Tag - boj

 
 

BOJ

The Bank of Japan's steady policy normalization process will probably start next year, with potentially a 25-basis-point rate increase every six months, a former policy board member says.
BUSINESS / Economy
Apr 4, 2024
BOJ will wait until October before hiking rates again, says ex-board member
Makoto Sakurai believes a steady policy normalization process may start next year, with potentially a 25-basis-point rate increase every six months.
The yen remains around the three-decade low in the ¥151 range against the dollar even after the Bank of Japan's interest rate hike.
BUSINESS / Markets
Apr 4, 2024
Why even the BOJ's historic rate hike has failed to revive the yen
Japan’s first interest rate hike in 17 years has failed to deliver the boost to the yen that policymakers had hoped for.
A seafood restaurant at Tsukiji Outer Market in Tokyo. In a proposal to the government's top economic council, the panel urged policy changes in the face of rising domestic prices and interest rates, as well as wage growth at a 30-year high as companies face job shortages.
BUSINESS / Economy
Apr 2, 2024
Japan panel calls for shift away from stimulus-driven economy
The panel urged policy changes amid rising domestic prices and interest rates, as well as wage growth at a 30-year high as companies face job shortages.
The Bank of Japan headquarters in Tokyo. While some BOJ watchers flag the risk the BOJ could move quickly to raise interest rates again, Tsutomu Watanabe, who was a potential governor candidate last year, says he doesn't think the move will come so soon.
BUSINESS / Economy
Apr 1, 2024
BOJ’s next hike likely in October at earliest, ex-official says
The views of Tsutomu Watanabe contrast with those of some BOJ watchers who flag the risk the BOJ could move quickly as the yen slumps near a 34-year low.
The Bank of Japan's tankan survey showed that large nonmanufacturers saw improvement in their sentiment with the index reaching the highest level since 1991, helped by a surge in inbound tourists.
BUSINESS / Economy
Apr 1, 2024
Japan service firms’ optimism tempered by softer factory sector
The deterioration in manufacturing sentiment partly reflects the impact from scandals among some vehicle producers.
Officials from the Finance Ministry, the Bank of Japan and the Financial Services Agency hold an emergency meeting over the yen at the ministry on Wednesday.
BUSINESS / Markets
Mar 29, 2024
Japan brought forward emergency yen meeting to maximize market impact, source says
Meeting like these are considered a sign Tokyo is moving closer to intervening in the currency market.
Prices excluding fresh food rose 2.4% in March in Tokyo, slowing slightly from 2.5% in February.
BUSINESS / Economy
Mar 29, 2024
Tokyo inflation slows but stays above BOJ target
Prices excluding fresh food rose 2.4% in March from a year before, slowing slightly from 2.5% in February.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Mar 28, 2024
BOJ summary hints at cautious approach to further rate increases
The summary indicates Gov. Kazuo Ueda and his fellow board members are in favor of taking a slow approach to rate hikes.
Signs of a decline in hedging demand suggest that local investors are less concerned the yen will rebound sharply.
BUSINESS / Economy
Mar 26, 2024
Lower hedging costs reveal Japan investors' confidence in weak yen bets
Three-month yen basis swaps, which indicate decreasing demand for hedging the more they rise, closed last week at their highest level since January 2022.
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024
Bonuses at Japan's global banks underwhelm despite booming markets
Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
BOJ Gov. Kazuo Ueda takes questions during a news conference. The bank's monetary policy overhaul announced last week was known by some Japanese media before it was made public.
COMMENTARY / Japan
Mar 25, 2024
The BOJ has sprung a leak. Japan must investigate.
The bank's policy of disclosing information selectively to certain media is harmful and needs to be looked into, as slip-ups in other countries show.
An electronic stock board in Tokyo on Thursday. Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
BUSINESS / Markets
Mar 23, 2024
Japan’s stock boom gets broader support than just exporters
Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
Hedge funds have been consistently short the yen since 2021, according to CFTC, with the trade remaining popular in recent months on expectations that the BOJ’s pursuit of policy normalization will nonetheless remain accommodative.
BUSINESS / Markets
Mar 23, 2024
Hedge funds boost bearish yen bets after BOJ’s dovish hike
The yen fell more than 1% against the dollar following the conclusion of the central bank’s meeting Tuesday, and is now set for a second weekly drop.
Shoppers in Tokyo on Tuesday
BUSINESS
Mar 22, 2024
Historic day for BOJ will take some time to be felt by people in Japan
With future rate hikes likely, the yen and mortgages could still see a more substantial impact.
People attend a seminar on the NISA tax-free investment program last November.
BUSINESS
Mar 21, 2024
Higher share prices lift Japan household assets to record at 2023 end
Japanese households had a record ¥2,141 trillion in assets at the end of 2023
Bank of Japan Gov. Kazuo Ueda speaks during a news conference on Tuesday after the central bank ended its ultra-aggressive monetary stimulus program and scrapped the world's last negative interest rate.
EDITORIALS
Mar 22, 2024
The BOJ's rate hike is both more and less than it seems
There are some fears that the BOJ's return to a positive interest rate environment threatens weak companies.
The Bank of Japan headquarters in Tokyo. More than a quarter of 47 economists surveyed by Bloomberg said the bank will raise the policy rate again in October while 23% said the hike will come in July.
BUSINESS / Economy
Mar 22, 2024
BOJ watchers see next rate hike by October and risk of faster moves
More than a quarter of 47 economists surveyed said the bank will raise the policy rate again in October, while 23% said the hike will come in July.
Consumer prices in Japan rose 2.8% in February from a year ago, with the pace speeding up from 2% in January, even though there have been pockets of weakness in consumer demand.
BUSINESS / Economy
Mar 22, 2024
Japan’s speedier inflation pace keeps BOJ’s next move in focus
Consumer prices excluding fresh food rose 2.8% in February from a year ago, with the pace speeding up from 2% in January.
The Bank of Japan's recent decision to abandon negative interest rates is seen more as a symbolic shift.
COMMENTARY
Mar 21, 2024
BOJ finally ditches negative rates, but this is no liftoff
It's the end of an era for the Bank of Japan as negative interest rates are phased out.
Bank of Japan Gov. Kazuo Ueda speaks to reporters after meeting with Prime Minister Fumio Kishida on Tuesday in Tokyo.
JAPAN / Politics
Mar 21, 2024
BOJ turns page on Abenomics, giving reeling Kishida election hope
The bank's aggressive monetary easing was one of the three pillars of the deflation-fighting program.

Longform

The Japanese government updated its English education guidelines in 2017 to emphasize communication over grammar and memorization. Public school teachers are incredibly busy, however, which means schools haven’t been able to implement changes uniformly. Private and alternative schools are attempting to remedy this.
The language of opportunity: Bilingual education is on the rise in Japan