TOKYO, Nov 9 (Reuters) - The Bank of Japan (BOJ) hopes to maintain its 2% inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on ...
Bank of Japan board members discussed the need for caution on raising its benchmark rate and offered no clear hint of a move next month, a summary of opinions from its October policy meeting showed.
he Bank of Japan (BOJ) hopes to maintain its 2 percent inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday.
While the risk of a U.S. hard landing has subsided, the BOJ must spend time scrutinising market developments "as it was too early to conclude markets will restore calm," one member said.
Consumption and wage trends are among key factors the Bank of Japan (BOJ) is watching to gauge the strength of the world's fourth-largest economy and decide how soon to raise interest rates.
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.
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Analysts have expressed growing alarm about the steady increase in the BOJ's share of bonds over the past decade, which has been an extremely unusual development for a central bank of a major economy.
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