Wholesale prices fell 3.1% in January

Feb 10, 2016

Wholesale prices fell 3.1% in January

Japan’s wholesale prices dropped 3.1 percent in January from a year earlier for the 10th straight month of decline, with a slowing Chinese economy and oversupply concerns leading to lower crude oil and other commodity prices, the Bank of Japan said Wednesday. The index ...

Effects of the BOJ's negative rate policy spread

Feb 6, 2016

Effects of the BOJ's negative rate policy spread

The effects on the everyday lives of people from the Bank of Japan’s decision late last month to introduce negative interest rates are spreading. Commercial banks are lowering their deposit rates due to falling market interest rates, while the Finance Ministry has suspended the ...

Baseball great Canseco hits out at 'dumb' Bank of Japan

Feb 4, 2016

Baseball great Canseco hits out at 'dumb' Bank of Japan

Retired Major League Baseball superstar Jose Canseco, no stranger to bizarre online ramblings on random topics, has panned the Bank of Japan’s shock decision to adopt negative interest rates, calling the move “dumb.” The former Oakland A, who also played with several other teams ...

Feb 4, 2016

Negative interest for retail depositors unlikely: Kuroda

Japanese banks are unlikely to apply negative interest rates to deposits held by retail customers, Bank of Japan Gov. Haruhiko Kuroda said Thursday. “Of course, the BOJ will consider additional monetary easing if necessary,” Kuroda told a House of Representatives Budget Committee meeting, showing ...

Feb 3, 2016

BOJ will look into media report foreshadowing negative rates

The Bank of Japan will look into a media report that said the BOJ board was discussing a negative interest rate policy just minutes before it surprised observers with the announcement. “We’ll start by examining the situation carefully, including the possibility that it was ...