Tag: #Bank of Japan

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.

Japanese stocks fell and the yen rose Thursday after comments from Bank of Japan officials helped stir expectations the country could exit its decades-long negative interest-rate policy.

BOJ said Monday it will conduct on Wednesday an unscheduled and unspecific amount of additional purchases of Japanese government bonds with tenures of more than five years and up to 10 years.

The Bank of Japan surprised markets Friday with the announcement that it will buy $2.01 billion (300 billion yen) of five to 10-year bonds.

OSAKA–Bank of Japan Gov. Kazuo Ueda said Monday that he has seen some positive signs of sustainable inflation, but he isn’t ready to unwind monetary easing yet.

The Bank of Japan maintained ultra-low interest rates on Friday and its pledge to keep supporting the economy until inflation sustainably hits its 2% target, suggesting it was in no rush to phase out its massive stimulus programme.

Japan’s core machinery orders fell more than expected in July, as manufacturers balk at new investments in the face of sluggish global growth and weakness in major market China, pointing to a difficult period ahead for the world’s third-largest economy.

The yen has been steadily weakening after Japan’s central bank had adjusted its stance on its yield curve control policy on July 28, sending 10 year Japanese government bonds to its highest levels in nine years.

The benchmark 10-year Japanese government bond yield hit a fresh nine-year peak on Thursday before pulling back after the Bank of Japan again intervened to cool the speed of the rise.