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Jan 24, 2025 | 
centralbanking.com | Sayuri Shirai |Christopher Jeffery |Daniel Hinge |Daniel Blackburn
Tweet Facebook LinkedIn Save this article Send to Print this page Joscha Wullweber, Central bank capitalism: monetary policy in times of crisis, Stanford University Press, 2024, 258 pagesThis book offers an in-depth exploration of the evolution of modern financial systems into shadow banking-centred structures, highlighting the indispensable role of central banks.
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Sep 16, 2024 | 
eastasiaforum.org | Sayuri Shirai
In Japan, cashless payment tools have become increasingly common. Japanese citizens are now comfortable with using credit cards and the severe labor shortage has accelerated the automation of payments. The cash-free payment ratio for consumption reached nearly 40 per cent in 2023, a big improvement from 13 per cent in 2010. But Japan remains one of the world’s few cash-centric economies.
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Aug 30, 2024 | 
japantimes.co.jp | Sayuri Shirai
The Bank of Japan’s big move at the end of last month was a watershed moment in recent monetary-policy history. Its surprise rate increase positions the overnight uncollateralized call rate as the central bank’s main tool for achieving its inflation target, and leaves asset purchases as a supplementary measure. At last, the BOJ has a policy framework better aligned with those of major central banks globally.
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Aug 30, 2024 | 
qoshe.com | Sayuri Shirai
Aa Aa Aa - A + The Bank of Japan’s big move at the end of last month was a watershed moment in recent monetary-policy........ © The Japan Times visit website
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Jun 12, 2024 | 
diamond.jp | Sayuri Shirai
The Bank of Japan (BOJ) may find it cannot avoid further hawkish actions at its upcoming June 13-14 meeting. The March change to monetary policy triggered further yen depreciation, breaking through the 160-yen-per-U.S.-dollar level at the end of April and leading to $61.6 billion in foreign-exchange interventions by the Ministry of Finance.
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Jun 11, 2024 | 
centralbanking.com | Sayuri Shirai |Lkhagvasuren Byadran |Christopher Jeffery |Daniel Hinge
Tweet Facebook LinkedIn Save this article Send to Print this page Japan and the US have faced new challenges related to the conduct of monetary policy in the post-Covid-19 era, with heightened uncertainties amplified by rising living costs, geopolitical risks and labour shortages. Nevertheless, their challenges differ in nature, reflecting contrasted economic, price and wage developments.
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Mar 17, 2024 | 
diamond.jp | Sayuri Shirai
In the modern monetary policy conducted by major central banks, forward guidance is considered a key policy tool. It provides guidance on future monetary policy direction, aiming to ensure that market participants understand and incorporate the central bank's intended direction into market prices, thereby achieving a desirable financial environment.
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Feb 27, 2024 | 
japantimes.co.jp | Sayuri Shirai
Last week, the Nikkei stock index shattered records for the first time in 34 years and was closing in on the 40,000 mark at the time of this writing. Even considering the boost from the better-than-expected economic and stock market performance in the U.S, the recent market rally in Japan has been remarkable, with the business community celebrating the historic moment as the possible end to the nation’s “lost three decades.”And yet, the country's macroeconomic reality remains tenuous.
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Feb 27, 2024 | 
qoshe.com | Sayuri Shirai
Aa Aa Aa - A + Last week, the Nikkei stock index shattered records for the first time in 34 years and was closing in on the 40,000 mark at the time of this writing. Even considering the boost from the better-than-expected........ © The Japan Times visit website
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Feb 12, 2024 | 
centralbanking.com | Sayuri Shirai |Christopher Jeffery |Daniel Hinge |Dan Hardie
Tweet Facebook LinkedIn Save this article Send to Print this page Amid the normalisation efforts undertaken by many central banks worldwide over the past two to three years, the Bank of Japan has stood out as an outlier due to the continuation of massive monetary easing. In practice, however, the BoJ has been gradually altering its monetary easing policy for some time.
