The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% target.
The Bank of Japan (BoJ) is likely to wait until the summer before it next raises interest rates, according to economists surveyed by Bloomberg.
As time goes on, the BOJ’s rate increases appear to be having a stronger impact on people’s everyday lives, shifting from more abstract concepts to more concrete effects.
TOKYO (Reuters) - The Japanese government on Tuesday nominated Waseda University political science and economics professor Junko Koeda to join the Bank of Japan's nine-member board. Koeda would replace former economist Seiji Adachi, whose five-year term ends on March 25.
Tokyo stocks were mixed Tuesday morning, as technology shares tracked declines in their U.S. counterparts after a Chinese startup dev
Tokyo, Jan 24 (AP) The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. The decision by the central bank came at the end of a two-day policy board meeting in Tokyo.
Japan's core consumer prices in December rose 3.0 percent from a year earlier, the fastest pace in more than a year, as government su
The Bank of Japan (BoJ) is the central bank of Japan ... He graduated from the University of Tokyo with a Bachelor of Science and Mathematics and received a PhD in economics from the Massachusetts ...
The Bank of Japan has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.
The deputy governor reiterated that the BOJ would consider additional rate increases if economic and prices developments align with expectations. However, he didn't provide any hints on the timing or pace of future hikes.