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Need for Japan to take active approach in forest management

TOKYO, Japan - Photo taken Aug. 15, 2010 shows a forest in Mie Prefecture managed by Hayami Forest, the first logging company in Japan to win an FSC certificate.

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Korean actor Lee delivers message for kids in quake-hit areas

TOKYO, Japan - South Korean actor Lee Byung Hun (R) receives a letter of gratitude from Ken Hayami (L), executive director of the Japan Committee for UNICEF, in Tokyo on Dec. 16, 2011, for assistance and donations it has received from South Korea after the March quake and tsunami in Japan. Lee, a special representative for the Korean Committee for the United Nations Children's Fund, delivered a message at UNICEF House in Tokyo's Minato Ward expressing his support for children living in areas hit by the disaster.

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Ex-BOJ chief Hayami, practitioner of zero-rate-policy, dies

TOKYO, Japan - Former Bank of Japan Governor Masaru Hayami (in this March 2003 file photo) dies May 16. He was 84.

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BOJ to act in event of U.S.-led attack on Iraq: Hayami

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami, whose five-year term expires March 19, speaks at his last regular press conference at the BOJ's head office in Tokyo on March 7. Hayami said the central bank is ready to inject further liquidity into the banking system in the event of emergencies such as a U.S.-led attack on Iraq.

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Hayami against pushing yen lower to boost economy

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami delivers a lecture in Tokyo's Chuo Ward on Feb. 25. Hayami strongly rejected the idea that the yen should be steered lower to pull Japan out of deflation by stimulating an export-led recovery.

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Koizumi names Fukui as new BOJ chief

TOKYO, Japan - Toshihiko Fukui, former Bank of Japan deputy governor and currently chairman of the Fujitsu Research Institute, speaks to reporters in Tokyo on Feb. 24 following reports that Prime Minister Junichiro Koizumi has decided to name him as new BOJ governor to replace Masaru Hayami. Hayami's term expires on March 19.

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Koizumi decides to appoint Fukui as new BOJ chief

TOKYO, Japan - Former Deputy Bank of Japan (BOJ) Governor Toshihiko Fukui attends a symposium in Tokyo on Feb. 24. Government sources said the dame day that Prime Minister Junichiro Koizumi has decided to appoint Fukui, currently chairman of the Fujitsu Research Institute, to succeed Masaru Hayami as BOJ chief.

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BOJ to maintain policy despite calls for further credit easing

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a news conference Feb. 18. Hayami said the central bank will maintain its current ultra-easy monetary policy, fending off government pressure to further ease its monetary grip as part of efforts to shore up the economy.

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Hayami says driving yen down would lead to 'Japan selling'

TOKYO, Japan - Bank of Japan Governor Masaru Hayami rejects calls for a policy of trying to drive down the value of the yen at a House of Councillors Budget Committee session Jan. 28. He said it would spark ''Japan selling.''

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BOJ managers gather in Tokyo

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami addresses a branch managers' meeting Jan. 27 at the central bank's head office in Tokyo. The managers will assess the current state of regional economies, amid growing pressure on the central bank to set an inflation target to fight deflation.

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Hayami reiterates opposition to setting inflation target

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a regular press conference at the BOJ's head office in Tokyo on Jan. 24. Hayami reiterated his stance against the idea of introducing an inflation target to stem deflation.

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BOJ branch managers meet to evaluate economy

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami (C) addresses managers of the central bank's regional branches at a quarterly meeting in Tokyo on Oct. 21 to assess the state of regional economies.

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Hayami expresses concern over stock falls

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami, speaking at a news conference at his office Oct. 11, voices concern over recent plunges in Tokyo share prices. He said they are having negative effects on the nation's financial system and households.

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Hayami urge banks to evaluate loans for disposal precisely

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a news conference at the central bank Sept. 20. Hayami said it is important for banks to determine the value of nonperforming loans more precisely to accelerate their disposal.

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BOJ eyes directly purchasing shares held by banks

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami tells reporters in Tokyo on Sept. 18 the central bank will consider directly purchasing shares held by more than a dozen Japanese banks to shield them from latent losses on their shareholdings.

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Hayami says no need to ease monetary policy further

NAGOYA, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a press conference at hotel in Nagoya's Nishi Ward on Sept. 6 after meeting with local business leaders.

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Hayami says economy has stabilized, warns about risks

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami (standing) speaks at the outset of a quarterly meeting of BOJ branch managers at the BOJ's head office in Tokyo on July 22.

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Hayami calls for further reform for sustainable recovery

TOKYO, Japan - Bank of Japan Governor Masaru Hayami delivers a lecture in Tokyo on May 30. He said Japan should not relax its efforts to promote economic structural reforms and dispose of nonperforming loans at banks.

