William Pesek While US Federal Reserve Chairman Jerome Powell ponders how much room he has for raising interest rates, Tokyo’s experience responds: “Not big.” In March, Powell’s staff hit the monetary “brake” for the first time in three years. Rising interest rates by 25 basis points came at a time when inflation has been running […]
Tag: Bank of Japan’
BOJ: Increases its forecast for inflation
The Bank of Japan is likely to raise its inflation forecast for the current financial year to close to 2% at this month’s meeting as global inflation increases energy and food costs, three knowledgeable sources said. broadcasts Reuters. The increased forecast will bring inflation closer to 2% and the central bank is expected to emphasize […]
NY market: Dollar flats at lows for the first time in 3 weeks Yen falls
In the late New York foreign exchange market, the dollar index was almost unchanged at the lowest price in three months. Optimistic views on additional economic measures for the new coronavirus have spread. On the 11th, the Trump administration has asked Congress to pass a small-scale corona economic measure that utilizes the remaining funds of the […]