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Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe

"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

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe
Updated On : 07 Apr 2023 | 10:28 PM IST

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe

"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

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe
Updated On : 07 Apr 2023 | 10:20 PM IST

Japan's unemployment rate increased in Feb; jobless rate reaches 2.6%

Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday

Japan's unemployment rate increased in Feb; jobless rate reaches 2.6%
Updated On : 31 Mar 2023 | 3:52 PM IST

40% of Japanese firms want central bank to scale down monetary easing

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

40% of Japanese firms want central bank to scale down monetary easing
Updated On : 06 Mar 2023 | 7:07 AM IST

Asia shares creep higher, wary on US Fed Reserve and BOJ outlooks

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

Asia shares creep higher, wary on US Fed Reserve and BOJ outlooks
Updated On : 20 Feb 2023 | 11:25 AM IST

Bank of Japan's unrealized loss on govt bonds widens to $68bn

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.

Bank of Japan's unrealized loss on govt bonds widens to $68bn
Updated On : 04 Feb 2023 | 4:10 PM IST

Yen drops as BOJ sticks to ultra-easy policy, sterling hits one-month high

The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01

Yen drops as BOJ sticks to ultra-easy policy, sterling hits one-month high
Updated On : 18 Jan 2023 | 6:03 PM IST

Yen perched near 7-mth high as investors wait for policy shift at BOJ

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

Yen perched near 7-mth high as investors wait for policy shift at BOJ
Updated On : 17 Jan 2023 | 12:32 PM IST

Yen tests seven-month high ahead of BOJ policy decision; dollar wobbles

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

Yen tests seven-month high ahead of BOJ policy decision; dollar wobbles
Updated On : 16 Jan 2023 | 7:25 AM IST

Yen jumps as markets test Bank of Japan, inflation retreat lifts stocks

A wave of emergency BOJ buying later reined the yield back in, but markets remained jumpy

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Updated On : 13 Jan 2023 | 6:33 PM IST

Dollar edges to one-week high vs yen amid spike in Treasury yields

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

Dollar edges to one-week high vs yen amid spike in Treasury yields
Updated On : 28 Dec 2022 | 8:18 AM IST

Stocks, bonds fall as BOJ's surprise policy shift spooks investors

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

Stocks, bonds fall as BOJ's surprise policy shift spooks investors
Updated On : 20 Dec 2022 | 11:19 PM IST

Bank of Japan maintains key rates, widens range of long-term govt bonds

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

Bank of Japan maintains key rates, widens range of long-term govt bonds
Updated On : 20 Dec 2022 | 4:38 PM IST

Japan unveils $200 billion in new spending to ease inflation pain

Fiscal spending under the package will total 39 trillion yen ($260 billion), funded by an extra budget of 29.6 trillion yen ($201 billion)

Japan unveils $200 billion in new spending to ease inflation pain
Updated On : 29 Oct 2022 | 12:36 AM IST

Weak yen, higher costs weigh on Japan business sentiment: Survey

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

Weak yen, higher costs weigh on Japan business sentiment: Survey
Updated On : 03 Oct 2022 | 4:40 PM IST

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish

The US dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish
Updated On : 22 Sep 2022 | 12:48 PM IST

Yen jumps vs USD after BOJ rate check, hints on intervention, US PPI data

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.

Yen jumps vs USD after BOJ rate check, hints on intervention, US PPI data
Updated On : 14 Sep 2022 | 10:34 PM IST

Bank of Japan's record $81-billion bond buy brings calm to market

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

Bank of Japan's record $81-billion bond buy brings calm to market
Updated On : 21 Jun 2022 | 1:06 AM IST

Going against the world tide, Bank of Japan maintains ultra-low rates

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

Going against the world tide, Bank of Japan maintains ultra-low rates
Updated On : 18 Jun 2022 | 1:37 AM IST

Japanese yen jumps after govt, central bank sound intervention warning

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

Japanese yen jumps after govt, central bank sound intervention warning
Updated On : 10 Jun 2022 | 4:28 PM IST