Japan's central bank opted Thursday to keep its lavish monetary stimulus intact while downgrading its outlook for inflation. The Bank of Japan's policy meeting ended Thursday with no change to its injections of trillions of yen (hundreds of billions of ... ( read original story ...)
Bank of Japan keeps monetary policy steady, cuts inflation expectations
The Bank of Japan said Thursday that it kept its monetary policy unchanged after its two-day meeting, but it cut inflation forecasts for fiscal years 2017/2018 and 2018/2019. The central bank now expects inflation to be at 1.1 percent for the current ... ( read original story ...)
Nikkei lifted by Wall Street highs as BOJ outcome awaited
TOKYO, July 20 (Reuters) - Japan's Nikkei share average rose in morning trade on Thursday, buoyed by record highs on Wall Street though capped by caution ahead of the outcome of the Bank of Japan meeting. The Nikkei was up 0.4 percent at 20,092.14 at the ... ( read original story ...)
Japan’s finance czar gets a rare 3rd term — and 3 challenges
TOKYO -- The commissioner of Japan's Financial Services Agency ... lend where there is no collateral or guarantees," said a source at a regional bank in the Osaka area. But regional banks also face a shrinking population and market uncertainties, and ... ( read original story ...)
Japan Central Bank’s ETF Shopping Spree Is Becoming a Worry
Sustainability is said to be a key concern for some at the BOJ No changes are likely at the policy board’s meeting this week Some officials at the Bank of Japan are increasingly concerned about the sustainability of the BOJ’s purchases of exchange ... ( read original story ...)
After throwing in the kitchen sink, what’s a central bank to do?
with the European Central Bank and Bank of Japan in particular at the bottom limit of what they can do. It is not the first time this concern has been raised. The Bank for International Settlements, often called the central banks' bank, fired a warning ... ( read original story ...)
BANK OF JAPAN : Main events scheduled for Wednesday, July 19
Main events scheduled in Japan for Wednesday, July 19: -- Japan Tourism Agency to release number of foreign visitors to Japan in June. -- Bank of Japan to hold two-day meeting of decision-making Policy Board. -- Cabinet Office to release monthly economic ... ( read original story ...)
Monetary Policy in Japan Has a New Problem: Amazon
In part as a result, Japan’s central bank is likely to lower its price forecast for the current financial... ( read original story ...)
AfDB, Japan to launch Japan-Africa Energy Initiative
The Government of Japan and the African Development Bank (AfDB) have signed a Letter of Intent to launch the Japan-Africa Energy Initiative (JAEI) to provide significant support to the New Deal on Energy for Africa. The deal is aimed to achieve universal ... ( read original story ...)
BOJ likely to push back timeframe for inflation target again: Reuters poll
TOKYO (Reuters) - Faced with still-sluggish inflation even as the economy picks up steam, the Bank of Japan will delay again its projected timing for achieving the 2 percent inflation target, according to a majority of economists polled by Reuters. ( read original story ...)
Board reshuffle may complicate BOJ’s retreat from radicalism
TOKYO (Reuters) - A reshuffle in the Bank of Japan's board will tip its balance more in favor of aggressive stimulus just as the bank quietly retreats from its radical monetary experiment, complicating the task of bureaucrats seeking to whittle down its ... ( read original story ...)
Can Japan End its Easy-Money Addiction?
It was possible to imagine that the shock election setback for the LDP could have caused Shinzo Abe to withdraw support from his money-printer in chief, Bank of Japan governor Haruhiko Kuroda (whose term ends in April 2018), thereby signaling an early end ... ( read original story ...)
Nikkei skids to more than 1-week lows as higher yen, Abe’s falling support hurt
TOKYO, July 18 (Reuters) - Japan's Nikkei share average fell to a more than one-week low on Tuesday as a stronger yen hit cyclical stocks and sliding support for the current administration added to the gloomy mood. The Nikkei fell 0.6 percent to 19,999.91 ... ( read original story ...)
Japan Inc scrambles for job-hoppers
Japan's labour shortage has pushed job-hopping to its highest ... Miyachi changed jobs 18 months ago and her annual salary has now increased by 1 million yen ($A11,644), helping her finance a home loan. "You need to carve out a career for yourself to ... ( read original story ...)
As Brexit approaches, Japanese financial firms cementing footholds in Europe
Japanese financial institutions including Sumitomo Mitsui Banking ... are also speeding up work to create subsidiaries in the German city. Bank of Mitsubishi-Tokyo UFJ and Mizuho Bank operate subsidiaries in Amsterdam. Therefore, they expect only a limited ... ( read original story ...)
Tokyo Seeks Return to Glory Days With Piece of Saudi Aramco IPO
Altogether, the IPO could be as big as 10 trillion yen ($89 billion), Kiyota ... although executives did question why the number of foreign companies trading on the Japanese exchange has continued to decrease over the years. Only five foreign companies ... ( read original story ...)