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Tag: BOJ

Japan’s Nikkei says the next BOJ Governor will be tasked with normalizing policy

From Japan’s Nikkei in an article saying that: Japan’s government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda, people familiar with the matter said, The article adds: The next BOJ chief will be tasked with charting a path to normal monetary policy after the […]

BOJ Gov Kuroda says the Bank’s paper loss from bond holdings was 8.8tln yen at end-2022

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BOJ Dep Gov Wakatabe says absolutely no change in BOJ commitment to continue easing

Eamonn Sheridan Thursday, 02/02/2023 | 01:37 GMT-0 02/02/2023 | 01:37 GMT-0 Bank of Japan Deputy Governor Wakatabe BOJ will continue to conduct monetary policy to achieve 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases […]

“Key panel urges BOJ to make 2% inflation target long-term goal”

ICYMI, a Reuters report with further detail on the news from yesterday: Under strong political pressure to beat deflation, the BOJ signed a policy accord with the government in 2013 and committed to achieving 2% inflation “at the earliest date possible.” The Reuters report is here: Bank of Japan Governor Kuroda will be leaving the […]

USD/JPY bulls hesitate around mid-130.00s as upbeat Japan data tease BoJ hawks

USD/JPY struggles to extend week-start rebound amid strong statistics from Tokyo. Japan’s Unemployment Rate remains unchanged but Industrial Production, Retail Trade cross market forecasts in December. Mixed sentiment, hawkish concerns surrounding BoJ keeps Yen pair sellers hopeful. US CB Consumer Confidence, risk catalysts will be crucial ahead of the FOMC. USD/JPY grinds higher around 130.50 […]

BOJ Kuroda stresses need to maintain ultra-easy policy

TOKYO, Jan 30 (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Monday stressed the importance of maintaining ultra-loose monetary policy to support the economy and prod companies to raise wages.”Japan’s trend inflation is likely to gradually accelerate … but that will take some more time,” Kuroda told parliament.”Uncertainty regarding Japan’s economy is extremely high. […]

Japan PM says can’t rule out return of deflation despite price spike

TOKYO, Jan 27 (Reuters) – Japanese Prime Minister Fumio Kishida said on Friday that a return to deflation in the world’s third-largest economy cannot be ruled out, because domestic demand remains weak.The comment came hours after data showed Tokyo’s consumer inflation, a leading indicator of Japanese price trends, hit a 42-year high in January, keeping […]

Consumer inflation in Japan’s capital hits near 42-year high, keeps BOJ under pressure

Jan Tokyo core CPI rises 4.3% yr/yr vs f’cast +4.2%Tokyo core-core CPI up 3.0% yr/yr in JanuaryData highlights mounting inflationary pressureGovt fuel subsidies to moderate price gains from FebruaryTOKYO, Jan 27 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose 4.3% in January from a year earlier, marking the […]

USD/JPY keeps the red below 130.00, eyes US PCE Price Index for fresh impetus

USD/JPY meets with a fresh supply on Friday and is pressured by a combination of factors. Strong Tokyo inflation fuels speculations about a hawkish shift by the BoJ and lifts the JPY. The emergence of fresh USD selling contributes to the intraday slide ahead of the US PCE. The USD/JPY pair comes under some renewed […]