Bank of Japan to scale down huge bond-buying programme
6 months, 1 week 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 freely". While the move had been widely expected, observers said the decision to defer action until next month weighed on the yen, pushing it towards 158 per dollar, from around 157.20. The BoJ raised rates in March for the first time since 2007 as it seeks to normalise policy without destabilising the world's fourth-largest economy.

Policy Meeting  bondbuying  bank  worlds  widely  rates  scale  programme  policy  meeting  yen  huge  bonds  weighed  interest  japan

History of this topic

JGB yields rise as weak yen drives bets for BOJ rate hike
6 days, 19 hours 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
6 days, 21 hours 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 …

BOJ leaning toward keeping rates steady next week, sources say
1 week, 4 days ago

BOJ leaning toward keeping rates steady next week, sources say

Live Mint  

* 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 …

Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April
3 weeks, 3 days ago

Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April

Live Mint  

By Brigid Riley TOKYO, - Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan after hotter-than-expected inflation data. Meanwhile, banks and insurance stocks were boosted by prospects of the rate hike, sending Dai-ichi Life Holdings soaring 3.5% and Chiba Bank rallying 4.2% to land among …

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

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
4 months 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 PM to step down next month amid rising prices, political scandals: Report
4 months, 1 week ago

Japan PM to step down next month amid rising prices, political scandals: Report

Firstpost  

Kishida’s public support eroded amid revelations about the party’s ties to the controversial Unification Church, and more recently, unrecorded political donations made at LDP fundraising parties Japanese Prime Minister Fumio Kishida said he will step down in September, ending a three-year term marred by political scandals and paving the way for a new premier to address the impact of rising …

Japan's share benchmark resumes swings after calm day on Wall Street
4 months, 2 weeks ago

Japan's share benchmark resumes swings after calm day on 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. The interest rate hike, however …

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation
4 months, 3 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
4 months, 3 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 …

Bank of Japan to outline bond taper plan, debate rate hike timing
4 months, 3 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 …

Japan signals it may prop up yen after currency falls to 38-year low
5 months, 3 weeks ago

Japan signals it may prop up yen after currency falls to 38-year low

Al Jazeera  

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar. “We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions.” The Japanese finance chief made his comments after the yen weakened to 160.88 against the dollar …

Bank of Japan to cut buying govt bonds
6 months 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 …

Japan Post Goes Slow in Buying Longest Bonds After BOJ Rate Hike
6 months, 3 weeks 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, 1 week 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
7 months, 2 weeks 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 …

Why is Japan’s yen falling and why is it so weak against the US dollar?
7 months, 3 weeks ago

Why is Japan’s yen falling and why is it so weak against the US dollar?

Al Jazeera  

The weakness of the Japanese currency is back in the spotlight after sinking to its lowest level since April 1990. The yen recovered to 155.01 per dollar later in the day, prompting speculation that Japanese authorities had intervened to prop up the value of the currency. “Also, market expectations rapidly changed on the Fed’s monetary policy.” The gap in interest …

Japan’s yen surges after sinking to lowest level against dollar since 1990
7 months, 3 weeks ago

Japan’s yen surges after sinking to lowest level against dollar since 1990

Al Jazeera  

Japanese currency sinks to 160.17 per dollar before rising to 155.01 amid speculation of intervention by authorities. The yen on Monday sank to 160.17 per dollar, the lowest since April 1990, setting off murmurs that Japanese authorities could intervene to prop up the currency for the first time since late 2022. The yen has been on a near continual slide …

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

In Japan, interest rate increases herald a new era for financial markets
9 months, 1 week 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, 2 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, 4 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, 4 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, 8 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 …

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 …

Explained: Will the Bank of Japan break tradition and raise interest rates?
2 years, 1 month 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, 1 month 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 …

Discover Related