Page 6 - Bank Of Japan

Bank of Japan's new chief keeps ultra-low rates, embarks on policy review

Revamps guidance, removes pledge to keep rates at low levels; quarterly report projects inflation to hit 1.6% in fiscal 2025

End may be in sight for global interest rate-hike cycle as Fed nears peak

The short-lived peak for global rates, according to a gauge calculated by Bloomberg Economics, will be 6% in the third quarter. By the end of next year, that measure is seen dropping to 4.9%

Bank of Japan's new head says banks stable, rules out major policy shift

The new governor of Japan's central bank signalled on Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. Bank of Japan Gov. Kazuo Ueda said Japan's financial institutions are not facing the sorts of turmoil seen recently with bank failures in the US and Europe. He pledged to do his utmost to maintain stability in both prices and financial systems in the world's third-largest economy. Markets have calmed and, as far as the impact on the Japanese system, we have maintained the easy monetary policy, and there is ample capital and fluidity, Ueda said. Japan's central bank is seeing its first leadership change in a decade, at a time when inflationary pressures around the world remain a risk and central banks are fighting back with big interest rate increases meant to slow economic activity. Ueda is taking over what many see as the unfinished work of his predecessor, Haruhiko Kuroda, whose second five-year term ende

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe

"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe

"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference

Japan's unemployment rate increased in Feb; jobless rate reaches 2.6%

Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday

40% of Japanese firms want central bank to scale down monetary easing

Nearly 40 per cent of Japanese companies want the Bank of Japan (BOJ) to scale down its ultra-loose monetary policy over the next year, local media reported citing a recent survey

Asia shares creep higher, wary on US Fed Reserve and BOJ outlooks

Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion

Bank of Japan's unrealized loss on govt bonds widens to $68bn

BOJ unrealised losses on its holdings of government bonds amounted to about 8.8 trillion yen ($68 billion) at the end of December last year, the central bank's governor Haruhiko Kuroda has said.

Yen drops as BOJ sticks to ultra-easy policy, sterling hits one-month high

The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01

Yen perched near 7-mth high as investors wait for policy shift at BOJ

The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan

Yen tests seven-month high ahead of BOJ policy decision; dollar wobbles

With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it

Yen jumps as markets test Bank of Japan, inflation retreat lifts stocks

A wave of emergency BOJ buying later reined the yield back in, but markets remained jumpy

Dollar edges to one-week high vs yen amid spike in Treasury yields

The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus

Stocks, bonds fall as BOJ's surprise policy shift spooks investors

The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously

Bank of Japan maintains key rates, widens range of long-term govt bonds

Bank of Japan has decided to adjust its yields on 10-year govt bonds in a policy move to address mounting costs connected to its long-standing monetary easing measures

Japan unveils $200 billion in new spending to ease inflation pain

Fiscal spending under the package will total 39 trillion yen ($260 billion), funded by an extra budget of 29.6 trillion yen ($201 billion)

Weak yen, higher costs weigh on Japan business sentiment: Survey

Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed on Monday, as the world's third largest economy grapples with rising costs, a weakening currency and slowing global demand. The headline measure for the tankan measuring sentiment among large manufacturers, was plus 8, down from plus 9 the previous quarter. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive. Japan has been trying to fight deflation in recent years and has kept interest rates at near zero. Prices have been rising, but at a more modest pace than in other major economies, and the Bank of Japan has not followed the lead of other central banks in raising interest rates. That means the yen has weakened relative to the surging dollar. That makes exports of autos and electronics more competitive in overseas markets and raises the value of overseas earn

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish

The US dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus

Yen jumps vs USD after BOJ rate check, hints on intervention, US PPI data

In a rate check, central bank officials call up dealers and ask for the price of buying or selling yen. However, actually intervening to support the currency would be a larger step.