yawn...what's new? they already have so much holdings in US treasury so why would they change? at this point, they might as well just change their currency to USD lol.
Statement on Monetary Policy
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. (1) Yield curve control: a) The Bank decided, by a unanimous vote, to set the following guideline for market operations for the intermeeting period. The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0. 1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank. The long-term interest rate: The Bank will purchase a necessary amount of Japanese government bonds (JGBs) without setting an upper limit so that 10-year JGB yields will ... (full story)
Added at 10:59pm
BoJ Leaves Forward Guidance Unchanged— LiveSquawk (@LiveSquawk) September 22, 2023
- Will Add To Easing Without Hesitation If Needed
- Will Nimbly Respond To Prices, Economy, Financial Conditions
- Y/Y Rate Of CPI Increase Likely To Decelerate
- Inflation Expectations Showing Renewed Signs Of Accelerating
Added at 11:04pm
Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy
Japan’s central bank maintained its ultra-loose policy and left rates unchanged on Friday, mindful of the “extremely high uncertainties” on the growth outlook domestically and globally. In a policy statement after its September policy meeting, the Bank of Japan said it would maintain short-term interest rates at -0.1%, and cap the 10-year Japanese government bond yield around zero. At the last policy meeting in July, the Bank of Japan loosened its yield curve control to allow longer term rates to move more in tandem with rising inflation. It was Ueda’s first policy change since assuming office in April. The ... (full story)
Added at 11:08pm
USD/JPY reclaims 148.00 in reaction to BoJ's decision to maintain status quo
The USD/JPY pair regains positive traction during the Asian session on Friday and the buying interest picks up pace after the Bank of Japan (BoJ) announced its policy decision. Spot prices climb back above the 148.00 mark in the last hour and remain well within the striking distance of the YTD peak touched on Thursday. The Japanese central bank, as was widely anticipated, decided to leave its monetary policy settings unchanged and fell short of offering any forward guidance. This marks a big divergence in comparison to the Federal Reserve's (Fed) hawkish outlook, which continues to underpin the US Dollar (USD) and ... (full story)
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On Thursday, the USD/JPY fell by 0.52%. Reversing a 0.33% gain from Wednesday, the USD/JPY ended the day at 147.569. During a choppy session, the USD/JPY rose to a high of 148.462 ...
post: Japan FinMin Suzuki: Closely Watching FX With Sense Of Urgency, Refuses To Rule Out Any Responses To Rapid FX Moves $USDJPY post: JAPAN FINMIN SUZUKI: CLOSELY CONTACTING WITH OVERSEAS CURRENCY AUTHORITIES post: JAPAN FINMIN SUZUKI: LAST YEAR'S FX INTERVENTION HAD ITS EFFECT post: JAPAN FINMIN SUZUKI: NO COMMENT ON RECENT FX LEVELS, MOVES post: JAPAN FINMIN SUZUKI: LONG-TERM RATES ARE SET BY MARKET BASED ON VARIOUS FACTORS
The Bank of Japan is forecast to keep its ultra-easy monetary stimulus unchanged on Friday. Traders are focusing on any remarks Governor Kazuo Ueda makes on negative interest ...
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Soaring commodity prices could deliver back-to-back budget surpluses after official budget documents showed a staggering $12.7bn upgrade in company taxes. Formally released by the ...
Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total ...
In many ways 2023 continues to be the mirror image of 2022. One market dimension where this is most apparent: For much of the year, the most volatile assets have been some of the ...