Tag - boj¥

 
 

BOJ¥

The Bank of Japan headquarters in Tokyo. Analysts polled ahead of Friday were in agreement that the BOJ would choose not to make any rate adjustments.
BUSINESS / Economy
Sep 20, 2024
Bank of Japan leaves rates unchanged as Ueda signals pause
The central bank on Friday kept the uncollateralized overnight call rate steady at 0.25% following a two-day meeting of its Policy Board.
The Bank of Japan is holding its policy board meeting this week.
BUSINESS / Economy
Sep 17, 2024
Japan set to hold rates steady as yen rallies and LDP candidates stump
A rate hike by the Bank of Japan right after an expected cut by the Federal Reserve would cause more turbulence, UBS Securities' chief Japan economist says.
The yen has gained more than 4% this month versus the dollar amid expectations the U.S. Federal Reserve will start cutting interest rates this week.
BUSINESS / Markets
Sep 17, 2024
Hedge funds start to split on long-yen trades before Fed and BOJ meets
Some short-term funds locked in profits ahead of the monetary policy decisions this week, while others are looking to increase their long-yen positions.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024
Yen strengthens beyond ¥140 per dollar for first time since 2023
The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024
Epic yen rally is a lesson in the lost art of FX intervention
Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
The Bank of Japan headquarters in Tokyo. Some 53% of economists surveyed by Bloomberg said the earliest timing for a rate change would be in October.
BUSINESS / Economy
Sep 13, 2024
Over half of BOJ watchers see next rate hike coming in December
The survey results show most analysts believe the market ructions after the July 31 rate hike didn't derail the BOJ from the normalization path.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Sep 11, 2024
BOJ’s bond buying cuts carve out opening for investors
Net purchases by the central bank have fallen below zero as redemptions surpassed buying.
The dollar fell to an eight-month low in Tokyo trading Wednesday morning, after a Bank of Japan policymaker signaled a willingness to raise interest rates further.
BUSINESS / Markets
Sep 11, 2024
Yen leads gains versus dollar as traders weigh BOJ and U.S. debate
The yen has been in a broad appreciation trend since hitting a multi-decade low of ¥161.95 on July 3.
Japan's economy expanded in the April-June period at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending.
BUSINESS / Economy
Sep 9, 2024
Japan’s softer economic rebound still keeps BOJ hike in play
In noninflation adjusted terms, the economy advanced 1.8% from the previous quarter.
Former Bank of Japan Gov. Haruhiko Kuroda's remarks on Friday suggest the central bank has a long way to go since its latest rate hike took the key rate to just 0.25%.
BUSINESS / Economy
Sep 6, 2024
Kuroda indicates that BOJ is still a long way from neutral rate
A nominal neutral rate could be less than 2%, the former central bank governor told the Bund Summit in Shanghai via video link.
The Bank of Japan headquarters in Tokyo. The BOJ was seen as having contributed to the global market meltdown in early August after its 0.25% hike.
BUSINESS / Economy
Sep 6, 2024
BOJ’s hiking pace may be faster than expected, ex-official says
While almost no economists expect the BOJ to adjust its benchmark rate on Sept. 20, many BOJ watchers expect another rate hike by January.
Japan's household spending rose less than expected in July as consumers remained wary of loosening their purse strings in the face of higher prices.
BUSINESS / Economy
Sep 6, 2024
Japan’s household spending stays flat in signs of tepid growth
Spending on housing and education jumped from June figures, while outlays on transportation and food declined.
Hajime Takata, Bank of Japan's board member, says the bank needs to proceed with a further rate hike if inflation continues to develop.
BUSINESS / Economy
Sep 5, 2024
BOJ to need more hikes if justified by data, board member says
The remarks reinforce the recent message by Gov. Kazuo Ueda that the bank will continue to normalize its policies as conditions allow.
Real cash earnings for workers in Japan climbed 0.4% in July from a year earlier.
BUSINESS / Economy
Sep 5, 2024
Japan real wages unexpectedly rise, keeping BOJ on hike path
Real cash earnings for workers climbed 0.4% in July from a year earlier, the labor ministry has reported.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024
Yen calling the shots as BOJ mulls rate increase
Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
An electric stock board displays the rate of the yen against the U.S. dollar at the Tokyo Stock Exchange in early August.
BUSINESS / Markets
Aug 31, 2024
Yen’s rapid advance pressures earnings once thought easy to beat
With stronger signals coming from the Bank of Japan and Federal Reserve, the yen has gained 3.5% against the dollar since the end of July.
Despite the challenges, including sluggish consumption and market volatility, the Bank of Japan's recent policy adjustments reflect a strategy aimed at ensuring a stable path toward its inflation goals.
COMMENTARY / Japan
Aug 30, 2024
BOJ’s recent policy changes highlight a shift toward global monetary practices
The BOJ's approach is influenced by global financial regulations and aims to balance market stability with effective monetary policy.
Core consumer prices in Japan's capital rose 2.4% in August from a year earlier, accelerating for the fourth straight month and keeping alive market expectations of further interest rate hikes in coming months.
BUSINESS / Economy
Aug 30, 2024
Inflation accelerates beyond forecasts in Tokyo, boosting case for rate hike
Analysts say the data shows that the real economy and its fundamentals are continuing to recover but at a slow pace.
The Bank of Japan headquarters in Tokyo
BUSINESS
Aug 29, 2024
Japan raises view of economy for first time in 15 months
The Cabinet Office said in its August report that the economy is recovering at a moderate pace, and only parts of it are pausing.
Bank of Japan Gov. Kazuo Ueda "predictably unpredictable" actions and policy shifts highlight the need for improved communication, reflecting modern central banking practices.
COMMENTARY / Japan
Aug 28, 2024
How long can the BOJ get away with rate shocks?
The BOJ’s shifting policies and Kazuo Ueda’s unpredictable approach reflect the need for better alignment with modern central banking practices.

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?