(Bloomberg) — Japan’s inflation quickened to the fastest pace in over three decades excluding tax-hike distortions, creating headaches for the central bank this week as it seeks to explain why it needs to continue with monetary stimulus when inflation is far above its 2% goal. Most Read from BloombergSouthwest Mexico Struck by 7.5 Magnitude Earthquake, Buildings Sway in CapitalHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseMark Zuckerberg’s $71 Billion Wealth Wipeout Puts Focus
— Read on ca.finance.yahoo.com/news/japan-inflation-hits-31-high-234249581.html
Tag: Bank of Japan
Kuroda’s BOJ Set to Become World’s Last Negative Rate Holdout
(Bloomberg) — The Bank of Japan’s outlier status is set to become even more acute this week with central banks from the Federal Reserve to the Swiss National Bank expected to raise borrowing costs.Most Read from BloombergSouthwest Mexico Struck by 7.5 Magnitude Earthquake, Buildings Sway in CapitalHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseMark Zuckerberg’s $71 Billion Wealth Wipeout Puts Focus on Meta’s WoesGrand Theft Auto VI Leak Is a Shock to Video Game Studio RockstarB
— Read on ca.finance.yahoo.com/news/kuroda-boj-set-become-world-200000681.html
Bank of Japan Ramps Up Stimulus With Pledge for Unlimited Bond Buying
(Bloomberg) — The Bank of Japan ratcheted up its stimulus Monday in tandem with government measures aimed at preventing the world’s third-largest economy from a virus-triggered collapse.The central bank promised to buy as many government bonds as needed and more than doubled its buying of corporate
— Read on ca.finance.yahoo.com/news/bank-japan-ramps-stimulus-pledge-033022947.html
Bank of Japan Likely to Strengthen Stimulus Next Week – Bloomberg
The Bank of Japan will likely expand its stimulus measures at its meeting next week as it seeks to limit the blow from the coronavirus outbreak and reassure volatile markets, according to people familiar with the matter.
— Read on www.bloomberg.com/news/articles/2020-03-12/bank-of-japan-is-said-likely-to-strengthen-stimulus-next-week
BOJ raises growth forecast, signals status quo on policy outlook – Reuters
The Bank of Japan nudged up its economic growth forecasts on Tuesday and was cautiously optimistic about the global outlook, though it said ongoing risks meant it was far to soon to consider scaling down its massive stimulus program.
— Read on www.reuters.com/article/us-japan-economy-boj/boj-raises-growth-forecast-signals-status-quo-on-policy-outlook-idUSKBN1ZJ287
Bank of Japan joins Fed in signaling easing if needed, keeps policy steady for now – Reuters
The Bank of Japan kept monetary policy steady on Thursday but Governor Haruhiko Kuroda signaled readiness to ramp up stimulus as global risks cloud the economic outlook, joining U.S. and European central banks in dropping hints of additional easing.
— Read on www.reuters.com/article/us-japan-economy-boj/bank-of-japan-joins-fed-in-signaling-easing-if-needed-keeps-policy-steady-for-now-idUSKCN1TL06C