The new governor, who headed the Asian Development Bank before being asked to take the helm at the BoJ, said in the past the bank had been too timid with its policies and he supports the 2% inflation target....
Tropical log prices quoted for the Japanese market, which
had been falling since June, have leveled out says the
Japan Lumber Reports (JLR). This, says the JLR, is
because buyers in India and Taiwan P.o.C have become
more active in the market...
The Japan Lumber Reports (JLR) has indicated that the
total plywood supply (production plus imports) in Japan
for the first six months of 2011 was 3,113,700 cu.m, 9%
more than during the same period last year...
Seihoku's Ishinomaki plywood plants sustained
considerable damage during the March earthquake and
tsunami but clearing of debris and repairs to the machinery
is progressing well say the Japan Lumber Reports (JLR)...
In the 3 prefectures (Iwate, Miyagi, and Fukushima) most
affected by the earthquake and tsunami plywood demand
is being driven by emergency repair work and the plywood
business is booming...
The Japan Federation of Plywood Manufacturers
Association is quoted as saying that six plywood mills
which sustained considerable damage as a result of the
recent earthquake and tsunami will restart partial
production, probably in July...