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BOJ branch managers gather to assess economy

TOKYO, Japan - Bank of Japan Governor Masaru Hayami (standing) addresses a branch managers meeting at the bank headquarters in Tokyo on April 4. The quarterly meeting is aimed at assessing the state of regional economies amid emerging positive economic signs.

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BOJ signs currency swap deal with People's Bank of China

TOKYO, Japan - People's Bank of China Governor Dai Xianglong (L) and Bank of Japan (BOJ) Governor Masaru Hayami shake hands at the BOJ's head office in Tokyo on March 28 after signing a bilateral yen-yuan swap agreement.

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BOJ chief hopes for public fund injection by March 31+

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks with the media Feb. 28 following the central bank's decision to boost the supply of funds into the banking system. Hayami said he hopes the government will inject public funds into banks to shore up their capital by March 31.

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Hayami opposes calls for BOJ to set inflation target

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami responds to questions at the House of Representatives Budget Committee in the Diet in Tokyo on Feb. 26. The central bank governor said it is not appropriate for the bank to introduce inflation targets as a step to fight deflation.

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O'Neill talks with BOJ Gov. Hayami

TOKYO, Japan - U.S. Treasury Secretary Paul O'Neill (L) shakes hands with Bank of Japan Gov. Masaru Hayami before their talks at the bank's head office Jan. 23 in Tokyo. O'Neill came to Japan for an international meeting on Afghan reconstruction, which ended Jan. 22.

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BOJ's Hayami says price falls to continue

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami (standing) addresses a meeting of BOJ's branch managers in the bank's head office in Tokyo's Nihombashi district Jan. 21. Hayami said he expects that the economy will continue to remain in a severe state and prices will continue to fall this year.

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Hayami expects economy to remain severe in 1st half of 2002

TOKYO, Japan - Bank of Japan Governor Masaru Hayami said in a recent interview with Kyodo News that he expects the nation's economy to remain severe in the first half of 2002 as a result of the fallout from Prime Minister Junichiro Koizumi's structural reforms.

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BOJ announces more credit easing

TOKYO, Japan - Bank of Japan Governor Masaru Hayami speaks with the media in Tokyo on Dec. 19. He said the central bank will take additional credit-easing steps to help stabilize Japan's financial system and ensure an early economic recovery. After a two-day meeting of its nine-member Policy Board, BOJ decided by a majority vote to inject more liquidity into the banking system.

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Hayami denies plan to set up deflation-fighting team

TOKYO, Japan - Bank of Japan Governor Masaru Hayami speaks at his regular press conference Nov. 21, 2001. He denied the government and the Bank of Japan will set up a joint team to compile a comprehensive policy to prevent the economy from falling into a deflationary spiral.

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BOJ chief says Japan's economic outlook worse after Sept. 11

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami (standing) addresses a quarterly meeting of BOJ branch managers at the central bank's head office in Tokyo on Oct. 22. He said the future course of the Japanese economy has become murkier due to the Sept. 11 terrorist attack on the United States.

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BOJ eases credit

TOKYO, Japan - Bank of Japan Governor Masaru Hayami speaks to the media on the central bank's decision Sept. 18 to further ease its grip on credit in order to help quell fears of a global recession in the wake of last week's terrorist attacks in the United States. The bank will cut its official discount rate by 0.15 percentage point from the current 0.25% to a historic low of 0.10% per annum, effective Sept. 19.

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Hayami says BOJ will watch stock market carefully

NAGOYA, Japan - Bank of Japan Governor Masaru Hayami speaks at a meeting of corporate executives in Nagoya on Aug. 30. Hayami said the central bank will do its best to manage monetary policy while keeping a close watch on stock market movements.

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Hayami says gov't efforts necessary to combat deflation

OSAKA, Japan - Bank of Japan Governor Masaru Hayami (standing) speaks at a meeting of business leaders Aug. 29 at a hotel in Osaka's Kita Ward. Hayami urged the government to do its part to combat deflation, saying further credit easing alone by the central bank is insufficient.

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Hayami resists calls for amending BOJ law

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami holds a press conference at the BOJ head office in Tokyo on Aug. 16. Hayami hit back at emerging moves within the ruling Liberal Democratic Party to amend the BOJ law to increase political influence on the central bank's monetary policy.

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Hayami ready to boost current account reserves

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a press conference at the BOJ's head office in Tokyo on Aug. 14. Hayami said the BOJ is ready to bolster cash reserves in the current accounts of financial institutions beyond the 6 trillion yen line, a decision reached at a Policy Board meeting held earlier in the day.

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BOJ branch managers meet to assess economy

TOKYO, Japan - Bank of Japan Governor Masaru Hayami (L) addresses branch office mangers who gathered in Tokyo on July 26 for a quarterly meeting to assess the state of the Japanese economy and formulate monetary policy.

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Hayami sees no need for further monetary easing

TOKYO, Japan - Bank of Japan Governor Masaru Hayami tells the press at the central bank's head office in Tokyo on June 19 that at present he does not intend to further boost monetary liquidity. He said such a move alone will not help achieve an economic recovery.

