Tag - boj

 
 

BOJ

Gov. Kazuo Ueda has made it clear over the past few months that any monetary policy moves are dependent on inflation and growth data being aligned with forecasts.
BUSINESS / Economy
Oct 31, 2024
Bank of Japan keeps policy rate steady at 0.25%, as expected
The central bank held its ground this week even as it faced considerable political and economic pressure and significant uncertainty on the horizon.
After a two-day meeting of the Bank of Japan policy board ends on Thursday, Gov. Kazuo Ueda is likely to stick to the script and repeat almost verbatim his previous remarks.
BUSINESS / Markets
Oct 30, 2024
Bank of Japan set to stay course with Ueda seen sticking to script
Deviations from expectations in the statement could have an impact on markets, analysts say.
Japan's jobless rate decreased to 2.4% in September, falling to its lowest level since January.
BUSINESS
Oct 29, 2024
Job market tightened in September, supporting wage gains and BOJ policy goals
Higher demand for workers is expected to pressure companies to raise salaries to retain them, potentially feeding into a virtuous cycle between prices and wages.
Bank of Japan Gov. Kazuo Ueda responds to questions during a governors talk on Japanese inflation and monetary policy at the International Monetary Fund and the World Bank Group meeting in Washington on Wednesday.
BUSINESS / Economy / ANALYSIS
Oct 28, 2024
BOJ on quest for better communication as more rate hikes loom
Communicating in a unified voice could prove challenging if each policymaker interprets data differently.
The yen has resumed its declines recently against the dollar on expectations that the U.S.-Japan interest rate divergence will remain wide, posing a headache for authorities who fret of the hit to households from rising import costs from a weak yen.
BUSINESS / Economy
Oct 26, 2024
IMF sees weak yen as beneficial for Japan's economy
The IMF's Japan mission chief also urged Japan to raise rates at a gradual pace and compile supplementary budgets only when a big shock hits the economy.
Core consumer prices in Japan's capital rose 1.8% in October from a year earlier, slipping below the central bank's 2% target for the first time in five months.
BUSINESS / Economy
Oct 25, 2024
Tokyo inflation slows below 2% ahead of election and BOJ meet
Consumer prices excluding fresh food rose 1.8% in the capital in October.
Most economists expect the Bank of Japan to keep its benchmark interest rate unchanged during their policy meeting next week.
BUSINESS / Economy
Oct 24, 2024
BOJ watchers believe rate hike unlikely now as half brace for year-end shift
Analysts will be closely watching for policy hints from a two-day meeting that ends on Oct. 31, a few days after Prime Minister Shigeru Ishiba’s first general election.
Senior IMF official Vitor Gaspar speaks during an interview in Washington last Friday.
BUSINESS / Economy
Oct 24, 2024
IMF official warns Japan of debt deterioration in event of future shock
The IMF predicts that Japan's debt will exceed 250% of its gross domestic product this year before gradually decreasing.
Bank of Japan Gov. Kazuo Ueda speaks during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS
Oct 24, 2024
Ueda says right-sizing BOJ normalization ‘keeps me awake 24/7’
Ueda and his fellow board members are widely expected to keep their benchmark rate unchanged at the next policy meeting, ending Oct. 31.
The Bank of Japan headquarters in Tokyo. There is growing speculation that the central bank will push ahead with rate hikes in the coming months, particularly as the yen continues to weaken.
BUSINESS / Markets
Oct 23, 2024
Japan’s 40-year yield rises to highest since 2008 on Fed outlook
There is also growing speculation that the BOJ will push ahead with rate hikes in the coming months, particularly as the yen continues to weaken.
Debt-laden companies in Japan are rapidly growing in number, in some measures even faster than in 1992 after the collapse of its asset price bubble.
BUSINESS / Companies
Oct 22, 2024
Zombie companies may finally succumb to bankruptcy on BOJ hikes
Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by Tokyo Shoko Research showed earlier this month.
Japan's core inflation slowed in September due to the rollout of energy subsidies.
BUSINESS / Economy
Oct 18, 2024
Japan’s inflation slows for first time since April
The slowdown in price gains largely hangs on government subsidies.
Bank of Japan Gov. Kazuo Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
COMMENTARY / Japan
Oct 18, 2024
The yen pays the price for a timid Bank of Japan
Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
The Bank of Japan’s historic shift this year from radical monetary easing to two interest-rate hikes has sparked volatility in the nation’s securities market as investors speculate on the BOJ’s next move.
BUSINESS / Markets
Oct 17, 2024
Japan Post Insurance markets chief sees Nikkei setting new records after votes
The Nikkei's all-time high, set in July, will probably be "just a passing point,” said Kenichi Kuga, head of global equity and fixed income investment.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Oct 16, 2024
Bank of Japan policymaker calls for 'very moderate' pace of rate hikes
There are doubts about whether Japanese firms will keep sufficiently raising wages next year due to lingering global risks.
Yoshihiko Noda, head of the Constitutional Democratic Party of Japan, speaks during a party leaders' debate at the Upper House of parliament in Tokyo on Wednesday.
BUSINESS / Economy
Oct 11, 2024
Opposition party shakes up Japan’s rate debate with new inflation target
The Constitutional Democratic Party of Japan calls for redefining the Bank of Japan’s inflation target to “above 0%” from the current 2%.
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
BUSINESS / Economy
Oct 11, 2024
Bank of Japan vows better messaging to avoid more market turmoil
There is "strong will" within the central bank to learn from what had happened during its last rate increase, BOJ Deputy Gov. Ryozo Himino.
The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.8% in September from a year earlier.
BUSINESS / Economy
Oct 10, 2024
Japan's wholesale inflation perks up, while yen rise eases cost pressure
The decline in import costs will likely shift the BOJ's attention to whether a more demand-driven rise in inflation takes hold in the country.
New economic revitalization Minister Ryosei Akazawa speaks during an interview on Tuesday in Tokyo.
BUSINESS / Economy
Oct 10, 2024
Japan is aiming for a growth-oriented economy, new minister says
The new minister also underlined his resolve to attain the government's target of raising the weighted average of minimum wages in the 2020s.
Eiji Maeda, former executive of the Bank of Japan
BUSINESS / Economy
Oct 9, 2024
BOJ’s next hike likely to come in January, former official says
The central bank will be watching the U.S. presidential election, the trend in service prices this autumn and momentum ahead of next year’s annual wage talks.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
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