Wednesday’s other central bank meeting might be the one to watch
5 months, 2 weeks ago

Wednesday’s other central bank meeting might be the one to watch

Live Mint  

All eyes will rightly be on the Federal Reserve’s interest-rate decision Wednesday. There is a 41% probability that the Bank of Japan could raise rates by 0.15 percentage point, inferred from pricing of overnight indexed swaps, according to Bank of America. At the meeting this Wednesday, the Bank of Japan is also expected to outline plans to unwind its portfolio of $3.8 trillion in Japanese government bonds, likely giving a further boost to long-term rates. Japan’s 10-year government bond yields have gone up 0.44 percentage point to around 1.06% this year as investors expected higher rates. The Bank of Japan will likely be more cautious going in the opposite direction: A sharply higher yen could be punishing to exporters, and policymakers in Japan live in perpetual fear of returning to deflation.

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History of this topic

Why global bond markets are convulsing
2 days, 14 hours ago

Why global bond markets are convulsing

Live Mint  

Almost everywhere, government-bond yields are rising fast. In a world where consumer prices are rising quickly, investors demand higher bond yields both because they expect central banks’ policy rates to stay higher for longer, and to compensate for the anticipated erosion of the principal’s purchasing power. Across theG10 nominal wages are still increasing at 4.5% a year, which is probably …

Dollar gains broadly, slips against yen as interest-rate policy in focus
2 weeks, 2 days ago

Dollar gains broadly, slips against yen as interest-rate policy in focus

Live Mint  

-The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows against the greenback as traders continued to digest the likelihood that the Federal Reserve will make fewer rate cuts next year. Some analysts see the yen as likely to benefit next year from expected Bank of Japan interest-rate hikes while …

Dollar reigns with the support of higher yields
2 weeks, 2 days ago

Dollar reigns with the support of higher yields

Live Mint  

SINGAPORE, Dec 30 - The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges. "Despite paid forecasters almost universally calling for a weaker U.S. dollar in 2024, the greenback looks set to close the year higher against all major currencies with the buck …

Tokyo Inflation Accelerates, Supporting Case for BOJ Rate Hike
2 weeks, 5 days ago

Tokyo Inflation Accelerates, Supporting Case for BOJ Rate Hike

Live Mint  

-- Inflation in Tokyo accelerated for a second month in December while the labor market remained tight, results that largely keep the Bank of Japan on track for an interest rate hike next year. While the figures suggest extreme stimulus from the central bank isn’t needed by the economy to continue its expansion, none of the data indicates a pressing …

Yen-Hedged US Bond Yields Are Positive for First Time Since 2022
3 weeks, 1 day ago

Yen-Hedged US Bond Yields Are Positive for First Time Since 2022

Live Mint  

Currency-hedged Treasury yields for Japanese investors have risen above zero for the first time in more than two years as the Federal Reserve cut interest rates. “Positive hedged yields increase investment appeal for US bonds,” said Eiichiro Miura, head of the strategic investment department at Nissay Asset Management Corp. in Tokyo. “The Japanese inflows into US bonds were probably driven …

England, Japan hold interest rates steady even as US, Europe cut back: What explains the differences?
3 weeks, 6 days ago

England, Japan hold interest rates steady even as US, Europe cut back: What explains the differences?

Firstpost  

After aggressive rate hikes in 2022 and early 2023 to combat surging inflation fueled by energy and food costs, central banks are increasingly turning their attention to rate cuts to support growth Several central banks the world over have announced interest rate decisions in the past two weeks. Bank of England holds steady amid rising UK inflation The Bank of …

JGB yields rise as weak yen drives bets for BOJ rate hike
4 weeks, 1 day ago

JGB yields rise as weak yen drives bets for BOJ rate hike

Live Mint  

TOKYO, Dec 17 - Japanese government bond yields rose on Tuesday, as a weaker yen drove bets that the Bank of Japan may increase interest rates at its policy meeting this week. The two-year JGB yield rose 1 basis point to 0.59% and the five-year yield rose 1.5 bps to 0.730%. "The yields rose because expectations that the BOJ may …

