That would follow a 2.0% rise in September and mark the first time the data misses the Bank of Japan's (BOJ) 2% target since May's 1.9% growth. "The momentum of food price hikes is weakening ...
The BOJ also released its quarterly consumer inflation report. It maintains its forecast of 2.5 percent for fiscal 2024, which started in April. But it downgraded its outlook for the next fiscal ...
On the final day of its two-day policy board meeting, the BOJ also decided to halve its monthly purchase of government bonds to about 3 trillion yen ($19 billion) by the first quarter of 2026.
Some Bank of Japan board members were skeptical of the potential merits of releasing a rate path projection similar to the Federal Reserve’s dot plot when authorities discussed the idea during ...
The nine-member board also discussed how to improve the way the BOJ communicates its policy intention to markets, with one flagging the idea of disclosing each member's forecast on the future ...
The Bank of Japan (BoJ) is the central bank of Japan. It is a juridical person established based on the Bank of Japan Act (hereafter the Act), and is not a government agency or a private corporation.
The BOJ was blamed for amplifying a market rout in early August with its surprise interest rate hike in July, and Ueda's comments pledging to keep pushing up rates if sustainable achievement of ...
A weaker Leading Economic Index (LEI) could reduce investor expectations of a BoJ rate hike, potentially pushing USD/JPY toward 150. FOMC speeches could dictate USD/JPY trends before the US CPI ...