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BOJ¥

The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023
BOJ tweak not prelude to ultralow rates exit: deputy governor
Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
The headquarters of Bank of Japan in Tokyo. The central bank has sharply raised its inflation forecast for this fiscal year and sees risks on the upside for this year and next.
BUSINESS
Aug 1, 2023
No further BOJ policy shifts expected in 2023 after surprise tweak
A survey last week found 26% of 41 economists see next April as the most likely time for further adjustments.
Bank of Japan Gov. Kazuo Ueda gives a news conference in Tokyo on Friday. The BOJ jolted financial markets by loosening its grip on bond yields.
COMMENTARY / World
Jul 30, 2023
BOJ yields some control, but also throws a curveball
In trying to keep several plates spinning as it pertains to monetary policy and inflation, BOJ Gov. Kazuo Ueda steps on his message.
Bank of Japan headquarters in Tokyo on Friday. The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade, one of this year's most popular strategies, as the currency inevitably becomes more expensive.
BUSINESS / Economy / ANALYSIS
Jul 29, 2023
Bank of Japan's opaque policy shift means stronger and wilder yen
The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade.
Kazuo Ueda, governor of the Bank of Japan, speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023
BOJ to allow ‘greater flexibility’ with yield curve control policy
The bank also raised its inflation forecast in the quarterly outlook, projecting that consumer prices for fiscal 2023 will be 2.5%.
Core inflation in Japan's capital slowed in July but remained well above the Bank of Japan's 2% target.
BUSINESS / Economy
Jul 28, 2023
Tokyo CPI growth tops consensus, focusing attention on BOJ
Consumer prices excluding fresh food rose 3% in the capital, beating analysts’ forecast of a 2.9% increase, underscoring the stickiness of underlying inflation.
International Monetary Fund chief economist Pierre-Olivier Gourinchas
BUSINESS / Economy
Jul 26, 2023
IMF urges BOJ to move away from yield control and prepare for future tightening
The remarks came ahead of the BOJ's meeting on Friday, where the board will release price forecasts and debate whether to adjust policy.
Bank of Japan Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming by emphasizing his doubts about the sustainability of price rises.
BUSINESS / Economy
Jul 25, 2023
BOJ set to stick with easing as markets see clock ticking on yield control
Since taking the helm in April, Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming.
Japan's consumer prices rose 3.3% year-on-year in June, with the pace of inflation accelerating from the 3.2% recorded in May.
BUSINESS
Jul 21, 2023
Japan's price growth accelerates ahead of BOJ inflation update
Prices excluding those for fresh food gained 3.3% from a year ago, accelerating a little from the rise in May as energy prices were less of a drag on inflation.
Japan Times
COMMENTARY / Japan
Jul 23, 2023
BOJ faces monetary policy challenges amid an inflationary environment
The BOJ with its monetary policies must navigate various structural issues, including population decline, aging and geopolitical tensions to achieve its desired price stability.
Japan Times
BUSINESS
Jul 21, 2023
Japan's top financial diplomat signals chance of BOJ policy tweaks
In rare remarks on monetary policy, Masato Kanda said he expects the Bank of Japan to make a judgment on policy by analyzing the conditions and outlook for prices at every review.
Japan Times
BUSINESS
Jul 21, 2023
Japan's price growth accelerates ahead of BOJ inflation update
Prices excluding those for fresh food gained 3.3% from a year ago, accelerating a little from the rise in May as energy prices were less of a drag on inflation.
Japan Times
BUSINESS
Jul 19, 2023
Tokyo traders await June inflation data ahead of BOJ policy meeting
Consumer prices excluding fresh food and energy costs have seen price gains hovering close to a high of more than four decades.
Japan Times
BUSINESS / Markets
Jul 18, 2023
An $880 billion fund is shorting key Japanese bonds in BOJ bet
An $880 billion fund is betting it’s only a matter of time before the Bank of Japan tightens monetary policy.
Japan Times
BUSINESS / Economy
Jul 16, 2023
Japan finance minister says 'no discussion' of exchange rates at G7
The BOJ's easy monetary policy has been a key driver of the yen's weakness, as it contrasts with tightening in the United States, Europe and most other developed economies.
Japan Times
BUSINESS
Jul 14, 2023
BOJ to tweak yield control this month, ex-official says
Hideo Hayakawa, who is also a former BOJ chief economist, said that the central bank must raise its inflation outlook for this fiscal year to match reality.
Japan Times
BUSINESS / Economy
Jul 13, 2023
Market reflects rising speculation over BOJ policy tweak ahead of July meeting
At least some market players think the BOJ may choose to reshape its policy of holding down 10-year yields, to help boost an economy already showing signs of improved price and wage trends.
Japan Times
BUSINESS
Jul 12, 2023
Japan households' inflation expectations rise, keeping pressure on BOJ
The ratio of Japanese households expecting prices to rise a year from now stood at 86.3% in June, up from 85.7% in March to hit the highest level since June 2022, the BOJ survey showed.
Japan Times
BUSINESS
Jul 12, 2023
Yen strengthens through ¥140 as bulls bet on turning point
Predictions that the yen was poised for a 10% rally as Japan relented on its ultradovish monetary policy have yet to pan out, but signs that the currency is at a turning point are mounting.

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A woman passes an "akichi" (vacant lot) in Bunkyo Ward, Tokyo. The capital is littered with such small lots in part because of Japan's aging and shrinking population.
Dealing with rising land vacancies as Japan shrinks