Over 90% of market players expect BOJ to keep rates steady this week, survey shows
4 weeks, 1 day ago

Over 90% of market players expect BOJ to keep rates steady this week, survey shows

Live Mint  

TOKYO, - Over 90% of market participants expect the Bank of Japan to keep interest rates steady at this week's policy meeting, a survey by money market brokerage Ueda Yagi Tanshi showed on Tuesday. Of the total, 91% said they expect the central bank to keep short-term interest rates unchanged at 0.25% this week. Sources have told Reuters the BOJ …

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Trending News
1 month, 2 weeks ago

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Live Mint  

By Stella Qiu SYDNEY - Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. "We note that the acceleration in inflation, combined with the solid recovery in monthly activity, increases the odds of another BoJ …

year bond yield tracks US Treasury peers’ declines
1 month, 3 weeks ago

year bond yield tracks US Treasury peers’ declines

Live Mint  

TOKYO, - Japan's 10-year government bond yield slipped on Monday, tracking U.S. Treasury bond yield declines following the selection of fund manager Scott Bessent as the next U.S. Treasury secretary. Japan's 10-year bond yield last week hit a four-month high of 1.095% on expectations for the Bank of Japan's rate increase in the near future. "The market still braces for …

Yokohama Bank Weighs Japan Bond Comeback With More Rate Hikes to Come
2 months, 1 week ago

Yokohama Bank Weighs Japan Bond Comeback With More Rate Hikes to Come

Live Mint  

One of Japan’s biggest regional banks is keen to resume buying the nation’s bonds as interest rates creep higher, adding to a growing line of financial institutions that are weighing a return to local debt after years of investing abroad. “When yields rise, Japanese government bonds will definitely become the mainstay of our portfolio,” said Tomoki Arai, head of markets …

Stock market today: Asian shares are mixed and the yen slips against the dollar
3 months, 1 week ago

Stock market today: Asian shares are mixed and the yen slips against the dollar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The meeting between Ishiba and …

Japan's central bank survey underpins optimism about growth
3 months, 2 weeks ago

Japan's central bank survey underpins optimism about growth

Hindustan Times  

TOKYO — Business sentiment among Japan’s large manufacturers stood unchanged in the latest quarter from the previous quarter, according to a closely watched survey called “tankan” released Tuesday. Japan's central bank survey underpins optimism about growth The Bank of Japan survey put the benchmark index at plus-13 for the July-September quarter, the same from the previous survey conducted for April-June. …

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
4 months, 3 weeks ago

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers

Live Mint  

The yen outperformed most of its peers in the Group of 10 Monday, rallying against the dollar in jittery trading ahead of key central bank events later in the week. The rally came amid broad weakness in the dollar, with investors on edge before Bank of Japan Governor Kazuo Ueda appears in parliament on Friday, and Federal Reserve Chair Jerome …

Japan stocks lift Asian market higher after US retail data boost Wall Street
4 months, 4 weeks ago

Japan stocks lift Asian market higher after US retail data boost Wall Street

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation
5 months, 2 weeks ago

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan’s central bank has hiked …

Bank of Japan raises its key interest rate, aiming to curb yen’s slide against the dollar
5 months, 2 weeks ago

Bank of Japan raises its key interest rate, aiming to curb yen’s slide against the dollar

Associated Press  

TOKYO — The Bank of Japan raised its key interest rate Wednesday to about 0.25% from a range of zero to about 0.1%, acting to curb the yen’s slide against the U.S. dollar. Japan’s central bank has kept interest rates near or below zero for nearly a decade, seeking to spur inflation in what has been a deflationary economy, hoping …

S&P 500 notches best day in 5 months as tech rebounds and rate cuts come into view
5 months, 2 weeks ago

S&P 500 notches best day in 5 months as tech rebounds and rate cuts come into view

LA Times  

A TV screen on the floor of the New York Stock Exchange reports the Federal Reserve’s interest rate decision Wednesday. Big technology stocks bounced back Wednesday and drove a rally for U.S. indexes, as Wall Street grew even more convinced that long-sought cuts to interest rates will be arriving soon. The widespread gains came as Treasury yields eased in the …

