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"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference
"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference
Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday
Nearly 40 per cent of Japanese companies want the Bank of Japan (BOJ) to scale down its ultra-loose monetary policy over the next year, local media reported citing a recent survey
Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion
BOJ unrealised losses on its holdings of government bonds amounted to about 8.8 trillion yen ($68 billion) at the end of December last year, the central bank's governor Haruhiko Kuroda has said.
The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01
The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan
With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it
A wave of emergency BOJ buying later reined the yield back in, but markets remained jumpy
The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus
The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously
Bank of Japan has decided to adjust its yields on 10-year govt bonds in a policy move to address mounting costs connected to its long-standing monetary easing measures
Fiscal spending under the package will total 39 trillion yen ($260 billion), funded by an extra budget of 29.6 trillion yen ($201 billion)
Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed on Monday, as the world's third largest economy grapples with rising costs, a weakening currency and slowing global demand. The headline measure for the tankan measuring sentiment among large manufacturers, was plus 8, down from plus 9 the previous quarter. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive. Japan has been trying to fight deflation in recent years and has kept interest rates at near zero. Prices have been rising, but at a more modest pace than in other major economies, and the Bank of Japan has not followed the lead of other central banks in raising interest rates. That means the yen has weakened relative to the surging dollar. That makes exports of autos and electronics more competitive in overseas markets and raises the value of overseas earn
The US dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus
In a rate check, central bank officials call up dealers and ask for the price of buying or selling yen. However, actually intervening to support the currency would be a larger step.
Ten-year yields edged higher to 0.23% Monday in the aftermath of the BOJ's 10.9 trillion yen ($81 billion) of government bond purchases last week, the most on record
The central bank kept its policy settings for yield curve control and asset purchases, according to a statement on Friday, in line with the forecasts of almost all surveyed economists
Japan's yen has been battered by traders wagering that BOJ will stick with its ultra-accommodative policy stance just as the Fed and other central banks accelerate their tightening to tame inflation