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BOJ ready to take appropriate action to end deflation: Yamaguchi

KAGOSHIMA, Japan - Bank of Japan Deputy Governor Hirohide Yamaguchi speaks during a news conference in Kagoshima on Feb. 24, 2010. Yamaguchi said in a speech in the capital city of Kagoshima Prefecture that the central bank is always ready to take appropriate action to defeat deflation, while voicing concern over the slow pace at which the decline in prices is moderating.

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New BOJ deputy chief sees no need for interest rate cut

TOKYO, Japan - New Bank of Japan Deputy Governor Hirohide Yamaguchi holds a news conference at the central bank's head office on Oct. 27. He said Japan's current credit conditions are already accommodative enough, indicating there is no immediate need for the central bank to cut interest rates.

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Diet OKs Yamaguchi as new BOJ deputy governor

TOKYO, Japan - House of Representative members stand to show their approval of the government's nomination of Hirohide Yamaguchi as a new Bank of Japan deputy governor at a plenary session on Oct. 24. The approval puts an end to the political deadlock that had left one of the central bank's most important seats vacant for more than six months.

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Financial system under severe stress: BOJ deputy chief nominee

TOKYO, Japan - Bank of Japan Executive Director Hirohide Yamaguchi, who the government has nominated as one of the bank's two deputy governors, speaks before a House of Representatives panel Oct. 21. He said the U.S. and European financial systems have been under severe stress amid the deepening global credit turmoil. (Pool photo)

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BOJ Executive Director Yamaguchi nominated as deputy governor

TOKYO, Japan - This undated file photo shows Bank of Japan Executive Director Hirohide Yamaguchi who the Japanese government Oct. 15 nominated as one of the central bank's two deputy governors. The post has remained vacant since earlier this year given the divided Diet.

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BOJ Executive Director Yamaguchi nominated as deputy governor

TOKYO, Japan - This undated file photo shows Bank of Japan Executive Director Hirohide Yamaguchi who the Japanese government Oct. 15 nominated as one of the central bank's two deputy governors. The post has remained vacant since earlier this year given the divided Diet. (Kyodo)

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Financial system under severe stress: BOJ deputy chief nominee

TOKYO, Japan - Bank of Japan Executive Director Hirohide Yamaguchi, who the government has nominated as one of the bank's two deputy governors, speaks before a House of Representatives panel Oct. 21. He said the U.S. and European financial systems have been under severe stress amid the deepening global credit turmoil. (Pool photo)(Kyodo)

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Diet OKs Yamaguchi as new BOJ deputy governor

TOKYO, Japan - House of Representative members stand to show their approval of the government's nomination of Hirohide Yamaguchi as a new Bank of Japan deputy governor at a plenary session on Oct. 24. The approval puts an end to the political deadlock that had left one of the central bank's most important seats vacant for more than six months. (Kyodo)

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New BOJ deputy chief sees no need for interest rate cut

TOKYO, Japan - New Bank of Japan Deputy Governor Hirohide Yamaguchi holds a news conference at the central bank's head office on Oct. 27. He said Japan's current credit conditions are already accommodative enough, indicating there is no immediate need for the central bank to cut interest rates. (Kyodo)

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BOJ ready to take appropriate action to end deflation: Yamaguchi

KAGOSHIMA, Japan - Bank of Japan Deputy Governor Hirohide Yamaguchi speaks during a news conference in Kagoshima on Feb. 24, 2010. Yamaguchi said in a speech in the capital city of Kagoshima Prefecture that the central bank is always ready to take appropriate action to defeat deflation, while voicing concern over the slow pace at which the decline in prices is moderating. (Kyodo)