Bank of Japan to outline bond taper plan, debate rate hike timing
5 months, 2 weeks ago

Bank of Japan to outline bond taper plan, debate rate hike timing

Live Mint  

* BOJ concludes 2-day meeting, decision expected 0300-0430 GMT * Board to debate rate hike timing, July move likely close call * BOJ seen halving bond buying in 1.5-2 years' time in QT plan * Governor Ueda likely to brief media 0630 GMT By Leika Kihara TOKYO, - The Bank of Japan is expected to detail plans to taper its …

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
5 months, 4 weeks ago

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Associated Press  

Asian stocks were mostly lower Wednesday even as investors wagered that the Federal Reserve will come ahead with a cut to interest rates, while Australia’s benchmark hit a new record. The Dow Jones Industrial Average leaped 1.9% to 40,954.48, and the Nasdaq composite lagged with a gain of 0.2% to 18,509.34, as the stars dimmed for some of the year’s …

Bank of Japan to cut buying govt bonds
6 months, 4 weeks ago

Bank of Japan to cut buying govt bonds

China Daily  

Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024. The Bank of Japan's recent announcement that it will reduce the scale of its long-term government bond purchases while leaving short-term interest rates unchanged is seen as a move toward monetary policy normalization by experts, who said it could alleviate some of the pressure on the …

Bank of Japan to scale down huge bond-buying programme
7 months ago

Bank of Japan to scale down huge bond-buying programme

New Indian Express  

TOKYO: The Bank of Japan on Friday said it would trim its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy. The central bank kept interest rates unchanged after a two-day meeting but announced plans to "reduce its purchase amount of JGBs thereafter to ensure that long-term interest rates would be formed more …

Interest rates are likely headed down, at least in Europe
7 months, 1 week ago

Interest rates are likely headed down, at least in Europe

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank plans …

Japan Post Goes Slow in Buying Longest Bonds After BOJ Rate Hike
7 months, 1 week ago

Japan Post Goes Slow in Buying Longest Bonds After BOJ Rate Hike

Live Mint  

Japan Post Insurance Co. is holding off from buying most domestic super-long bonds, due to concern that the central bank’s reduction of debt purchases may weigh on the market. “Yields on super-long-term bonds have risen to attractive levels,” said Hiroyuki Nomura, senior general manager of Japan Post’s investment planning department. A lack of clarity about the BOJ’s plan to reduce …

Japan’s economy shrank more than expected in the first quarter
7 months, 4 weeks ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against …

Japan is wrong to try to prop up the yen
8 months, 1 week ago

Japan is wrong to try to prop up the yen

Hindustan Times  

It is easy for investors to lose a fortune in the financial markets—and even easier for governments. In 2022 Japan spent more than $60bn of its foreign-exchange reserves defending the yen, its first intervention to strengthen the currency since 1998, after the exchange rate fell to nearly ¥146 to the dollar. Higher rates abroad make profitable a “carry trade”, whereby …

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years
9 months, 3 weeks ago

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years
9 months, 3 weeks ago

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

Associated Press  

TOKYO — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, “have fulfilled their roles,” Bank of Japan Gov. The ultra-lax …

Japan exits world's last negative-rate regime in landmark policy shift
9 months, 3 weeks ago

Japan exits world's last negative-rate regime in landmark policy shift

Hindustan Times  

Bank of Japan Governor Kazuo Ueda proposed ending negative interest rates as chair of the policy-setting board, public broadcaster NHK reported as per news agency Reuters marking a historic shift. The move could be Japan's first interest rate hike in 17 years but will still keep interest rates stuck around zero amid fragile economic recovery. Japan's central bank was widely …

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years
9 months, 4 weeks ago

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

Associated Press  

BANGKOK — Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy. It said that wage increases and other indicators suggested that inflation had stabilized above the BOJ’s 2% target, but noted “extremely high uncertainties,” including weakness in industrial production, exports, housing …

In Japan, interest rate increases herald a new era for financial markets
10 months ago

