BOJ’s Ueda Flags Decision on Rate Hike Next Week, Boosting Yen
3 hours, 56 minutes ago

BOJ’s Ueda Flags Decision on Rate Hike Next Week, Boosting Yen

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-- Bank of Japan Governor Kazuo Ueda strengthened speculation of a looming policy move by flagging the decision on whether to raise interest rates at next week’s meeting in a comment that strengthened the yen. The governor also said Wednesday he heard many encouraging views on pay during new year events at various industries, and at the BOJ’s recent branch managers’ meeting. Ueda’s latest comments come as BOJ watchers seek clues about the possibility of a rate hike in the lead-up to the Jan. 23-24 policy meeting. Ueda’s remarks echo Deputy Governor Ryozo Himino’s comments on Tuesday, which also did not rule out the possibility of rate hike next week.

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History of this topic

BOJ’s Deputy Chief Himino Signals Chance of Rate Hike Next Week
Top News
1 day, 6 hours ago

BOJ’s Deputy Chief Himino Signals Chance of Rate Hike Next Week

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-- Bank of Japan Deputy Governor Ryozo Himino signaled the possibility of an interest rate hike next week by saying that the board will be discussing it, making it clear that the option is on the table. In the last scheduled speech by a BOJ policy board member ahead of next week’s meeting, Himino indicated his expectations for wage increases …

BOJ Deputy Chief Says Will Raise Rate If Outlook Is Realized
1 day, 7 hours ago

BOJ Deputy Chief Says Will Raise Rate If Outlook Is Realized

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-- Bank of Japan Deputy Governor Ryozo Himino reiterated that the central bank will raise rates if its outlook continues to be realized, while adding that there are risks both at home and abroad that require attention. “If this outlook will continue to be realized, the Bank will raise the policy interest rate accordingly and adjust the degree of monetary …

Yen Weakens to Lowest Since July on Fixing, Retail Selling
1 week, 1 day ago

Yen Weakens to Lowest Since July on Fixing, Retail Selling

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-- The yen slid to its weakest since July against the dollar, underperforming all major currencies, with analysts attributing the drop to Japanese retail investors’ outflows as well as to Tokyo benchmark fixing. READ: Japan’s Kato: Will Take Action Against Any Excessive FX Moves “As we’ve entered the new year, it’s possible that there was yen selling from overseas investment …

Dollar gains broadly, slips against yen as interest-rate policy in focus
2 weeks, 1 day ago

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

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-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 …

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

Tokyo Inflation Accelerates, Supporting Case for BOJ Rate Hike

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-- 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 …

BOJ to Debate Rate Hike While Seeing Limited Urgency
4 weeks ago

BOJ to Debate Rate Hike While Seeing Limited Urgency

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-- The Bank of Japan is set to discuss whether or not an interest rate hike is warranted on Thursday, with views from officials suggesting a lean toward a hold amid growing market speculation of a January move. More than half of economists now predict a rate hike in January while 44% still see it coming this week, according to …

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 …

EXCLUSIVE-BOJ leaning toward keeping rates steady next week, sources say
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1 month ago

EXCLUSIVE-BOJ leaning toward keeping rates steady next week, sources say

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* BOJ in no rush to hike as yen's rebound moderates price pressure * Void of renewed yen plunge, BOJ prefers to gauge more data * Trump risk, wage uncertainty favour standing pat - for now * BOJ to meet Dec. 18-19, Fed decision due hours before BOJ's By Leika Kihara TOKYO, Dec 12 - The Bank of Japan is …

BOJ’s Ueda Says Rate Hike Getting Nearer With Wage Trend Key
1 month, 2 weeks ago

BOJ’s Ueda Says Rate Hike Getting Nearer With Wage Trend Key

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-- Bank of Japan Governor Kazuo Ueda said interest-rate hikes are “nearing” as inflation and economic trends develop in line with the central bank’s forecasts, helping strengthen the yen without explicitly supporting an increase in December. Japan’s currency had already gained nearly 1% earlier Friday as market bets on a December rate hike rose following data showing inflation in Tokyo …

Yen hits 6-week high amid growing BOJ rate hike bets
1 month, 2 weeks ago

Yen hits 6-week high amid growing BOJ rate hike bets

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By Kevin Buckland TOKYO -The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar index, which measures the greenback versus the yen, sterling, euro, and three other rivals, was 0.2% weaker at 105.86, and …

Yen hits 6-week high amid growing BOJ rate hike bets
Trending News
1 month, 2 weeks ago

Yen hits 6-week high amid growing BOJ rate hike bets

Live Mint  

By Kevin Buckland TOKYO, Nov 29 - The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar index, which measures the greenback versus the yen, sterling, euro, and three other rivals, was 0.2% weaker …

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

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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 …

Ueda's Focus on Right-Sizing Normalization: Keeping Him Awake 24/7
2 months, 3 weeks ago

Ueda's Focus on Right-Sizing Normalization: Keeping Him Awake 24/7

Live Mint  

Bank of Japan Governor Kazuo Ueda hints at more interest-rate hikes, saying that figuring out the right size and timing for further normalization of Japan's easy monetary policy is his over-arching preoccupation. Ueda also spoke shortly after Japan's currency slid as much as 1.4% to 153.19 per dollar on Wednesday, the weakest level since July 31. While the BOJ chief …

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

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* 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 …

Yen soars to 4-month high after surprise BOJ policy tweak
2 years ago

Yen soars to 4-month high after surprise BOJ policy tweak

Live Mint  

The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan stunned markets by deciding to review its yield curve control policy and widen the trading band for the 10-year government bond yield. While it kept broad policy settings unchanged - pinning short-term JGB yields at -0.1% and the 10-year yield around zero - …

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