Tag: #Bank of Japan

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.

The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets.

The market is pricing 25 basis point hikes for the Federal Reserve and the European Central Bank, but economists will be closely scrutinizing communications on their future rate paths.

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Japan’s central bank maintained its ultra loose monetary policy on Friday, electing to support fragile economic growth at a time of swirling global uncertainty.

Bank of Japan Governor Kazuo Ueda said changing the central bank’s policy target to the five-year bond yield, from the current 10-year zone, would be among options if it were to modify its yield curve control (YCC) policy in the future.

Finance leaders of the Group of Seven (G7) advanced economies will discuss this week ways to strengthen the global financial system, Japan’s finance minister said on Tuesday, as recent U.S. bank failures bring the risk of digital bank runs into focus.