The Bank of Japan should stop its record bond purchases because the policy has failed to spur consumer prices and instead focus with the government on a wage target, according to a former central banker.While BOJ Gov. Haruhiko Kuroda’s asset purchases and negative interest ...
The Bank of England has unveiled a series of stimulus measures, including its first interest rate cut since the global financial crisis, as it tries to jump-start an economy shocked by Britain’s vote to leave the European Union.The central bank cut its key rate ...
After more than three years of pumping out cheap money that has failed to secure its inflation target, the Bank of Japan has signaled a rethink.Instead of buying yet more government bonds, cutting interest rates or pushing further into uncharted territory, the BOJ disappointed ...
The Japanese government is arranging to compile a stimulus package of at least ¥20 trillion ($188 billion) to help the domestic economy emerge from deflation and fend off the possible adverse effects of Brexit, sources said Wednesday.The government initially envisaged compiling a stimulus package ...
The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation and economic growth in the 19 countries that share the euro.The steps on most ...
Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates ...
Proposed tax refunds on food and drink following a hike in consumption tax next year will have only limited benefit for the economy, some analysts have warned. By one estimate, the refunds will boost gross domestic product growth by a mere 0.03 percentage point.The ...
U.S. stocks rallied more than 2 percent in the late afternoon on Tuesday, bouncing after losses last week and as hopes increased for more stimulus measures from the Chinese government.The gains followed a late rally in Chinese shares and losses of at least 3 ...
The nomination of the Bank of Japan’s newest board member is prompting investor speculation Gov. Haruhiko Kuroda will find it easier to expand monetary stimulus.Yukitoshi Funo, an adviser at Toyota Motor Corp. who previously ran its Asian business outside of Japan, is waiting to ...
The bond market is starting to price in the risk that the Bank of Japan will end its stimulus policies before the government has fixed the nation’s finances.Japan’s implied forward yield, an indicator of traders’ expectations for the 10-year note rate in 2020, surged ...
The ruling Liberal Democratic Party and its junior partner, Komeito, have finalized their respective emergency economic stimulus packages, both centering on steps to bolster domestic demand that has been sluggish since the April 1 consumption tax hike.The packages include measures to invigorate regional economies ...
Japanese homebuyers are piling into floating-rate mortgages, stirring debate over whether they are too complacent as Bank of Japan stimulus revives inflation.The proportion of home loans with adjustable rates climbed to 42.8 percent of Japan’s new lending in February, the highest since December, according ...
