951. Unlike in the occupation of Germany, the Soviet Union had little to no influence over the occupation of Japan, declining to participate because it did not want to place Soviet troops under MacArthur's direct command. This foreign presence marks the only time in Japan's history that it has been occupied by a foreign power. However, unlike in Germany t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
