The Bank of Japan (BOJ) kept its monetary policy adjustments unchanged after the conclusion of its two-day meeting on Friday. The central bank maintained benchmark policy rate on hold at -10 basis points while keeping its promise to buy J-REITS at an annual rate of up to 180 trillion yen. The BOJ, as widely expected, […]
Tag: COMBAT
Kuroda says he’s starting to see light at the end of the pandemic tunnel
Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Monday that Each recession has different characteristics and he has pointed out that the difference in the severity of the recession between industries, types of businesses and occupations has been dramatic this time, as reported by Reuters. Additional comments: “The inequality of the recession and the […]
USD / JPY clings to gains near week-long highs above 108.00 level
A combination of factors helps USD / JPY gain traction for the second day in a row. Risk appetite and a pessimistic BoJ weighs on the safe-haven JPY and supports the pair’s upward move. A modest rally in US bond yields benefits the USD and provides an additional boost to the pair. The pair USD […]
Kuroda points out that the 2% inflation target will be achieved in 2024 or later
Haruhiko Kuroda, Governor of the Bank of Japan (BOJ), said that the central bank can achieve a 2% inflation target if it patiently continues its powerful monetary easing. The statements were made at the press conference after the monetary policy meeting that took place this Tuesday. Featured Comments: We will ease monetary policy further without […]
There is great uncertainty about the outlook
Below are the highlights of the BoJ quarterly outlook report, released alongside the monetary policy statement on Tuesday. Financial intermediation is expected to run smoothly under the stability of the financial system. Probably the strengthening of downward pressure on the real economy will be avoided from the financial front. Japan’s financial system remains stable as […]
BoJ keeps monetary policy configuration unchanged in April
The Bank of Japan (BoJ) has left its monetary policy configuration intact after the conclusion of their April two-day meeting on Tuesday. Central bank kept the monetary policy reference rate at -10 basis points while maintaining its commitment to buy J-REITS at an annual rate of up to 180 billion yen. At its March policy […]
Noguchi says the central bank’s current monetary policy has been effective
The current monetary policy of the Bank of Japan (BoJ) is highly appreciated, as it pulled Japan out of a state of deflationthe new member of the central bank’s board said in a statement on Thursday. Additional comments: It’s very important prepare options in case the BoJ needs to ease monetary policy. Whether the BoJ […]
Japan’s business sentiment improves to pre-pandemic levels
Sentiment among Japanese manufacturing and service companies improved to pre-pandemic levels in the first quarter of 2021, as the latest survey conducted by the Bank of Japan (BoJ) showed on Thursday. Key Comments: “The headline index for big manufacturer confidence rose to + 5 in March from – 10 in December, the Bank of Japan’s […]
Kuroda says he does not plan to end the purchase of ETFs or ditch the central bank holdings for now
The Bank of Japan (BoJ) has no plans to end the purchase of exchange-traded funds (ETFs) or ditch the bank’s holdings, for now.Governor Haruhiko Kuroda said in a statement on Thursday. Additional comments: El BoJ continue to buy ETFs flexibly according to current guidelines. It is premature to discuss the timing or the means to […]
Will phase out Nikkei-linked ETFs and buy only TOPIX-linked ETFs from April 1
The Bank of Japan (BoJ), in a statement on Tuesday, has released additional details on its recent change in policy on exchange-traded funds (ETFs), saying that central bank to remove Nikkei-linked ETFs from its ETF purchase program. The BoJ has said that will buy only ETFs linked to the TOPIX from April 1. It will […]