BOJ's September meeting to be watched closely for new easing
The next policy-setting meeting of the Bank of Japan, set to be held from Sept. 18 to 19, is the subject of heightened attention as observers anticipate fresh monetary-easing after the yen's recent spike against other major currencies. The yen's appreciation, which has been attributed ...
This is how a negative rate policy works and its potential pitfalls: Why have some central banks adopted negative rates? To battle the global financial crisis accelerated by the collapse of Lehman Brothers in 2008, many central banks cut interest rates to near zero. A decade ...
Going negative? As trade war rages, central banks ponder radical steps
The negative interest rate policy — an unconventional gambit once only considered by economies with chronically low inflation, such as Europe and Japan — is becoming a more attractive option for other central banks eager to counter unwelcome currency rises. In Asia, central banks in ...
Bank of Japan chief Kuroda's pain threshold put to test as yen rallies and yields slump
Global financial turmoil is turning up the heat on the Bank of Japan, raising the question of how much pain it can take before it is forced to act. The BOJ faces two market-driven problems as the U.S.-China trade war escalates — a strengthening yen ...
Household spending rose for the seventh straight month in June amid signs that resilient consumer activity could help counter the effects of weak global demand, although the consumption outlook was clouded by softer wages. The Bank of Japan is hopeful that a pickup in private ...
Bank of Japan deputy chief signals further easing steps after Fed cuts rates
Bank of Japan Deputy Gov. Masayoshi Amamiya said Thursday the central bank is prepared to take additional monetary easing measures as a precaution, if necessary, after the U.S. Federal Reserve cut its interest rates the previous day. The U.S. central bank on Wednesday lowered the ...
Bank of Japan may enhance commitment to ultralow rates to prevent yen surge
The Bank of Japan began a two-day policy meeting Monday amid market expectations that it will strengthen its commitment to keeping interest rates ultralow to prevent a surge in the yen following a potential rate cut in the United States later this week. But some ...
It's not just banks that are feeling the squeeze from the Bank of Japan's negative interest rates, their employees are too. The latest data compiled by Tokyo Shoko Research, a private firm, shows that average wages in the construction industry are now 16 percent higher ...
Core inflation hits two-year low in Japan, fueling stimulus calls
Falling energy prices and the bruising U.S.-China trade war are putting pressure on the BOJ — and the Fed — to act.
Does Japan's experience vindicate MMT?
Japan's experience doesn't prove that Modern Monetary Theory works, as some have argued. But increasing deficit-financed spending, in Japan and elsewhere, may still have merit, despite inflationary risks.
BOJ deputy governor says central bank ready to increase stimulus, and all options are on table
Bank of Japan Deputy Gov. Masayoshi Amamiya on Friday said the central bank is ready to ramp up stimulus and will consider all policy options, including deepening negative interest rates, if the loss of economic momentum hurts its efforts to boost inflation. Amamiya said the ...
