On March 19, the Bank of Japan raised its benchmark interest rate from -0.1% to 0-0.1%, in line with market expectations. This is the first time the BOJ has raised rates since 2007, and it marks the end of eight years of negative interest rates....
The Japanese Yen pared some of its losses to 132.75 against the greenback, underpinned by positive CPI, Industrial Production, and Retail Trade data released in Japan this morning. AUD/USDThe Aussie timidly progressed to $0.6710, assisted by an uptick in Chinese NBS Manufacturing PMI. USD/...
The Bank of Japan (BoJ) sprung a mild surprise at today's announcement, raising its policy rate to around 0.25%, from around 0% to 0.1% previously. The BoJ also said it would reduce the pace of its bond purchases to around ¥3T per month by early 2026. The BoJ's accompanying comme...
7 Types of Stocks to Add if Rates Drop Stocks in interest-sensitive sectors may benefit as Fed rate cuts lower borrowing costs. Kate StalterNov. 15, 2024 6 Best Companies to Invest In for 2025 These are the best companies to own in 2025 and beyond. ...
The Bank of Japan has raised interest rates for the first time since 2007, becoming the world’s last central bank to end negative rates as the country puts decades of deflation behind it. Following a 7-2 majority vote, the BoJ said it would guide the overnight interest rate to remain ...
Services PMI and the Bank of Japan in Focus October Flash private sector PMIs from Japan will draw investor attention on Tuesday. The services sector PMI will likely have more influence on the Yen, with services contributing more than 65% to the economy. Economists forecast the Judo B...
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effectiveness of the Bank of Japan (BOJ)'s foreign exchange interventions over the period May 13 1991 to Mar 16 2004. The existing literature has generally failed to provide a comprehensive study on the effects of the BOJ's interventions, and particularly, the efficacy of public and secret ...
The Bank of Japan left interest rates unchanged on Friday, but governor Kazuo Ueda said further hikes remain on the cards if the economy grows as predicted. Two days after the US Federal Reserve slashed rates for the first time since the start of the pandemic, the BoJ's decision came as...
Bank of Japan Governor Ueda Kazuo said that the central bank cancelled large-scale easing policies this week, in part to avoid the need to take drastic action in the future. This remark may help market participants determine how Kazuo Ueda will proceed next in chess. In response to questions...