Bank of Japan sees deeper pain, even after COVID-19 emergency easing
The coronavirus pandemic could plunge Japan into deep economic stagnation, the country's central bankers warned at last week's emergency monetary policy meeting, with one seeing room for more stimulus, a summary of their discussion showed Wednesday. The Bank of Japan expanded monetary stimulus in an ...
Bank of Japan sees deeper economic pain, even after emergency easing
The coronavirus pandemic could plunge Japan into deep economic stagnation, the country's central bankers warned at last week's emergency monetary policy meeting, with one seeing room for more stimulus, a summary of their discussion showed Wednesday. The Bank of Japan expanded monetary stimulus in an ...
Central banks take further steps to boost U.S. dollar liquidity
Six central banks, including the U.S. Federal Reserve and the Bank of Japan, announced on Friday coordinated action to further boost U.S. dollar liquidity amid concerns over the economic impact of the coronavirus pandemic. The Fed said in a statement that it will increase the ...
The Bank of Japan carried out an emergency market operation on Thursday, purchasing ¥1.3 trillion ($12 billion) of government bonds in a bid to curb rising long-term yields. The central bank said the operation was aimed at stabilizing the debt market given its recent volatility. The ...
Japan household assets hit record ¥1.9 quadrillion at end of year
Financial assets held by households rose 3.3 percent from a year earlier to a record ¥1.90 quadrillion ($18 trillion) at the end of December due largely to higher stock prices at the time, the Bank of Japan said Wednesday. The figure marked a year-on-year gain ...
Hitachi exec Toyoaki Nakamura nominated for Bank of Japan board
The government on Tuesday nominated Toyoaki Nakamura, an executive at Hitachi Ltd., to join the Bank of Japan's nine-member Policy Board. Nakamura, 67, would replace Yukitoshi Funo, a former executive of Toyota Motor Corp. who has consistently voted with the majority and holds a neutral ...
BOJ ramps up risky asset buying as central banks fight coronavirus fallout
Gov. Haruhiko Kuroda pledges after emergency meeting to ‘aggressively’ double purchases of risky assets.
Japan's economic policymakers now factoring in Olympics cancellation, sources say
Even as Japan has stressed that the Olympics will proceed as planned, government and central bank officials are more seriously weighing the risk of cancellation when making projections for this year's economic outlook, sources said. The Bank of Japan is expected to loosen monetary policy ...
Bank of Japan to downgrade economic view next week, sources say
The Bank of Japan is considering downgrading its assessment of the country's economy at its upcoming policy meeting next week in view of the deepening economic impact of the globally spreading new coronavirus, according to sources close to the matter. The BOJ is expected to ...
Bank of Japan looks to boost stocks with additional stimulus as virus roils markets
The Bank of Japan is considering extending further support to the stock market, which has suffered major sell-offs amid the coronavirus outbreak, according to sources close to the matter. The central bank is planning to increase its purchases of exchange-traded funds by lifting the annual ...
Bank of Japan prodded to act as COVID-19 spreads, but options limited
Many smaller companies in the tourism, retail and other services sectors have encountered bankruptcy risks as the epidemic disrupts supply chains.
Follow the Fed? Why central banks won't be rushed on COVID-19 response
Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They're certainly going to try. No major central bank has yet matched the Fed's emergency rate cut in response to the coronavirus outbreak, and there is mounting evidence that its counterparts ...
