Ex-BOJ gov Shirakawa urges re-examination of monetary framework, inflation targets
TOKYO, March 2 (Reuters) – Former Bank of Japan (BOJ) Governor Masaaki Shirakawa called on policymakers to reconsider central banks’ monetary framework based on inflation targets, given their limits that became apparent from the recent spike in prices seen in many countries.Before the recent spike in inflation, many central banks in advanced economies were “overwhelmingly” […]
BIS urges central banks to ‘get the job done’
LONDON, Feb 27 (Reuters) – Central banks need to “get the job done” when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970’s by declaring victory too early.The BIS, dubbed the bank for central banks, said it was vital authorities […]
HSBC says BOJ to widen Yield Curve Control (YCC) range in H1, USD/JPY lower in 2023
HSBC’s Bank of Japan outlook, in brief from a note. HSBC target H1 2023 for the Yield Curve Control (YCC) range to expand once more, but say they can’t pinpoint the exact date. On the yen, HSBC note other likely domestic developments that could cause USD/JPY to fall this year. Including: resident investors FX-hedging their […]
USD/JPY Hits Fresh 3-Week High on Speculation of New BoJ Governor
USD/JPY PRICES, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 2023 Yen Forecast Most Read: US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD? USD/JPY FUNDAMENTAL BACKDROP USD/JPY hit a fresh 3-week high in the Asian session trading above the 132.00 handle. The European open has […]
Japanese yen slides as report pegs Amamiya as BOJ governor By Investing.com
© Reuters. By Ambar Warrick Investing.com– The Japanese yen fell to an over three-week low against the dollar on Monday after a report said that Bank of Japan Deputy Governor Masayoshi Amamiya, who is a proponent of ultra-loose monetary policy- will take over as the bank’s governor. The that government sources said Amamiya was in consideration […]
ForexLive Asia-Pacific FX news wrap: USD/JPY wild ride on new BOJ Governor trial balloon
Powerful Turkey earthquake – Turkish Government requests International Aid BOJ’s Kuroda: CPI sustainable at 2%, accompanied by wage growth, has not yet been achieved BOJ Kuroda says will seek to hit 2% inflation in a stable & sustainable manner Goldman Sachs raise their target for the S&P500 to 4000 in 3 months (from 3600 prior) […]
Japan senior official says no truth that Amamiya sounded out for BOJ Gov position
more to come Japan deputy chief cabinet secretary Isozaki statement: No truth to reports BOJ Read this Term deputy gov Amamiya sounded out for the next BOJ governor job ICYMI, this from earlier: Speculation regarding BOJ Dep Gov Amamiya being approached to become the new gov. once Kuroda’s term expires on April 8: USD/JPY down […]
Heads up for BOJ Governor Kuroda to appear in parliament today from 0050GMT (8.50pm US ET)
Bank of Japan Governor Kuroda will testify before the Japanese Diet today from 10.50am Tokyo time. ICYMI there has been speculation regarding one of his deputies being approached to become the new gov. once Kuroda’s term expires on April 8: Kuroda and Amamiya. USD/JPY, meanwhile, has dipped towards 131.50 from highs around a hunger points […]
Japan finance minister Suzuki says he hasn’t heard anything on BOJ Gov nominations yet
Suzuki is aware of the report in the Nikkei and the response of the yen, lower in very early Asian Monday: USD/JPY above 132 in early Monday Asia trade, 06 February 2023 – chart Japan’s Nikkei carried the report saying that Japan’s government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible […]
Japan sounds out BoJ deputy Amamiya for central bank governor
The Nikkei reported that Japan’s government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda while Tokyo prepares for the first change of leadership at the BOJ in a decade. ”Government and ruling coalition officials said the subject had been discussed with Amamiya. The 67-year-old career central […]