TOKYO, Sept 22, 2023 (AFP) – The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remained stubbornly high. While most other major central banks have pressed ahead with a campaign of interest rate hikes in a bid to tame prices, the BoJ has refused to shift from its long-term programme of sub-zero borrowing costs […]
Tag: BOJ
Bank of Japan maintains monetary easing but plans review
by Hiroshi HIYAMA / Kyoko HASEGAWA The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda. Analysts say the central bank’s stimulus measures, which were supposed to deliver a vital boost to the Japanese economy, are looking increasingly unsustainable. “The bank has decided to conduct a broad-perspective review of monetary […]
Yen soars as BoJ holds off fresh stimulus, delays inflation target
TOKYO, Japan (AFP) — The yen soared against the dollar Thursday after the Bank of Japan surprised markets by holding off fresh stimulus while it pushed back its timeline for hitting a 2.0 percent inflation target. The dollar plunged to 109.15 yen just after the announcement from above 111 yen. Markets had widely expected new measures to counter a downturn in the world’s number three-economy. Speculation had picked up pace after Japan published another set […]
