Kuroda's negative interest rates shock as BOJ heralds return to currency war
The yen dropped the most in more than a year after Bank of Japan Gov. Haruhiko Kuroda unexpectedly adopted negative interest rates, risking another round of competitive devaluations. The currency fell against all 16 of its major peers after the central bank voted 5-4 to ...
In shocking move, Japan adopts negative interest rate as deflation fight falters
Taking a page from Europe’s playbook, the Bank of Japan surprises markets by introducing a negative interest rate to sustain its attack on deflation.
What negative rates mean for Japan's savers and borrowers
The Bank of Japan stunned financial markets by adopting an unprecedented negative interest rate on Friday, and as the news sank in analysts began to digest the risks and possible benefits of the move. With the move, the BOJ will charge banks 0.1 percent annually ...
The Fed's risk to emerging economies
While the Fed's rate hike, prudently accompanied by an emphasis on small and gradual steps, may not turn out to be a trigger, the concerns about the knock-on effects are legitimate.
Kuroda effect seen as homebuyers choose fixed-rate mortgages
Homebuyers are starting to bet that the unprecedented monetary easing of Bank of Japan Gov. Haruhiko Kuroda will cause interest rates to rise, even as inflation stagnates well below the official 2 percent inflation target. Sixty-one percent of new home loans had a fixed interest ...
U.S. stock indexes plunged almost 4 percent on Monday as investors, rattled about China's economy, sold heavily in an unusually volatile session that confirmed the benchmark S&P 500 was formally in a correction. The Dow Jones industrial average briefly slumped more than 1,000 points — ...
The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. "Clearly most participants are anticipating that a rate increase this year will ...
U.S. stocks rose in a broad rally on Thursday, bouncing back from two straight days of losses, helped by a weaker dollar and a rally in banking shares. A weak outlook from Intel, however, limited gains in the tech sector. Retail sales unexpectedly dropped for a ...
The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday's upbeat data underscored the resilience of the economy and some analysts said ...
U.S. Fed begins policy meeting, likely to end asset-buying stimulus
The U.S. Federal Reserve began its two-day policy meeting Tuesday with speculation that the central bank is likely to end the asset purchase stimulus on the back of the improvement in labor market. The Federal Open Market Committee, the Fed's policy-setting panel, including Fed chief ...
Fed renews zero rate pledge but hints at steeper hike path later
The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. Many economists and traders had expected the U.S. central bank to alter ...
LDP mulls reversal on consumer lending; interest rates would soar to 29%
The ruling Liberal Democratic Party may loosen restrictions imposed to block usury and coercive lending in the consumer finance industry.
