Tag: Bank of Japan

HSBC names Rachel Duan Independent non-executive Director
August 07, 2024 BY Elizabeth Anderson

Interest Rate Cuts May Worsen Carry Trade Unwind

Carry trading occurs when investors borrow at low interest rates and invest in assets with higher returns. Weak US economic data triggered a stock plunge, which may prompt the US Federal Reserve to cut interest rates in an attempt to stem a recession. CNBC quoted a note from TS Lombard analysts, which read: The natural…

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August 01, 2024 BY Elizabeth Anderson

Japan Forks Out Trillions To Bolster Yen

This intercession is the latest in Japan’s efforts to throw a lifeline to the yen after it dropped to its lowest mark against the USD in 38 years. The Japanese Ministry of Finance published data on Wednesday 31 July 2024 showing that the government paid out 5.53tn JPY – the equivalent of roughly $36.8bn –…

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JPY/USD
April 25, 2024 BY Elizabeth Anderson

Yen Backslides Against The US Dollar

This is the weakest JPY/USD performance since the mid-1990s. All eyes are now on the Bank of Japan (BOJ) as the markets expect some intervention from this monetary policymaker to bolster the yen. Don’t miss out the latest news, subscribe to LeapRate’s newsletter This currency’s weakness sparked market angst as the Japanese finance minister, Shunichi…

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Bank of Japan
March 19, 2024 BY Simon Mugo

BOJ Ends Negative Interest Rates With a First Rate Hike in 17 Years

This development positions Japan as the final major central bank to move away from negative rates, signalling the end of a global trend in which economies were buoyed by inexpensive capital and novel financial strategies. "We have transitioned back to a standard monetary policy that focuses on short-term interest rates, aligning with practices of other…

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Bank of Japan
March 18, 2024 BY Simon Mugo

Japanese Bank Starts Training Staff on Positive Interest Rates

About 3,300 employees of the Bank of Kyoto are being educated on the significance of interest rates, the process of determining lending rates, and the implications of rising interest rates for both the bank and its clientele through this program. The curriculum includes insights from veteran executives familiar with handling business in a positive interest…

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Bank of Japan
March 12, 2024 BY Simon Mugo

BoJ Expected To End YCC and Negative Rates Soon – Sources Say

With inflation consistently surpassing the BOJ's target of 2% for over a year, investors widely expect the central bank to elevate short-term interest rates from below zero in the upcoming week or by April. The sources noted that the transition away from negative rates is expected to coincide with the termination of the YCC policy,…

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December 19, 2023 BY Nick Ranga

Japanese stocks rise, yen falls as BOJ reaffirms ultra-easy policy

In a unanimous decision, the central bank opted to keep interest rates at -0.1% while adhering to its yield curve policy, referencing the 1% upper limit for 10-year Japanese government bonds. It reaffirmed its view that the economic uncertainty is “extremely high,” and it is committed to taking "additional easing steps if necessary.” Don’t miss…

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December 13, 2023 BY Elizabeth Anderson

Japanese stocks see incline as inflation data softens

Machinery and precision instrument stocks led the minor increase in the market as the US dollar briefly climbed to the 146-yen mark in Tokyo. Investor response to the Tankan survey indicates that the latest US inflation data might not be enough to spur the US Federal Reserve to initiate interest rate reductions soon, much to…

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Japanese yen
December 11, 2023 BY Simon Mugo

USDJPY Rises as US Dollar Surges Against the Yen on Dovish BoJ

The primary cause for this shift is a recent overnight announcement from the Bank of Japan (BoJ). In this statement, the BoJ retracted its previous indication that it might abandon negative policy rates for the first time in many years, a stance it has now decided against. This change in position by the BoJ has…

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