Category: boj

Japan Households’ Inflation Expectations Hit More Than 2-year High: BOJ

TOKYO—Japanese households’ inflation expectations have risen to a more than two-year high, a quarterly survey showed on Tuesday, a sign the rising cost of living was starting to change public perceptions about future price moves. The result offers some hope for the Bank of Japan’s effort to push inflation to its 2 percent target, partly…


BOJ’s Kuroda Warns Weak Yen Hurting Households More Than Before

TOKYO—A weak yen may be hurting Japanese households more than in the past, as the country’s increasing reliance on more expensive raw material imports pushes up the cost of living, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday. Kuroda’s remarks are the most direct acknowledgment to date of the potential disadvantages of a…


BOJ’s Kuroda: Too Early to Consider Normalising Monetary Policy

TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday it was too early to consider normalizing monetary policy, bolstering the view that the Japanese central bank would lag behind other central banks in dialing back monetary stimulus. Kuroda made the remark as the Bank of England last week became the first G7 central bank to…


BOJ Dials Back Pandemic Funding as Global Central Banks Eye Post-COVID Era

TOKYO—The Bank of Japan on Friday dialled back emergency pandemic funding but maintained an ultra-loose policy and extended financial relief for small firms, cementing expectations it will remain among the most dovish central banks for the foreseeable future. BOJ Governor Haruhiko Kuroda said borrowing costs will remain low in Japan even as other central banks…


Japanese Policymakers Reaffirm BOJ’s Commitment to 2 Percent Inflation Target

TOKYO—Japanese policymakers on Tuesday reaffirmed the Bank of Japan’s (BOJ) commitment to its 2 percent inflation target in a meeting held between the central bank chief and the country’s economy and finance ministers. The Japanese government and the central bank also agreed to keep in close contact and cooperation, in line with commitments made in…


Euro Hovers Ahead of ECB Meeting, Yen Looks Past BOJ Doves

LONDON—The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’ views on the outlook for inflation and an expected push back against rising interest rate projections. On a busy day for central bank-driven activity, the Australian dollar dipped on growing speculation about the Reserve Bank…


BOJ Offers Gloomier View on Regional Japan as Supply Curbs Hit Autos

TOKYO—The Bank of Japan (BOJ) offered on Thursday its gloomiest view on regional economies in more than a year as supply constraints disrupted factory output of cars and other products, clouding the outlook for the export-reliant economy. In a quarterly report, the central bank slashed its economic assessment for five of the country’s nine regions—the…


BOJ Debated Risks From Supply Constraints, China Slowdown: September Summary

TOKYO—Bank of Japan (BOJ) policymakers in September saw rising risks to the economy from slowing Chinese growth, semiconductor shortages and Southeast Asian factory shutdowns, a summary of opinion expressed at their monthly rate review showed on Friday. Such heightening external risks could affect the BOJ’s fresh quarterly growth projections, due at its next policy-setting meeting…


BOJ Kuroda Vows to Keep Easy Policy on Weak Consumption, Inflation

TOKYO—Bank of Japan Governor Haruhiko Kuroda on Thursday stressed the bank’s readiness to maintain massive stimulus, as the fallout from the pandemic weighs on consumption and keeps inflation distant from its 2 percent target. Kuroda said the world’s third-largest economy is expected to show clearer signs of recovery as robust corporate profits and capital expenditure…


Japan CPI Halts 12-Month Decline, Still Well Below BOJ Target

TOKYO—Japan’s core consumer prices halted a 12-month run of declines in August, bolstered by higher energy costs and the impact of a tourism campaign, bringing some relief to central bank efforts to push inflation towards its elusive 2 percent target. Nationwide prices were flat compared with a year earlier, due to a tug of war…