Tag - interest-rates

 
 

INTEREST RATES

Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Oct. 31.
BUSINESS / Economy
Nov 9, 2023
BOJ debated groundwork for future easy-policy exit at meeting
The October discussions highlight how the central bank is looking to exit its decade-long accommodative regime.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.
The Bank of Japan is holding a two-day policy meeting through Tuesday.
BUSINESS / Economy
Oct 30, 2023
Ueda faces market fallout risk as BOJ mulls yields, prices and yen
In a sign of just how fraught the discussions on policy may be, BOJ officials are likely to monitor yield movements until the very last minute.
An increasing number of middle-aged men are using currency trading apps to buy and sell the yen to get short-term profits.
BUSINESS / Markets
Oct 26, 2023
Middle-aged salarymen exploit volatile yen with smartphone trades
Smartphone traders amplify volatility in currency markets by seizing on intraday moves, departing from a previous focus on interest rate differentials.
Traders are betting that the Bank of Japan will almost certainly end its negative interest rate policy by early next year.
BUSINESS / Economy
Oct 24, 2023
Rising bets on BOJ policy move shift focus to ‘neutral’ rate
This theoretical rate that neither stimulates nor restricts the economy is likely somewhere in a wide range of 0.5% to 2%, according to analysts.
The Bank of Japan headquarters in Tokyo. Nearly 40% of respondents of the latest Bloomberg Markets Live Pulse survey said Treasurys will face the most severe impact from the BOJ shifting away from superaccommodative policy.
BUSINESS
Oct 23, 2023
When Japan ends negative rate policy, Treasurys will suffer
The Bank of Japan is likely to unwind its unusual policy of subzero rates during the first half of 2024.
The International Monetary Fund says it sees no factors for Japan to intervene in the foreign exchange market to support the yen.
BUSINESS / Markets
Oct 16, 2023
IMF sees no conditions for Japan to intervene in currency market
Whether Japan will intervene to support the yen has been a key focus lately, with the currency staying near ¥150 per dollar.
Bank of Japan board members discussed progress toward their inflation target and the need to put together an exit strategy in their September policy meeting.
BUSINESS / Economy
Oct 2, 2023
BOJ board members see price goal progress and need to plan exit
The comments are likely to strengthen expectations among BOJ watchers that the central bank will adjust policy in early 2024.
Kazuo Ueda, governor of the Bank of Japan, speaks during a news conference in Tokyo on Sept. 22.
BUSINESS / Markets
Sep 30, 2023
Concern over losses won't affect monetary decision, BOJ chief says
Gov. Kazuo Ueda also said there was "still a distance to go" before the BOJ exits ultraloose monetary policy.
Bank of Japan Gov. Kazuo Ueda during a news conference at the central bank's headquarters in Tokyo on Friday
BUSINESS / Economy
Sep 22, 2023
BOJ maintains its dovish monetary easing amid policy speculation
Comments by Gov. Kazuo Ueda in an interview earlier this month had sparked speculation that the BOJ might move to change policy at an earlier date.
The Bank of Japan's headquarters in Tokyo
COMMENTARY / Japan
Sep 19, 2023
The Bank of Japan faces a monetary policy conundrum
The BOJ may need to interpret the 2% price stability target more flexibly.
Bank of Japan officials view Gov. Kazuo Ueda’s scholarly communication style as the most obvious difference from the previous governor.
BUSINESS / Economy
Sep 19, 2023
Ueda abandons ‘shock and awe’ on path toward BOJ normalization
BOJ officials view Ueda’s scholarly communication style as the most obvious difference from the previous governor.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Sep 13, 2023
BOJ watchers bring forward rate hike forecasts on Ueda’s remarks
Economists moved forward their forecasts for an end to negative interest rates after the BOJ chief touched on that possibility in an interview.
Banks have surged more than 50% over the past year on speculation gains in prices and wages will become sustainable enough for the Bank of Japan to end years of rock bottom rates.
BUSINESS / Economy
Sep 12, 2023
Top fund managers pile into Japanese banks on BOJ tightening bets
Fund managers are piling into Japanese banks on the possibility the Bank of Japan is preparing to end its ultraeasy monetary policy.
The yen remains vulnerable to sharp movements and government intervention even after its rally at the start of this week.
BUSINESS / Markets
Sep 12, 2023
Imminent Fed meet keeps yen intervention on agenda despite rally
U.S. inflation figures set to be released Wednesday are expected to show price growth accelerating for a second month in August versus a year earlier
Kazuo Ueda
BUSINESS / Economy
Sep 9, 2023
BOJ's Ueda signals chance of ending negative rates, report says
The central bank could have enough data by year-end to determine whether it can end negative rates, Gov. Kazuo Ueda said in an interview.
Bank of Japan board member Toyoaki Nakamura says it is uncertain whether smaller companies can earn enough profits to keep hiking wages next year and beyond.
BUSINESS / Economy
Aug 31, 2023
BOJ policymaker warns against premature monetary tightening
Tightening monetary policy before rising prices are accompanied by higher wages would hurt domestic demand and corporate profits, Toyoaki Nakamura said.
The Bank of Japan's inflation outlook doesn’t reflect reality, according to one of the country’s leading experts on prices.
BUSINESS / Economy
Aug 29, 2023
BOJ’s outlook doesn’t reflect reality, key price expert says
While the bank sharply raised its price outlook last month, it was still kept too low, said University of Tokyo economics professor Tsutomu Watanabe.
Kenya Koshimizu, senior executive at Mizuho Financial Group, speaks during an interview in Tokyo on Monday.
BUSINESS / Economy
Aug 22, 2023
Mizuho deferring JGB purchases as BOJ mulls policy exit: official
Banks face a looming inflection point as Japan's economy approaches policy normalization after years of little growth, weak spending and massive easing.
The Bank of Japan's attempts to dismantle ultraloose monetary policies have led to unexpected market reactions and left some investors struggling to understand the central bank's intentions.
COMMENTARY / Japan
Aug 10, 2023
The BOJ gets a new doctrine. It’s just keeping it to itself.
The BOJ is likely sincere when it says the 2% price goal is still some way off, even if one member seemingly believes it’s on the horizon.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?