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BOJ¥

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.
Analysts say further rate hikes by the Bank of Japan could prompt the downfall of "zombie" firms in the face of higher borrowing costs, but that the current labor shortage could help offset some of the adverse impacts of possible insolvencies.
BUSINESS / Companies
Mar 20, 2024
BOJ rate hike may spell end for Japan's unprofitable 'zombie' firms
The COVID-19 pandemic, in particular, pushed up the number of such firms that are barely surviving while struggling to cover debt-serving costs.
The Bank of Japan headquarters in Tokyo. A survey by Bloomberg indicates a majority of analysts surveyed doesn’t expect another rate hike as a base case, but plenty of others are warning that the BOJ may not be finished.
BUSINESS / Economy
Mar 20, 2024
Investors and economists split on whether BOJ will raise rates again
By moving in March instead of the consensus view of April, Gov. Kazuo Ueda secured space to raise borrowing costs again if data supports the case.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024
How the Bank of Japan's plan for a smooth stimulus exit unfolded
The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.
The Bank of Japan headquarters in Tokyo
BUSINESS / Companies
Mar 19, 2024
Japanese business groups welcome BOJ's first rate hike in 17 years
"I think the BOJ has caught the indications that a virtuous cycle between wages and prices has started," Keidanren Chairman Masakazu Tokura said.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at the bank's headquarters in Tokyo on Tuesday.
BUSINESS
Mar 19, 2024
BOJ introduces first rate hike in 17 years following pay gains
The negative rates policy, the last one in the world, had been a symbol of the Bank of Japan's ultraloose monetary stimulus lasting over a decade.
Japan's core machinery orders fell 1.7% in January from the previous month.
BUSINESS / Economy
Mar 18, 2024
Japan core machinery orders fall more than expected
Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the six to nine months ahead, fell 1.7% in January.
The Bank of Japan will decide whether to end its negative interest rate policy at its policy board meeting, which ends on Tuesday.
BUSINESS / Economy
Mar 18, 2024
BOJ’s Ueda faces decision time on rate hike
With the end of Japan's negative rate being a near certainty, the only question that remains is whether it comes on Tuesday or at the end of April.
Keidanren chief Masakazu Tokura addresses the Liberal Democratic Party's annual convention in Tokyo on Sunday.
BUSINESS / Economy
Mar 17, 2024
Japan business lobby chief hopes for government efforts to end deflation
The BOJ may end negative interest rates at its two-day monetary policy meeting through Tuesday, in what could be the first hike in 17 years.
Call loan brokers at Tokyo Tanshi in Tokyo in November. After decades of setting its benchmark rate near zero, the Bank of Japan is poised to tighten, spurring new opportunities for veteran traders after decades of setting its benchmark rate near zero.
BUSINESS / Markets
Mar 17, 2024
Japan’s $4 trillion offshore funds will ignore first BOJ hike
Only 40% of 273 respondents said the BOJ's first interest-rate hike since 2007 will prompt investors to sell foreign assets and repatriate the proceeds.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy
Mar 15, 2024
BOJ to end negative interest rates at next week's meeting, sources say
The move would be the first rate hike by the central bank in 17 years.
Investors will be heaping ever more scrutiny on Japanese assets, with negative rates potentially relegated to history.
BUSINESS / Markets
Mar 15, 2024
BlackRock and Man Group reveal big Japan bets before BOJ decision
Snap up more Japanese stocks and keep buying the yen — these are some of the most popular calls from big-name money managers.
Results of spring wage negotiations are written on a board at an office of the Japan Council of Metalworkers' Unions in Tokyo's Chuo Ward on Wednesday.
BUSINESS / Economy
Mar 13, 2024
Major Japanese firms offering solid pay hikes for second year running
Several companies met or even exceeded labor union demands, raising the possibility the Bank of Japan will adjust monetary policy soon.
Some 38% of Bank of Japan watchers in a survey believe the central bank will end its negative rates next week.
BUSINESS / Economy
Mar 12, 2024
Half of BOJ watchers still see April rate hike while bets on March move jump
The proportion of 50 economists forecasting an end to the world’s last negative rate in April slipped to 54% in the latest survey from 59% in January.
Bank of Japan Gov. Kazuo Ueda said consumption was weakening for food and daily necessities amid higher prices.
BUSINESS / Economy
Mar 12, 2024
BOJ chief Kazuo Ueda slightly tones down optimism on economy
Speaking in parliament on Tuesday, Bank of Japan Gov. Kazuo Ueda said consumption was weakening for food and daily necessities amid higher prices.
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.

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