Page 9 - Bank Of Japan

In a rare move, Japan sells 80 tons of gold to fill budget hole

Saddled with public debt twice the size of its economy and tax revenues hit by the pandemic-induced recession, the finance ministry is under pressure to find non-tax revenues

Bank of Japan to buy $6 billion in cash to combat potential market turmoil

The Bank of Japan has decided to tap $6 billion in cash from a government account in a rare arrangement to ensure it has enough ammunition to combat any market disruptions

World's central banks are now begging govts to power economic rebound

Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession

Bank of Japan trims growth and price outlook, keeps policy steady

As widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%

Bank of Japan has no plan to change inflation target, says Haruhiko Kuroda

"We have no intention to change our inflation targeting policy and forward guidance," Kuroda said in an online International Banking Seminar of the Group of 30.

Central bank has plenty of tools to cushion blow from Covid: Bank of Japan

While the BOJ did not directly target exchange rates in guiding policy, the central bank was carefully watching yen moves due to their impact on Japanese price moves

Some in BOJ called for review of strategy to achieve elusive price goal

A few of the board members said the central bank may need to find a new approach to fire up inflation toward its 2% target, given the pandemic's sweeping impact on companies and households

Japan's August consumer prices fall at fastest pace in four years

The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, fell 0.4% in August from a year earlier

BOJ to hold fire, signal resolve to work closely with Suga's new cabinet

The BOJ board may also debate how the Federal Reserve's recent shift towards a policy focusing more on jobs

Yoshihide Suga as Japan's next premier may be tough partner for BOJ

Suga is a safe pair of hands and has a thorough knowledge of the Bank of Japan's policy framework, but he also knows how to pressure the bank into action

What after Abenomics: Japan's PM exits with economy back at square one

What would become known as Abenomics relied on "three arrows": monetary easing, fiscal policy and regulatory reforms

Markets ride easy money wave, experts caution against asset price bubbles

Economists project developed world central banks to keep liquidity tap open well into 2021

Japan's economy to shrink at fastest pace in decades this fiscal year

Many respondents predicted the Bank of Japan's next policy step would be to expand stimulus

Yield curve control a double-edged sword for BoJ as low rates strain banks

The Bank of Japan's push to keep borrowing costs low to cushion the economic blow from the coronavirus is coming at the expense of the country's lenders

Japan's retail sales extend fall in May as Covid-19 hurts consumer spending

The sustained downturn in demand raises risks that the world's third-largest economy could remain mired in recession longer than expected and a revival may be more sluggish

Japan's exports decline most since 2009 as Covid-19 hits US-bound shipments

The trade data came a day after the Bank of Japan increased its support through lending schemes for struggling businesses to $1 trillion.

Bank of Japan keeps policy steady, to pump $1 trn to combat health crisis

As widely expected, the central bank maintained its pledge to guide short-term interest rates at -0.1% and the 10-year government bond yield around 0% by a 8-1 vote

Japan plans to end Tokyo's state of emergency, eyes fresh $930 bn stimulus

Social distancing curbs were removed for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch

Market Ahead, May 22: Top factors that could guide markets today

A total of 25 companies including Alembic Pharmaceuticals, IDFC First Bank, and UPL, are scheduled to announce their March quarter earnings later in the day

Market Ahead, April 27: Top factors that could guide markets this week

According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later