Tag: #Bank of Japan

Japan’s core consumer prices rose 3.0% in November from a year earlier, data showed on Friday, staying above the central bank’s 2% target for the 44th straight month.

Japan’s benchmark government bond yields hit their highest level since 1999 after the central bank pushed up short-term interest rates to address rising prices and wages.

The Bank of Japan kept its policy rate steady at 0.5% on Friday, in line with the forecast from a Reuters poll of economists.

Japan’s core inflation hit a more than two-year high in May, exceeding the central bank’s 2% target for well over three years, keeping it under pressure to resume interest rate hikes despite economic pressure from U.S. tariffs.

The Bank of Japan kept interest rates steady on Wednesday and warned of heightening global economic uncertainty, suggesting the timing of further rate hikes will depend largely on the fallout from potentially higher U.S. tariffs.

Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise much in the historically deflation-prone economy.

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.

The Bank of Japan will debate whether to raise interest rates next week, Governor Kazuo Ueda said on Wednesday, signalling its intention to take borrowing costs higher barring a Trump-driven market shock.

Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’s heaviest debt, a draft seen by Reuters showed.

Japan’s core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.

The Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%, opting to take the time to assess the impact of financial and foreign exchange markets on Japan’s economic activity and prices.

The Bank of Japan maintained ultra-low interest rates on Thursday but said risks around the U.S. economy were somewhat subsiding, signalling that conditions are falling into place to raise interest rates again.

The Bank of Japan kept its benchmark interest rate steady at “around 0.25%” — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. 

Bank of Japan will continue to raise interest rates if inflation moves in line with its forecast

The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase “without too much delay” to address risks of inflation overshooting expectations, a meeting summary showed on Monday.

The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its purchase of Japanese government bonds.

BOJ raised its short-term interest rates to 0% to 0.1% from -0.1%, according to its statement at the end of its two-day March policy meeting.

The BOJ decided unanimously to keep interest rates at -0.1%, and stuck to its yield curve control policy that keeps the upper limit for 10-year Japanese government bond yield at 1% as a reference, according to a policy statement released Tuesday after a two-day meeting.

Bank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank’s inflation target was “gradually rising” and it would consider changing policy if prospects of sustainably achieving the 2% target increase “sufficiently.”

The Bank of Japan decided unanimously on Tuesday that it would keep interest rates at -0.1%, while also sticking to its yield curve policy that references the 1% upper bound for 10-year Japanese government bonds as its limit.