Japan Headlines

IMF says BOJ, government overly optimistic on Japan's economic prospects

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TOKYO - The International Monetary Fund warned the Bank of Japan will take longer than it expects to hit its inflation target even with more monetary easing, and said "bolder" structural reforms are required to shake off an entrenched deflationary mindset.

7:08pm BST

Mazda, Mitsubishi add 624,000 more cars to Takata air bag recall

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TOKYO - Mazda Motor Corp and Mitsubishi Motors Corp said on Friday they would recall about 624,000 more vehicles to replace air bag inflators made by Japan's Takata Corp , following similar moves last week by domestic automakers.

11:07am BST

BOJ slightly more upbeat on economy, Kuroda sees no need for more easing

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TOKYO - The Bank of Japan offered a slightly more upbeat view of the economy on Friday and its governor shrugged off the need for more monetary stimulus, dismissing market concerns that the recovery is too slow to accelerate inflation toward the bank's target.

9:42am BST

WRAPUP 3-BOJ slightly more upbeat on economy, Kuroda sees no need for more easing

* BOJ Gov Kuroda still confident of hitting inflation target (Adds quotes, details)

Mitsubishi Corp, Sumitomo Realty drop out of Kansai bid-sources

TOKYO, May 22 - Japanese trading house Mitsubishi Corp and developer Sumitomo Realty & Development Co Ltd have dropped out of the bidding for the right to operate Japan's Kansai International Airport, people familiar with the matter said.

9:37am BST

Japan April core CPI seen subdued even after two-year BOJ stimulus

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TOKYO - Japan's consumer inflation remained subdued in April on lower energy costs, adding pressure on the Bank of Japan after already two years of massive stimulus aimed at banishing deflation.

9:00am BST

Japan April core CPI seen subdued even after two-year BOJ stimulus

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TOKYO - Japan's consumer inflation remained subdued in April on lower energy costs, adding pressure on the Bank of Japan after already two years of massive stimulus aimed at banishing deflation.

Business, Japan 8:55am BST

CORRECTED-(OFFICIAL)-UPDATE 1-Mazda, Subaru, Mitsubishi add 710,000 cars to Takata air bag recall

TOKYO, May 22 - Japan's Mazda Motor Corp, Fuji Heavy Industries Ltd and Mitsubishi Motors Corp said on Friday they would recall about 710,000 more cars equipped with air bag inflators made by parts supplier Takata Corp.

Regulatory News, Japan 8:40am BST

JGBs edge down, pressured by rising stocks after BOJ holds steady

TOKYO, May 22 - Japanese government bonds edged down on Friday, pressured by rallying stocks and investors' wariness ahead of a 20-year auction next week.

8:32am BST

HIGHLIGHTS-BOJ Governor Kuroda comments at news conference

May 22 - The Bank of Japan maintained its massive monetary stimulus on Friday and offered a slightly more upbeat view of the economy, unfazed by first-quarter GDP data that offered mixed signs on the strength of the recovery.

8:24am BST