Both Fed Chair Jerome Powell and ECB President Christine Lagarde have warned that inflation remains too high, forcing them to raise borrowing costs further
Central bank reiterated its view that inflation will slow later this year and pledge to "patiently" sustain stimulus
The decision by the BOJ to keep its short-term interest rate target at -0.1% and its 10-year bond yield around 0% was widely expected
Revamps guidance, removes pledge to keep rates at low levels; quarterly report projects inflation to hit 1.6% in fiscal 2025
The short-lived peak for global rates, according to a gauge calculated by Bloomberg Economics, will be 6% in the third quarter. By the end of next year, that measure is seen dropping to 4.9%
The new governor of Japan's central bank signalled on Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. Bank of Japan Gov. Kazuo Ueda said Japan's financial institutions are not facing the sorts of turmoil seen recently with bank failures in the US and Europe. He pledged to do his utmost to maintain stability in both prices and financial systems in the world's third-largest economy. Markets have calmed and, as far as the impact on the Japanese system, we have maintained the easy monetary policy, and there is ample capital and fluidity, Ueda said. Japan's central bank is seeing its first leadership change in a decade, at a time when inflationary pressures around the world remain a risk and central banks are fighting back with big interest rate increases meant to slow economic activity. Ueda is taking over what many see as the unfinished work of his predecessor, Haruhiko Kuroda, whose second five-year term ende
"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference
"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference
Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday
Nearly 40 per cent of Japanese companies want the Bank of Japan (BOJ) to scale down its ultra-loose monetary policy over the next year, local media reported citing a recent survey
Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one-year anniversary of the invasion
BOJ unrealised losses on its holdings of government bonds amounted to about 8.8 trillion yen ($68 billion) at the end of December last year, the central bank's governor Haruhiko Kuroda has said.
The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01
The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan
With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it
A wave of emergency BOJ buying later reined the yield back in, but markets remained jumpy
The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus
The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously
Bank of Japan has decided to adjust its yields on 10-year govt bonds in a policy move to address mounting costs connected to its long-standing monetary easing measures
Fiscal spending under the package will total 39 trillion yen ($260 billion), funded by an extra budget of 29.6 trillion yen ($201 billion)