Commenting on the Bank of Japan (BoJ) monetary policy tools, Governor Haruhiko Kuroda said in a statement Wednesday that bond purchases are for monetary policy purposes and not for the government. Additional comments: Bond buying has slowed significantly because the markets remain calm. The BoJ is buying medium, long and super-long JGB (Japanese government bonds) […]
Tag: COMBAT
BOJ: Kuroda says exports have recovered to pre-COVID-19 levels
The Governor of the Bank of Japan (BOJ), Haruhiko Kuroda, has commented on the economy in the face of the coronavirus crisis: Exports have recovered to levels prior to the COVID-19 crisis. Production is making similar moves. Consumption is recovering something as a whole. Spending on the service sector remains weak. . Donald WestbrookDonald-43Westbrook, a […]
Kuroda says state of emergency may weaken economic recovery
The Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, said on Monday that the national economy has been significantly affected by the coronavirus pandemic. Additional comments: He Coronavirus resurgence and state of emergency may slow recovery economy of Japan. The most important policy is avoid unemployment and business bankruptcies. Both fiscal and monetary policies […]
More stimuli have not yet been ruled out – UOB
UOB Group senior economist Alvin Liew does not rule out that the Bank of Japan (BoJ) may increase flexibility at the March meeting, when the policy review is completed. Key statements: “The Bank of Japan (BoJ) decided to keep its policy measures unchanged at its first Monetary Policy Meeting of 2021 (January 21). And in […]
Central banks didn’t impress, dollar in trouble
This is what you need to know to trade in the Asian session on Friday, January 22: He Bank of Japan and the European Central Bank held monetary policy meetings, but as widely anticipated, left their current policies unchanged, while pledging to continue supporting economies during the pandemic. The announcements have no impact on currencies, […]
USD / JPY struggles near two-week lows below 103.50 level
USD / JPY is witnessing some selling for the second day in a row on Thursday. The drop is due exclusively to some sales around the USD. Market optimism and the Bank of Japan dovish could help limit any further decline. The pair USD/JPY is its constant intraday decline and has fallen to new two-week […]
BoJ maintains monetary policy unchanged in January and lowers economic evaluation
The Bank of Japan (BoJ) has kept its monetary policy setup unchanged following the conclusion of their January meeting on Thursday. The central bank has stopped the key rate stable at -0.10%, maintaining an objective of the performance of the 10-year JGB at 0.00%. The BoJ has cut its economic forecast for the current fiscal […]
USD / JPY will move within the 103-104 range in the coming months
In the opinion of Jane Foley, senior currency strategist at Rabobank, Bank of Japan (BoJ) is unlikely to deviate from current accommodative shape as this would lead to unwanted appreciation of the yen. Key Comments: “For now, the BoJ will want to promote the image of a bank focused on policy stimulus. More than 60% […]
BoJ maintains its economic assessment for five of the 9 regions of Japan
In its latest quarterly report released Thursday, the Bank of Japan (BoJ) has left its economic assessment unchanged for five of the nine regions of Japan. Key details: The BoJ raises the economic evaluation for three of the 9 regions of Japan. The BoJ cuts the economic assessment for one of the 9 regions of […]
Kuroda says they continue to closely watch the effects of the coronavirus on prices
Commenting on the Bank of Japan (BOJ) inflation outlook, Governor Haruhiko Kuroda has said that “excluding specific factors, the CPI has been in slightly positive territory recently“. Additional comments: There is no risk of the economy falling back into deflation. They’re watching closely the effects of the coronavirus in prices. The impact of the coronavirus […]