Tag - boj

 
 

BOJ

A backdrop of a broadly soaring stock market and signs of long-awaited wage and price growth is drawing bets that the BOJ might back away from its ultraeasy policy settings as soon as its next meeting in a week's time.
BUSINESS / Markets
Mar 11, 2024
Bank of Japan skips ETF buying, stoking policy speculation
It was not clear why it did not buy the listed funds even as the Topix index slid 2% — a mark that generally draws a response.
Kazuo Ueda, governor of the Bank of Japan, speaks at a fintech summit in Tokyo on Tuesday.
BUSINESS
Mar 8, 2024
Bank of Japan leaning toward exiting negative rates in March
Many BOJ policymakers are closely watching the outcome of big firms' annual wage negotiations with unions on March 13.
Japan's economy stumbled into a recession in the October-December quarter last year on weak domestic demand, preliminary estimates have shown.
BUSINESS / Economy
Mar 8, 2024
Japan household spending logs biggest drop in 35 months in January
Household spending in January decreased by 6.3% from a year earlier and was down for the 11th straight month.
A representative from Honda's labor union submits a demand for spring negotiations to management last month in Tokyo.
BUSINESS / Economy
Mar 8, 2024
Japan Inc. set to offer bumper pay hikes, paving way for stimulus end
Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo in February.
BUSINESS
Mar 7, 2024
BOJ bets swing toward March rate hike
Bets on the March 18-19 meeting are gaining traction.
Junko Nakagawa, a member of the policy board at the Bank of Japan (BOJ), in Tokyo in January
BUSINESS / Economy
Mar 7, 2024
BOJ policymaker upbeat on stimulus exit amid encouraging wage news
"We can say that prospects for the economy to achieve a positive cycle of (rising) inflation and wages are in sight," said board member Junko Nakagawa.
The Bank of Japan in January. The BOJ is monitoring wage trends closely for signs of a virtuous cycle linking higher pay with demand-led price gains.
BUSINESS / Economy
Mar 7, 2024
Japan wage growth beat forecasts in January, in fastest rise since June
The data comes as annual wage negotiations between firms and unions are reaching their climax, with the first results expected next week.
Bank of Japan Gov. Kazuo Ueda speaks at a forum in Tokyo on Tuesday. Tackling a bloated balance sheet is set to be a challenging hurdle for the central bank.
BUSINESS / Markets
Mar 6, 2024
Normalizing Bank of Japan's balance sheet will take nine years, says ex-official
Failing to issue guidance on the planned normalization could lead to high market volatility in yields, former Executive Director Kenzo Yamamoto warns.
Mitsubishi UFJ Financial Group said it is already managing to enhance its tolerance to an anticipated rise in yen interest rates.
BUSINESS / Markets
Mar 6, 2024
Japan’s biggest bank readies for BOJ shift on rate policy within weeks
Hiroyuki Seki, head of global markets business at Mitsubishi UFJ Financial Group, predicts that the BOJ will raise rates not once but twice by October.
Economy minister Yoshitaka Shindo said the government was currently not thinking about calling an end to deflation.
BUSINESS / Economy
Mar 5, 2024
Japan ministers deny report government thinking of calling end to deflation
Policymakers are focused on ensuring the economy doesn't revert to a protracted period of falling prices, they said.
The pickup in consumer prices largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
BUSINESS / Economy
Mar 5, 2024
Tokyo prices heat up again, supporting case for BOJ rate hike
Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%.
An electronic board shows the rate of the yen versus the U.S. dollar in Tokyo on Feb. 26.
BUSINESS / Markets
Mar 2, 2024
Yen’s carry-trade reign in flux as BOJ hints at policy shift
As speculation builds that the BOJ will change its path, so does the potential for the yen to strengthen.
A retail shopping area in Tokyo in February. A recent bout of inflation appears to have cleared the way for Japan to officially end its war on deflation.
BUSINESS / Economy
Mar 2, 2024
Japanese government may declare official end to deflation
A recent bout of inflation appears to have cleared the way for Japan to officially end its war on deflation.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo on Thursday.
BUSINESS / Economy
Mar 1, 2024
BOJ governor says price target not already in sight
Kazuo Ueda played down the significance of Japan’s slide back into a technical recession.
What is the BOJ hoping to achieve through tighter policy? The bank's governor, Kazuo Ueda, dissented in 2000, arguing then a hike was premature — and he was right. Why the change now.
COMMENTARY / Japan
Feb 29, 2024
Selling a rate hike during recession is tough. Good luck, Ueda.
What sounded like a statement of the obvious by Bank of Japan Gov. Kazuo Ueda last week — that a country where prices are rising by 2% is, in fact, experiencing inflation — has more to it than meets the eye.
Masato Kanda, vice finance minister for international affairs (right), and Bank of Japan Gov. Kazuo Ueda (center) attend a G20 meeting of finance ministers and central bankers in Sao Paulo on Wednesday.
BUSINESS / Markets
Feb 29, 2024
Japan issues fresh warning against excessive yen moves
The warning by Masato Kanda, Japan's vice finance minister for international affairs, likely reflects Tokyo's desire to prevent further falls in the yen.
The Bank of Japan is facing hardly any signs of opposition to scrapping its negative interest rate as the strongest price growth in decades weighs on households and businesses.
BUSINESS / Economy
Feb 28, 2024
BOJ should make straightforward policy shift, top finance professor says
Exiting policy should be like business as usual, said Hiroshi Yoshikawa, professor emeritus at the University of Tokyo and a friend of BOJ Gov. Kazuo Ueda.
Japan's consumer price index for January rose 2% from a year ago, topping estimates to support the Bank of Japan's move to end its negative interest rate policy.
BUSINESS / Economy
Feb 27, 2024
January inflation topped forecasts, data shows, supporting BOJ policy shift
Consumer prices excluding fresh food rose 2% from a year ago, while prices of processed food gained 5.9% and prices for lodging increased by 27%.
The International Monetary Fund headquarters in Washington. The IMF sees downside risks in the Japanese economy, which unexpectedly slipped into a recession at the end of last year.
BUSINESS / Economy
Feb 23, 2024
IMF sees downside risks for Japan in 2024
Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany.
Japan's exports rose to a record high in January, lifted by robust shipments of cars and chipmaking equipment, marking the second straight month of growth despite concerns about slowing global demand.
BUSINESS / Economy
Feb 21, 2024
Export growth beats forecasts, adding to momentum for BOJ policy shift
Gains in exports are a positive sign after the economy unexpectedly fell into recession in the last quarter of 2023 due to stagnant domestic spending.

Longform

Things may look perfect to the outside world, but today's mom is fine with some imperfection at home.
How 'Reiwa moms' are reshaping motherhood in Japan