Jan 26, 2015

BOJ's 2% inflation target may prove elusive in 2015

by Shinya Ajima

When Bank of Japan Gov. Haruhiko Kuroda met the press last week after the BOJ’s policy meeting, he effectively admitted the central bank may miss what the market perceives as its deadline of next fiscal year for achieving 2 percent inflation to revive the ...

Switzerland stuns markets by giving up on currency peg

Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country’s central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within ...

Jan 12, 2015

Economy will grow 1.5% in 2015 as oil prices dive: Amari

The economy will grow 1.5 percent in real terms in fiscal 2015, with the downturn in crude oil prices expected to bolster corporate profits and the latest stimulus package standing by to prop up domestic demand, the Abe administration projected Monday. In nominal terms, ...

Jan 8, 2015

Fed looks past a world in turmoil, confident in U.S. recovery

U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday ...

Crude oil slide thorn in BOJ's side

| Nov 28, 2014

Crude oil slide thorn in BOJ's side

by Keiko Ujikane

When a country imports almost all its energy, a slide in oil prices to a four-year low should be helpful — cutting costs for companies and households. For Japan, it may not be so simple. The reliance of the world’s third-largest economy on fossil ...

ECB opens door wider to more economic stimulus

Nov 7, 2014

ECB opens door wider to more economic stimulus

European Central Bank head Mario Draghi opened the door wider for further stimulus on Thursday, saying the bank is laying the technical groundwork for new measures that it could deploy if needed. Stocks rallied and the euro slumped on the news. The ECB did ...