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LDP's Yamasaki says will ask BOJ to ease monetary policy

TOKYO, Japan - Taku Yamasaki, secretary general of the ruling Liberal Democratic Party, speaks at a lecture at a Tokyo hotel on June 13. He said he will ask Bank of Japan Governor Masaru Hayami to ease monetary policy further to prevent the economy from slowing more.

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Hayami denies reports of quitting as BOJ chief

TOKYO, Japan - Bank of Japan Governor Masaru Hayami tells a regular news conference May 22 he will do his best as chief of the central bank, brushing aside reports indicating he told the government he wanted to quit. Hayami, 76, was unclear on whether he intends to complete his term, which ends in March 2003.

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Shiokawa, O'Neill hold talks in Washington

WASHINGTON, United States - Japanese Finance Minister Masajuro Shiokawa (2nd from L) holds talks with U.S. Treasury Secretary Paul O'Neill (far L) in Washington on April 28 ahead of the Group of Seven (G-7) meeting of top financial officials. Also present at the Shiokawa-O'Neill meeting were U.S. Federal Reserve Board Chairman Alan Greenspan (2nd from R) and Bank of Japan Governor Masaru Hayami (far R).

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BOJ chief Hayami eyes resignation in May

TOKYO, Japan - Bank of Japan Governor Masaru Hayami speaks at a news conference in file photo taken March 22, 2001. Sources close to the governor said April 27 he intends to resign in May after three years at the helm of the central bank.

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BOJ keeps intact quantitative monetary easing measures

TOKYO, Japan - Bank of Japan Governor Masaru Hayami (4th from L) presides over a meeting of the central bank's policy board April 13. The board left its quantitative monetary easing measures unchanged.

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BOJ branch managers gather for quarterly meeting

TOKYO, Japan - Bank of Japan Governor Masaru Hayami (standing) delivers a speech at a meeting of the central bank's branch managers April 9 in Tokyo. They gathered for a quarterly meeting to discuss the state of regional economies.

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BOJ Governor Hayami speaks to media

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at his regular news conference March 22. He said the central bank's quantitative monetary easing steps have been well received by financial markets and should accelerate Japanese banks' disposal of bad loans.

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Hayami defends BOJ decision to scrap zero-rate last Aug.

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami listens to reporters' questions at a press conference at the bank's Tokyo head office March 19. He defended the central bank against charges it erred Aug. 11, 2000, when it scrapped its zero-interest-rate policy. Hayami met the press shortly after the BOJ Policy Board decided to conduct quantitative easing of monetary policy to help turn the foundering economy around.

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Hayami denies seeing intervention as an option

TOKYO, Japan - Bank of Japan Governor Masaru Hayami replies to questions at a a House of Councillors Budget Committee session March 8. Hayami said his speech the previous day was misinterpreted by the media, which reported him as saying market intervention is an option to weaken the yen and helping buoy the dollar against the yen.

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More monetary steps to be decided by economy trends

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a gathering of business leaders at a Tokyo hotel March 7. Hayami reiterated that whether the BOJ will take additional measures such as reinstating its zero-interest-rate policy and implementing quantitative monetary easing will be decided in accordance with the state of the economy and price trends.

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BOJ cuts discount rate to 0.25%

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a news conference Feb. 28. Hayami said the central bank will cut its official discount rate by 0.10 point to a record low of 0.25%, for the second time in about two weeks, to help reinvigorate the stalled economy.

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BOJ's Hayami rejects immediate return to zero-rate policy

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks at a press conference at BOJ's head office in Tokyo on Feb. 14. He said he has no immediate plans to revive the policy of driving short-term interest rates to around zero, adding recently introduced policy measures will be enough to bolster the economy.

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Economic risk factors prompted BOJ to cut rate: Hayami

TOKYO, Japan - Bank of Japan Governor Masaru Hayami holds a press conference in Tokyo on Feb. 9. He said the bank's Policy Board decided the same day to cut its discount rate to 0.35% from Feb. 13 due largely to the downside risk factors of the nation's economy, which continues to recover gradually albeit at a slower pace.

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BOJ branch managers gather for quarterly meeting

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami (standing) delivers an address at a quarterly meeting in Tokyo on Jan. 29 of the bank's branch managers to discuss the state of regional economies. The meeting took place at a time when some politicians are calling on the central bank to ease its monetary grip amid uncertainty over the outlook for the economy.

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BOJ Gov. Hayami has no plans to reinstate zero-rate policy

TOKYO, Japan - Bank of Japan (BOJ) Governor Masaru Hayami speaks to the media at the BOJ's head office in Tokyo on Jan. 23. Hayami said he does not foresee reinstating the zero-interest-rate policy, quashing speculation that the central bank is preparing to further ease its monetary stance.