Japan's central bank keeps monetary policy steady, lifts growth forecast on receding global risks
The Bank of Japan on Tuesday kept monetary policy steady and nudged up its economic growth forecasts as the government's stimulus package and receding pessimism over the global outlook took some pressure off the central bank to alter course. The BOJ also signaled cautious optimism ...
BOJ kicks off two-day policy meeting, with no change in monetary policy likely
The Bank of Japan began a two-day policy meeting Monday and was widely expected to keep its ultraeasy monetary policy in place and upgrade its growth outlook for the next fiscal year. The central bank has been facing an uphill battle in hitting its 2 ...
BOJ downgrades assessments of three Japanese regions due to weakening overseas demand
The Bank of Japan on Wednesday downgraded its economic assessments of three out of the country's nine regions, citing slowing production due to weak demand from overseas. In its quarterly Sakura report, the BOJ revised down its views on Hokuriku and Tokai in central Japan, ...
Deepening negative rates would do more harm than good, says Bank of Japan ex-deputy
The Bank of Japan has nearly exhausted its policy ammunition for boosting the economy, as deepening negative interest rates — seen as the most likely step if it were to expand stimulus — will do more harm than good, former BOJ Deputy Gov. Toshiro ...
Abe and Bank of Japan's Kuroda apply more pressure on firms to raise wages
Prime Minister Shinzo Abe and Bank of Japan Gov. Haruhiko Kuroda piled pressure on the country's business leaders Thursday, urging them to lift wages to help boost the economy. For the seventh straight year, Abe told a year-end gathering of business lobby Keidanren he hoped ...
Bank of Japan debated monetary and fiscal policy mix as risks from ultralow rates grow
A few Bank of Japan board members said the central bank must work carefully with the government in dealing with the next economic downturn, minutes of the BOJ's October rate review showed Tuesday. The nine-member board also debated the demerits of prolonged monetary easing, with ...
Japan's inflation up 0.5% in November, as tax boosts cost of dining out
Core consumer prices rose 0.5 percent in November from a year earlier, affected by the consumption tax hike that increased the cost of dining out, but the pace of inflation remained far below the Bank of Japan's 2 percent target, government data showed Friday. The ...
Bank of Japan keeps policy steady after Abe announces fiscal package
BOJ officials see a sizable impact from Abe’s fiscal spending, which is expected to boost the economy by 0.35 percentage points, according to economists surveyed.
Fiscal policy must play key role in supporting Japan's economy, says ex-BOJ exec
Fiscal policy must play a key role in supporting the nation's economy if overseas risks threaten to derail a fragile recovery, as the central bank has little left in its policy tool kit, a former Bank of Japan executive said on Tuesday. Kazuo Momma, who ...
Bank of Japan's next move will be to dial back stimulus, most economists now say
The Bank of Japan's next move will be to dial back its massive stimulus, according to an increasing number of polled analysts, reflecting receding market expectations of imminent monetary easing by the central bank. But any such withdrawal of stimulus will begin in 2021 at ...
Economists predict Bank of Japan will stand pat this week after Abe stimulus
The Bank of Japan will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey. All 45 economists polled expect no action from the bank at the ...
Mood among Japan manufacturers gloomiest in nearly seven years as U.S.-China trade war bites
With the economy slowing, companies expect conditions to stay level or worsen next quarter, the Bank of Japan’s closely watched sentiment survey showed.