In Japan, interest rate increases herald a new era for financial markets

The Hindu  

Barely weeks after Japanese stocks broke three-decade highs, the country’s financial markets are hurtling toward another phenomenon not seen for the best part of a generation: rising interest rates. “I personally think this is going to be the beginning of a new era,” said Keita Matsumoto, head of financial institutions sales and solutions at Citigroup Global Markets Japan. “Markets still …

Japan’s central bank keeps its negative interest rate unchanged, says it’s watching wage trends
1 year ago

Japan’s central bank keeps its negative interest rate unchanged, says it’s watching wage trends

Associated Press  

BANGKOK — The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The central bank’s policy statement said that housing investment remained weak and government spending was flat. “With extremely high uncertainties surrounding economies and financial markets at home and abroad, the …

Stock market today: Asian shares are mixed. Japan’s central bank keeps its monetary policy unchanged
1 year ago

Stock market today: Asian shares are mixed. Japan’s central bank keeps its monetary policy unchanged

Associated Press  

BANGKOK — Asian shares were mixed Tuesday after a seven-week winning streak on Wall Street cooled. Tokyo’s Nikkei 225 index gained 0.9% to 33,063.00 after the Bank of Japan kept its ultra-lax monetary policy unchanged, as expected. The broader market surged last week and added to solid December gains after the Federal Reserve signaled that inflation may have cooled enough …

Pressure mounts on Japan as Yen weakens amid US interest rate hike expectations
1 year, 3 months ago

Pressure mounts on Japan as Yen weakens amid US interest rate hike expectations

Live Mint  

Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as investors eye prospects of higher-for-longer US interest rates while the Bank of Japan remains wedded to its super low interest rate policy. With the dollar having breached the psychologically important 150-yen level, many market players see 151.94 yen, where Japan last intervened, as the next …

Bank of Japan holds interest rates, makes yield control policy more flexible
1 year, 5 months ago

Bank of Japan holds interest rates, makes yield control policy more flexible

Live Mint  

The Bank of Japan kept its short-term interest rate target unchanged at -0.1% on Friday but also took steps to make its yield curve control policy more flexible. The central bank maintained guidance allowing the 10-year yield to move 0.5% around the 0% target, but said those would now be "references" rather than "rigid limits", Reuters reported. Meanwhile, earlier this …

Japan’s central bank retains key interest rate while fine-tuning bond purchases for more flexibility
1 year, 5 months ago

Japan’s central bank retains key interest rate while fine-tuning bond purchases for more flexibility

Associated Press  

TOKYO — Japan’s central bank opted Friday to keep its benchmark interest rate at minus 0.1% but fine-tuned its bond purchases to allow greater flexibility in its policies given the “high uncertainties” facing the world’s third-largest economy. The BOJ has resisted raising its longstanding minus 0.1% benchmark rate out of concern that growth in Japan, the world’s third-largest economy, may …

New BOJ head says banks stable, rules out major policy shift
1 year, 9 months ago

New BOJ head says banks stable, rules out major policy shift

Associated Press  

TOKYO — The new governor of Japan’s central bank signaled Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. Japan’s central bank is seeing its first leadership change in a decade, at a time when inflationary pressures around the world remain a risk and central banks are fighting back …

Lessons from the US bank crisis
1 year, 9 months ago

Lessons from the US bank crisis

Hindustan Times  

Last week ended with the United States Federal Reserve raising interest rates by 25 basis points once again, taking the cumulative rate increase to 4.75 percentage points in the current cycle. Had the latest federal open market committee meeting not been preceded by two bank failures and the possibility of a crisis in many others, the rate hike would have …

Explained: The Bank of Japan's unexpected policy change
2 years ago

Explained: The Bank of Japan's unexpected policy change

Firstpost  

The Bank of Japan has loosened its longstanding shackles on 10-year bond yields. Though some think the move is a precursor to a possible interest rate hike next year, experts say it’s too early to tell The Bank of Japan sprung took experts and markets alike by surprise after an unexpected policy shift. “The writing’s on the wall that perhaps …

Asia markets rise, except Japan, ahead of US jobs report
2 years, 2 months ago

Asia markets rise, except Japan, ahead of US jobs report

Associated Press  

TOKYO — Shares were mostly higher in Asia on Friday led by a 5.8% jump in Hong Kong’s Hang Seng index as Chinese markets were lifted by speculation that Beijing might begin to ease pandemic restrictions. Wall Street’s benchmark S&P 500 lost 1.1% on Thursday and the tech-heavy Nasdaq composite index sank 1.7% a day after the Federal Reserve raised …

Explained: Will the Bank of Japan break tradition and raise interest rates?
2 years, 2 months ago

Explained: Will the Bank of Japan break tradition and raise interest rates?

