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BOJ to consider pausing bond taper next fiscal year, sources say

BOJ to consider pausing bond taper next fiscal year, sources say TOKYO, June 9 : The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that would mark a turning point in its quantitative tightening (QT) plan. But the decision could be a close call as the nine-member board is seen as split between those who want to focus on soothing investor nerves and others who see the need to steadily slow purchases to...

Channel News Asia 1d ago

Bank of Japan expected to raise rates this month, sources say

Bank of Japan expected to raise rates this month, sources say TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy. With hostilities flaring anew in the Iran war, central bank policymakers will scrutinise developments in the Middle East and their fallout on Japan's economy until the last...

Channel News Asia 6d ago

BOJ expected to raise interest rates in June, sources say

BOJ expected to raise interest rates in June, sources say TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting inflationary pressure in the economy. With hostilities flaring anew in the Iran war, central bank policymakers will scrutinise developments in the Middle East and their fallout on Japan's economy until the...

Channel News Asia 6d ago

BOJ chief to deliver key speech as pressure mounts for June rate hike

BOJ chief to deliver key speech as pressure mounts for June rate hike TOKYO, June 3 : Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy. The speech, due at 0830 GMT, is in focus as a potential signal from Ueda that could reinforce prevailing market expectations that the BOJ will raise short-term...

Channel News Asia 7d ago

Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says

Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says TOKYO, June 1 : Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Japan board member Makoto Sakurai said on Monday. The energy shock triggered by the conflict has led policymakers to look at past experiences for a possible solution...

Channel News Asia 9d ago

Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...

Channel News Asia 9d ago