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Explained: Will the Bank of Japan break tradition and raise interest rates?
FirstpostEven 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 interest rates to try to curb inflation, the Bank of Japan has stood firm. Since 2016, Japan’s key interest rate has been minus 0.1 per cent. Last month, the US central bank raised its benchmark short-term rate for the third straight time to a range of three per cent to 3.25 per cent, its highest level since early 2008. Years ago, when inflation was hovering near zero, Bank of Japan Governor Haruhiko Kuroda set an inflation target of two per cent, hoping that the threat of higher prices would prompt businesses and consumers to spend more, sooner so that the economy would attain what he called a “virtuous cycle” of sustainable growth.
History of this topic
Over 90% of market players expect BOJ to keep rates steady this week, survey shows
Live Mint
Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation
The IndependentBank of Japan raises its key interest rate, aiming to curb yen’s slide against the dollar
Associated Press
Bank of Japan to outline bond taper plan, debate rate hike timing
Live Mint
Japan signals it may prop up yen after currency falls to 38-year low
Al Jazeera
Bank of Japan to cut buying govt bonds
China Daily
Bank of Japan to scale down huge bond-buying programme
New Indian Express
Japan Post Goes Slow in Buying Longest Bonds After BOJ Rate Hike
Live MintJapan’s economy shrank more than expected in the first quarter
Associated Press
Japan is wrong to try to prop up the yen
Hindustan Times
Why is Japan’s yen falling and why is it so weak against the US dollar?
Al JazeeraThe Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years
Associated Press
Japan exits world's last negative-rate regime in landmark policy shift
Hindustan Times
In Japan, interest rate increases herald a new era for financial markets
The HinduJapan’s central bank keeps its negative interest rate unchanged, says it’s watching wage trends
Associated PressStock market today: Asian shares are mixed. Japan’s central bank keeps its monetary policy unchanged
Associated Press
Bank of Japan holds interest rates, makes yield control policy more flexible
Live MintJapan’s central bank retains key interest rate while fine-tuning bond purchases for more flexibility
Associated Press
New BOJ head says banks stable, rules out major policy shift
Associated Press)
Explained: The Bank of Japan's unexpected policy change
Firstpost
EXPLAINER: What’s up with the Bank of Japan’s unique track?
Associated Press
Japan central bank acts to stem yen’s decline against dollar
Associated PressDiscover Related
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