Firstpost  

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1 per cent even as the yen sinks to three-decade lows against the dollar Tokyo: Even as the Federal Reserve and the world’s other central banks raise …

EXPLAINER: What’s up with the Bank of Japan’s unique track?
2 years, 2 months ago

EXPLAINER: What’s up with the Bank of Japan’s unique track?

Associated Press  

TOKYO — Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm. Various factors affect currency markets, but the widening gap between interest rates, especially between the U.S. and Japan, means that the value of the dollar has risen sharply as investors seek higher …

Japan central bank acts to stem yen’s decline against dollar
2 years, 3 months ago

Japan central bank acts to stem yen’s decline against dollar

Associated Press  

TOKYO — Japan’s central bank took the unusual step Thursday of intervening in the market to stem the yen’s decline against the U.S. dollar. Earlier in the day, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate unchanged following the U.S. Federal Reserve’s decision to raise its …

Asian markets mostly lower in cautious trading; bitcoin price steady at $20,000
2 years, 6 months ago

Asian markets mostly lower in cautious trading; bitcoin price steady at $20,000

Firstpost  

Shares fell in most Asian markets but rose in Hong Kong and India as worries over inflation and risks of a global recession from central bank efforts to bring it under control appeared to outweigh Wall Street’s mostly positive close on 17 June, 2022 Tokyo: Asian markets were mostly lower Monday in cautious trading, while the price of bitcoin remained …

Asian shares decline after Fed chief’s comments on inflation
2 years, 8 months ago

Asian shares decline after Fed chief’s comments on inflation

Associated Press  

TOKYO — Asian shares fell Friday, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation. Japanese Finance Minister Shunichi Suzuki made comments seen as a slightly more forceful pushback against “sudden movements” in exchange rates after meeting with Treasury Secretary Janet Yellen on the sidelines of G20 …

Mortgage costs to jump as interest rate rises loom, warns CBA ahead of Reserve Bank meeting
3 years, 6 months ago

Mortgage costs to jump as interest rate rises loom, warns CBA ahead of Reserve Bank meeting

ABC  

Australians could soon be paying more than $26 billion a year in extra mortgage repayments as interest rates begin to "normalise", but the Commonwealth Bank argues there are several reasons why most households will be able to cope just fine. Key points: The RBA's interest rate decision will be announced at 2:30pm AEST, followed by a rare press conference from …

Bank of England keeps negative interest rates under review
4 years, 8 months ago

Bank of England keeps negative interest rates under review

The Telegraph  

The Bank of England needs to take a balanced judgement of whether negative interest rates would help the economy to deal with the coronavirus crisis, according to its deputy governor. Ben Broadbent said cutting the base rate below zero, after it was reduced twice in March from 0.75pc to 0.25pc to 0.1pc to stem the “sharp and large” economic shock …

Europe’s weak economy is driving the region into another lost decade
5 years, 5 months ago

Europe’s weak economy is driving the region into another lost decade

CNN  

London CNN Business — Europe just endured one decade of economic stagnation. Low growth syndrome The conditions in Europe have drawn comparisons to Japan’s lost decade, a period of slow growth and weak inflation in the 1990s from which the country has never convincingly emerged. The last time the European Central Bank raised rates — in 2011 — Portugal’s debt …

Bonds rise to 8-month high on Reserve Bank of India's bond purchase hopes, inflation comments
6 years, 1 month ago

Bonds rise to 8-month high on Reserve Bank of India's bond purchase hopes, inflation comments

Firstpost  

The 10-year benchmark bond yield fell to as low as 7.38 percent, its lowest since April 11 and compared with its previous close of 7.44 percent. Mumbai: Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its …

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