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.
TOKYO, March 19 (Xinhua) -- The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. ...
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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 Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing to put an end to deflation. #XinhuaNews
HSBC Global Research Economists said in a report that the Bank of Japan needs to be cautious in raising interest rates. First, recent income growth has continued to lag behind inflation, leading to a deterioration in household purchasing power and possibly slowing consumption. Second, even if the...
Bank of Japan holds rates and delivers cautious guidance Stronger consumption outlook means another rise is likely by year-end, but policymakers note market risks Resilient Japanese wages allow BoJ to plan for another rate rise Underlying wage growth continues to strengthen ahead of this year’s pay...
On the other hand, Japan has been unable to exit monetary easing policies and the BoJ states that this is due to the fact that there is an absence of a “virtuous cycle between wages and prices”. The Japanese economy is belatedly turning from a deflationary trend that has lasted for more...