Bank Of Japan

BoJ warns of heightened uncertainty as Trump tariffs rattle markets

While the BoJ statement did not make direct mention of higher US tariffs, it warned that "some firms voiced concern over the impact on output and profits" from US trade uncertainty

Big manufacturers gloomier as Trump tariffs loom, says BOJ survey

Business sentiment among large Japanese manufacturers has worsened for the first time in a year, partly because of worries about US President Donald Trump's tariffs, according to a survey by Japan's central bank released Tuesday. The Bank of Japan's tankan quarterly survey said an index for large manufacturers that shows the percentage of companies foreseeing good conditions minus those feeling pessimistic fell to plus 12 from plus 14 in December, the first dip in four quarters. Major manufacturers include the key auto and electronics sectors, whose exports to the US are a major driver for the Japanese economy. A shrinking population has also dragged on Japan's growth, while rising wages and a tourism boom have helped. US auto tariffs are a worry for major manufacturers like Toyota Motor Corp. and Nissan Motor Corp. Prime Minister Shigeru Ishiba said Tuesday that his government was engaged in last ditch efforts to get the United States to exclude his country from auto tariffs. He

Senate vote to reverse Trump's tariffs on Canada tests Republican support

With President Donald Trump's so-called Liberation Day of tariff implementation fast approaching, Senate Democrats are putting Republican support for some of those plans to the test by forcing a vote to nullify the emergency declaration that underpins the tariffs on Canada. Republicans have watched with some unease as the president's attempts to remake global trade have sent the stock market downward, but they have so far stood by Trump's on-again-off-again threats to levy taxes on imported goods. Even as the resolution from Democratic Sen. Tim Kaine of Virginia offered them a potential off-ramp to the tariffs levied on Canadian imports, Republican leaders were trying to keep senators in line by focusing on fentanyl that comes into the U.S. over its northern border. It was yet another example of how Trump is not only reorienting global economics, but upending his party's longtime support for ideas like free trade. I really relish giving my Republican colleagues the chance to not jus

Japan's youth abandon tourism jobs amid low wages, harsh work culture

According to a study, Japan's tourism boom is at risk as severe labour shortages hit the hospitality sector

Market Today, March 19: BoJ, Fed decision; Nifty breakout; FII buying, IPOs

Stock Market Today, Wednesday, March 19: The US Fed will announce its policy decision tonight amid concerns of inflation ticking higher due to US President Donald Trump's tariffs, if imposed.

Yen rallies on upbeat growth data, dollar steady around two-month low

This has cemented the case for more rate hikes from the Bank of Japan this year. Markets are now pricing in roughly another 37 basis points worth of increases by December

Japan's economy grows more than expected on strong exports, consumption

Japan's economy grew at a better-than-expected annual rate of 2.8 per cent in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world's fourth largest economy grew 0.7 per cent for its third straight quarter of growth, the Cabinet Office reported on Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1 per cent growth in seasonally adjusted real GDP, or gross domestic product, which measures the value of a nation's product and service. That's the fourth straight year of expansion. Private consumption grew at an annual rate of 0.5 per cent during the three months through December, holding up while losing momentum. Exports jumped 4.3 per cent, and capital investment increased 0.5 per cent. The positive data sent Japan's benchmark Nikkei 225 higher, as well as other Asian markets. Some analysts think the anticipation of President Donald Trump's tariffs may have lifted trade. Unlike the US and some other

Bank of Japan raises interest rates to highest level since 2008 at 0.5%

The hike is part of the BOJ's plan to gradually increase rates to a neutral level of around 1% to sustain economic stability

Japan to unveil record $735 bn budget with ramped-up defence spending

The increase from the current fiscal year's initial annual budget of ¥112.6 trillion is around 2.6 per cent, largely in line with the government's forecast for overall inflation in this fiscal year

Japan's budget to hit record, but with reduced new bond issuance: Report

Tax revenue is projected to rise 8.8 trillion yen from this year's initial estimate to a record 78.4 trillion yen, thanks in part to a recovery in corporate profits, according to the draft

BOJ keeps rates steady; dissent signals potential tightening next year

As widely expected, the nine-member BOJ board voted 8-1 to keep its short-term policy rate unchanged at 0.25

Market Today: GIFT Nifty sinks; Dow Jones bleeds on Fed rate cut; DAM IPO

The central bank delivered its 3rd consecutive rate cut but signaled a slowdown in future reductions, leaving investors wary. The Fed trimmed its benchmark interest rate by a widely anticipated 25 bps

Japan's core inflation at 2.3% in Oct, slows but stays above BOJ target

Increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, compared with a median market forecast for a 2.2 per cent gain

Yen firms after less dovish BOJ, dollar dips ahead of inflation data

The BOJ cut its core consumer inflation forecast but said risks were skewed to the upside for that year, causing the yen to rise, said Andrea Cicione, head of strategy at GlobalData.TSLombard

Asian stocks slip as chips drag, yen nears 3-month low before BOJ decision

Yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend

Yen struggles before BOJ decision; dollar steady ahead of US jobs report

The yen has fallen more than 6 per cent in October and is on track for what would be its biggest monthly loss against the greenback since November 2016

Yen dips as Japan's election outcome casts doubt on BOJ's rate hike plans

On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade

Core inflation in Japan's capital slips below BOJ's target in October

BOJ Governor Kazuo Ueda has said the bank will keep raising rates if inflation remains on track to stably hit 2 per cent as it projects

BOJ policymaker calls for slow, cautious movement on interest rate hikes

The comments from Bank of Japan board member Asahi Noguchi come a day after Japan's new prime minister, Shigeru Ishiba, said the economy was not ready for further rate hikes

Unstable markets, uncertainty require vigilance: BOJ Governor Ueda

Prime Minister Shigeru Ishiba on Tuesday urged the BOJ to maintain loose monetary policy, as the government strives to end economic stagnation