Tag - kazuo-ueda

 
 

KAZUO UEDA

Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024
Epic yen rally is a lesson in the lost art of FX intervention
Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024
Yen calling the shots as BOJ mulls rate increase
Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
The Bank of Japan headquarters in Tokyo
BUSINESS
Aug 29, 2024
Japan raises view of economy for first time in 15 months
The Cabinet Office said in its August report that the economy is recovering at a moderate pace, and only parts of it are pausing.
Bank of Japan Gov. Kazuo Ueda "predictably unpredictable" actions and policy shifts highlight the need for improved communication, reflecting modern central banking practices.
COMMENTARY / Japan
Aug 28, 2024
How long can the BOJ get away with rate shocks?
The BOJ’s shifting policies and Kazuo Ueda’s unpredictable approach reflect the need for better alignment with modern central banking practices.
The yen traded in the 143 range against the dollar on Monday, a three-week high.
BUSINESS / Markets
Aug 26, 2024
Dollar sinks against the yen, hovers near 2½-year low to sterling
The U.S. dollar also hovered near its lowest in 13 months against the euro.
Bank of Japan Gov. Kazuo Ueda speaks during a Lower House committee meeting on Friday.
BUSINESS / Economy / ANALYSIS
Aug 26, 2024
BOJ shows how action matters more than hawkish signs
In the debate over how central banks can affect market perceptions, the central bank may have gotten it right when in July it raised rates for a second time.
Bank of Japan Gov. Kazuo Ueda speaks during a Lower House financial affairs committee meeting in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
Aug 24, 2024
Fed's dovish shift a mixed blessing for BOJ rate hike plan
The BOJ's efforts to raise interest rates could be complicated if the two central banks' diverging policy paths keep markets jittery.
Bank of Japan Gov. Kazuo Ueda speaks during a Lower House hearing on Friday in Tokyo.
BUSINESS / Economy
Aug 23, 2024
Ueda promises better communication as he sticks to the script
Ueda took extra care with his comments to an extraordinary session of parliament called to discuss the market turmoil sparked by the central bank's surprise rate hike.
Bank of Japan Gov. Kazuo Ueda is scheduled to respond to questions from lawmakers in parliament on Friday.
BUSINESS / Economy
Aug 22, 2024
BOJ governor set to face intense scrutiny after market chaos
Gov. Kazuo Ueda will respond to questions from lawmakers in the Lower House on Friday morning, and those in the Upper House in the afternoon.
The Bank of Japan won't be able to introduce another rate hike this year, according to former board member Makoto Sakurai.
BUSINESS
Aug 12, 2024
Ex-BOJ board member rules out another rate hike this year
Recent market upheaval and the BOJ’s reaction to it are making market participants wary about the outlook.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after the central bank's policy meeting in Tokyo on July 31.
BUSINESS
Aug 11, 2024
BOJ’s policy path fraught with risks after global market turmoil
Markets erupted with volatility within days of a BOJ rate hike on July 31.
The turmoil affecting global markets came on the heels of Bank of Japan Gov. Kazuo Ueda’s decision to raise rates, but you can't fault him given the volatile worldwide economic conditions.
COMMENTARY
Aug 6, 2024
Tokyo market rout — oops, the BOJ did it again
Japan’s central bank isn’t responsible for the bloodbath. But it’s reliving a terrible habit of hiking rates at the worst possible time.
Bank of Japan Gov. Kazuo Ueda holds a news conference at the central bank's headquarters in Tokyo on Wednesday. The bank raised rates to 0.25% in just the second hike since 2007.
COMMENTARY / Japan
Aug 1, 2024
Ueda’s big day was lost in a communication black hole
The BOJ should improve its information release process, including fixing leaks and setting fixed release times, to avoid similar issues in the future.
Taro Kono, Japan's digital transformation minister, during a Bloomberg Television interview in Tokyo, during which he mentioned that the Bank of Japan to needs to introduce a rate hike to stop the weak yen trend.
BUSINESS / Economy
Jul 29, 2024
Doves in ascendancy ahead of big Bank of Japan meeting this week
The central bank will likely hold rates where they are when it meets this week, according to analysts.
Bank of Japan Gov. Kazuo Ueda and Prime Minister Fumio Kishida show off the new banknotes in Tokyo on Wednesday.
JAPAN / Society
Jul 3, 2024
Japan releases new banknotes for first time in 20 years
The Bank of Japan plans to introduce a total of ¥1.6 trillion ($9.9 billion) worth of the new banknotes into circulation on Wednesday alone.
The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
Monitors show the rate of the yen against the U.S. dollar at a foreign exchange brokerage in Tokyo on Monday. Traders are falling out of step with the Bank of Japan, expecting hawkish steps that are instead met with a cautious approach.
COMMENTARY / Japan
Jun 24, 2024
Traders are out of step with the BOJ’s Ueda
Time and time again, traders predict that the Bank of Japan will take bold next steps, but these rarely come. That's because Gov. Ueda is, most of all, cautious.
Bank of Japan Gov. Kazuo Ueda said the central bank was not yet fully convinced that inflation will sustainably hit its 2% target, stressing the need to spend "a bit more time" to scrutinize data before raising rates again.
BUSINESS / Economy
Jun 18, 2024
BOJ chief signals chance of July rate hike
Such a move would depend on economic data available at the time, says Gov. Kazuo Ueda.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Tokyo on Friday after the central bank's policy meeting.
BUSINESS / Economy
Jun 14, 2024
Bank of Japan’s slow-walk on bond buying reduction rattles market
The yen fell over what the market saw as dithering on the central bank's reduction of its massive balance sheet.
The Bank of Japan is expected to discuss cutting bond purchases at a two-day policy meeting ending Friday.
BUSINESS / Economy
Jun 11, 2024
BOJ expected to weigh bond buying cuts as rate hike timing nears
A paring back of bond purchases would mark the BOJ’s first clear step toward quantitative tightening after pivoting away from its massive stimulus program in March.

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