News list for "Japan"
Bank of Japan Governor Kazuo Ueda: If our expectations for the economic and price outlook are realized, we will continue to adjust the intensity of easing policy.
Bank of Japan Governor Kazuo Ueda: The timing and extent of interest rate hikes will further depend on economic, financial, and price conditions.
On January 24th, the Bank of Japan raised its target interest rate from 0.25% to 0.50% if it expected to raise interest rates by 25 basis points. The rate hike was the largest since 2007, and interest rates rose to a new high since October 2008. After restarting interest rate hikes in March last year, the Bank of Japan has raised interest rates three times in less than 12 months.
On January 24th, the Bank of Japan made an interest rate decision by 8 votes to 1, and the Bank of Japan's deliberator, Toyoaki Nakamura, disagreed with the decision to raise interest rates.
The Bank of Japan will continue to raise policy rates if the economy and prices move as expected.
Japan's central bank target interest rate is 0.5% until January 24, expected to be 0.50%, and the previous value is 0.25%.
After the announcement of the Bank of Japan's decision, the dollar/yen USD/JPY fluctuated in the short term, with a short-term volatility of 30 points, currently trading at 156.03.
Bank of Japan: After raising interest rates on Friday, monetary policy conditions are likely to remain accommodative.
The Bank of Japan has comprehensively raised its inflation forecast for fiscal year 2024 to 2026 and lowered its economic growth forecast for fiscal year 2024
Bank of Japan: Risks to the inflation outlook for fiscal 2024 and 2025 are tilted upward.
The Bank of Japan voted 8-1 to raise interest rates for the third time, saying real interest rates remain negative and will continue to rise as needed. Click to view...
On January 24th, the Bank of Japan raised interest rates to 0.5% on Friday, in line with market consensus expectations, reflecting the bank's growing optimism that wages will continue to rise and inflation will continue to stay near its 2% target. The BoJ's rate hike is the third in less than a year and takes the policy rate to its highest level since 2008. The committee voted 8:1 to raise interest rates. Commissioner Toshiaki Nakamura opposed the decision to raise interest rates. Reports earlie...
The Bank of Japan raised its target interest rate by 25 basis points to 0.50 per cent from 0.25 per cent as expected, the biggest increase since 2007 and the highest since October 2008. The BoJ has raised rates three times in less than 12 months since it restarted in March last year.
Japan's December core CPI annual rate of 3%, expected 3.00%, the previous value of 2.70%.
Japan's core CPI recorded an annual rate of 3% in December, the largest increase since August 2023.
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