Tag - interest-rates

 
 

INTEREST RATES

BOJ Gov. Kazuo Ueda takes questions during a news conference. The bank's monetary policy overhaul announced last week was known by some Japanese media before it was made public.
COMMENTARY / Japan
Mar 25, 2024
The BOJ has sprung a leak. Japan must investigate.
The bank's policy of disclosing information selectively to certain media is harmful and needs to be looked into, as slip-ups in other countries show.
Hedge funds have been consistently short the yen since 2021, according to CFTC, with the trade remaining popular in recent months on expectations that the BOJ’s pursuit of policy normalization will nonetheless remain accommodative.
BUSINESS / Markets
Mar 23, 2024
Hedge funds boost bearish yen bets after BOJ’s dovish hike
The yen fell more than 1% against the dollar following the conclusion of the central bank’s meeting Tuesday, and is now set for a second weekly drop.
Shoppers in Tokyo on Tuesday
BUSINESS
Mar 22, 2024
Historic day for BOJ will take some time to be felt by people in Japan
With future rate hikes likely, the yen and mortgages could still see a more substantial impact.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference on Tuesday after the central bank ended its ultra-aggressive monetary stimulus program and scrapped the world's last negative interest rate.
EDITORIALS
Mar 22, 2024
The BOJ's rate hike is both more and less than it seems
There are some fears that the BOJ's return to a positive interest rate environment threatens weak companies.
The Bank of Japan's recent decision to abandon negative interest rates is seen more as a symbolic shift.
COMMENTARY
Mar 21, 2024
BOJ finally ditches negative rates, but this is no liftoff
It's the end of an era for the Bank of Japan as negative interest rates are phased out.
Bank of Japan Gov. Kazuo Ueda speaks to reporters after meeting with Prime Minister Fumio Kishida on Tuesday in Tokyo.
JAPAN / Politics
Mar 21, 2024
BOJ turns page on Abenomics, giving reeling Kishida election hope
The bank's aggressive monetary easing was one of the three pillars of the deflation-fighting program.
Analysts say further rate hikes by the Bank of Japan could prompt the downfall of "zombie" firms in the face of higher borrowing costs, but that the current labor shortage could help offset some of the adverse impacts of possible insolvencies.
BUSINESS / Companies
Mar 20, 2024
BOJ rate hike may spell end for Japan's unprofitable 'zombie' firms
The COVID-19 pandemic, in particular, pushed up the number of such firms that are barely surviving while struggling to cover debt-serving costs.
The Bank of Japan headquarters in Tokyo. A survey by Bloomberg indicates a majority of analysts surveyed doesn’t expect another rate hike as a base case, but plenty of others are warning that the BOJ may not be finished.
BUSINESS / Economy
Mar 20, 2024
Investors and economists split on whether BOJ will raise rates again
By moving in March instead of the consensus view of April, Gov. Kazuo Ueda secured space to raise borrowing costs again if data supports the case.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024
How the Bank of Japan's plan for a smooth stimulus exit unfolded
The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.
The Bank of Japan headquarters in Tokyo
BUSINESS / Companies
Mar 19, 2024
Japanese business groups welcome BOJ's first rate hike in 17 years
"I think the BOJ has caught the indications that a virtuous cycle between wages and prices has started," Keidanren Chairman Masakazu Tokura said.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at the bank's headquarters in Tokyo on Tuesday.
BUSINESS
Mar 19, 2024
BOJ introduces first rate hike in 17 years following pay gains
The negative rates policy, the last one in the world, had been a symbol of the Bank of Japan's ultraloose monetary stimulus lasting over a decade.
The Bank of Japan will decide whether to end its negative interest rate policy at its policy board meeting, which ends on Tuesday.
BUSINESS / Economy
Mar 18, 2024
BOJ’s Ueda faces decision time on rate hike
With the end of Japan's negative rate being a near certainty, the only question that remains is whether it comes on Tuesday or at the end of April.
Call loan brokers at Tokyo Tanshi in Tokyo in November. After decades of setting its benchmark rate near zero, the Bank of Japan is poised to tighten, spurring new opportunities for veteran traders after decades of setting its benchmark rate near zero.
BUSINESS / Markets
Mar 17, 2024
Japan’s $4 trillion offshore funds will ignore first BOJ hike
Only 40% of 273 respondents said the BOJ's first interest-rate hike since 2007 will prompt investors to sell foreign assets and repatriate the proceeds.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy
Mar 15, 2024
BOJ to end negative interest rates at next week's meeting, sources say
The move would be the first rate hike by the central bank in 17 years.
Investors will be heaping ever more scrutiny on Japanese assets, with negative rates potentially relegated to history.
BUSINESS / Markets
Mar 15, 2024
BlackRock and Man Group reveal big Japan bets before BOJ decision
Snap up more Japanese stocks and keep buying the yen — these are some of the most popular calls from big-name money managers.
Some 38% of Bank of Japan watchers in a survey believe the central bank will end its negative rates next week.
BUSINESS / Economy
Mar 12, 2024
Half of BOJ watchers still see April rate hike while bets on March move jump
The proportion of 50 economists forecasting an end to the world’s last negative rate in April slipped to 54% in the latest survey from 59% in January.
Bank of Japan Gov. Kazuo Ueda said consumption was weakening for food and daily necessities amid higher prices.
BUSINESS / Economy
Mar 12, 2024
BOJ chief Kazuo Ueda slightly tones down optimism on economy
Speaking in parliament on Tuesday, Bank of Japan Gov. Kazuo Ueda said consumption was weakening for food and daily necessities amid higher prices.
Kazuo Ueda, governor of the Bank of Japan, speaks at a fintech summit in Tokyo on Tuesday.
BUSINESS
Mar 8, 2024
Bank of Japan leaning toward exiting negative rates in March
Many BOJ policymakers are closely watching the outcome of big firms' annual wage negotiations with unions on March 13.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo in February.
BUSINESS
Mar 7, 2024
BOJ bets swing toward March rate hike
Bets on the March 18-19 meeting are gaining traction.
Bank of Japan Gov. Kazuo Ueda speaks at a forum in Tokyo on Tuesday. Tackling a bloated balance sheet is set to be a challenging hurdle for the central bank.
BUSINESS / Markets
Mar 6, 2024
Normalizing Bank of Japan's balance sheet will take nine years, says ex-official
Failing to issue guidance on the planned normalization could lead to high market volatility in yields, former Executive Director Kenzo Yamamoto warns.

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