Page 2 - Bank Of Japan

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

Asian shares extend rally, yen edges higher as BOJ holds rate steady

With more easing to come, investors are wagering on continued US economic growth

Bank of Japan policymaker urges caution regarding interest rate hikes

The BOJ's plan to keep raising rates comes at a time when many other central banks are beginning to ease policy

Era of free mortgages over in Japan with central bank raising interest rate

Japan's central bank had maintained benchmark interest rates near zero since the mid-1990s. As a result, many home buyers have gotten used to paying between 0.3 and 0.4 per cent

FPIs inflow in equities drops to Rs 7,320 cr in August on higher valuations

Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in June, according to data with the depositories. While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said. According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net investment of Rs 7,320 crore in Indian equities in August. The fundamental reason for the poor FPI interest compared to the preceding two months is the high valuation in the Indian market. With Nifty ...

Yen firms after BOJ's Ueda flags readiness to hike; markets await Powell

Bouts of Japanese interventions and the interest rate hike in July tripped up investors who unwound the popular carry trade, in which traders borrowed yen to finance high-yielding assets

Asian shares turn cautious with US Fed in focus, yen up as BOJ chief speaks

Traders see very little chance that BOJ could hike rates in Oct after recent sell-off, but Ueda said the central bank stood ready to raise rates if economy and prices move in line with its forecast

BOJ highlights rising wage pressure from structural changes in job market

The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates

Japan's economy grew last qtr on healthy consumer spending, investments

Japan's economy grew at an annual rate of 3.1% in the April-June period, rebounding from the contraction in the previous quarter, government data showed Thursday. The world's fourth largest economy grew 0.8% in the fiscal first quarter, according to the Cabinet Office. Seasonally adjusted gross domestic product, or GDP, measures the value of a nation's products and services. The annual rate shows how much the economy would have grown or contracted, if the quarterly rate had continued for a year. Domestic demand grew a robust 3.5% from the previous quarter on the back of healthy household consumption and private sector investments, as well as government investments. Exports grew a booming 5.9%. Japan's GDP shrank 0.6% in January-March on quarter, after eking out 0.1% growth in October-December last year. Economic growth went back and forth between such periods of contraction and weak expansion for the past year. Today's GDP data signal that the virtuous cycle between income and ...

Bank of Japan's policy path filled with risks after global market turmoil

In some ways, investor complacency after such a long period of steady BOJ policy made the likelihood of jumpy markets inevitable when it came time for Japanese authorities to exit

Markets snap three-day losing streak; Sensex climbs 875 points, Nifty 305

Amid global relief rally following assurances from Bank of Japan, Fed officials

Yen carry trade, US recession threat: How brokerages interpret developments

India, analysts said, remains in a relatively better position amid strong fundamentals. Though valuations remain a concern, investors can use markets correction to buy quality stocks for the long-term

Global stock market sell-off: Chris Wood of Jefferies decodes impact

Indian stock market is much more resilient in the face of a US downturn and related Wall Street sell-off than the likes of Japan, Wood said

BOJ raises key interest rate, aims to curb yen's slide against dollar

The Bank of Japan raised its key interest rate Wednesday to about .25% from zero to about 0.1%, acting to curb the yen's slide against the U.S. dollar. The move was widely expected, and the yen gained sharply against the dollar ahead of Wednesday's decision, trading at 152.75. But the dollar rebounded slightly after the decision, to 153.17 yen. Share prices in Tokyo slipped 0.2% after the decision, to 38,463.18 after the decision. The central bank has kept interest rates near or below zero for years, seeking to spur inflation in hopes that would sustain stronger growth for one of the world's largest economies. That strategy has proven controversial. It did help to end a prolonged bout of deflation, or falling prices. But since wages failed to keep pace with price increases, consumers have tended to spend less rather than more. Still, the bank said conditions warranted a change. A weak yen has pushed prices in Japan higher since it makes imported gas, oil and other necessities more