Shiori Goso

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BOJ pays record $14bn to government on ETF gains and bond interest

May 29, 2024 | asia.nikkei.com | Shiori Goso

TOKYO -- The Bank of Japan contributed a record 2.17 trillion yen ($13.8 billion) to the government's coffers in fiscal 2023, according to full-year results published Wednesday, though higher interest rates have fueled concerns over the central bank's financial future. As a general rule, the BOJ's final profits after certain expenses and taxes are paid to the government as the nation's property. Such payments increased around 10% for the year ended March 31.
Bank of Japan bond purchases shrank 36% in fiscal 2023

Apr 1, 2024 | asia.nikkei.com | Shiori Goso

TOKYO -- Japanese government bond purchases by the Bank of Japan fell 36% from their peak to 87.6 trillion yen ($579 billion at current rates) in fiscal 2023, data published Monday shows, as the market shifts focus to when the central bank will start shrinking its balance sheet. The BOJ ended its negative interest policy as well as its yield curve control, which aimed to keep the 10-year JGB yield around 0%, at its March 19 meeting.
Odds rise that Japan will lift negative interest rates in March

Mar 1, 2024 | asia.nikkei.com | Shiori Goso |Kenichi Onozawa

SAO PAULO/TOKYO -- Will the Bank of Japan make the much-awaited move to end its negative interest rate policy in March or April? Proponents of the view that it will be lifted this month are feeling a bit more confident. Speaking Thursday in Sao Paulo after a meeting of Group of 20 finance ministers and central bankers, BOJ Gov.
Cracks in G20 let Russia grow trade with China and India

Feb 29, 2024 | asia.nikkei.com | Shiori Goso |Kosuke Takami |Akira Yamashita

SAO PAULO/LONDON -- As Group of 20 finance ministers meet in Brazil, divisions within the G20 have allowed Russia to maintain a high level of economic growth since its invasion of Ukraine by trading with China, India and other members. Russia's real gross domestic product rose 3.6% in 2023 by an official preliminary estimate.
BOJ's negative-rate exit may hinge on January, April inflation outlooks

Dec 19, 2023 | asia.nikkei.com | Shiori Goso

TOKYO -- The Bank of Japan is weighing when to end its negative-interest-rate policy as inflation shifts to a more stable footing, focusing on spring wage negotiations kicking off in January and an expected pivot to rate cuts in the U.S.Gov. Kazuo Ueda struck a balance between positivity and caution in his news conference Tuesday after the central bank's policy meeting as it enters the final stages of a move toward an exit from years of ultraloose monetary policy.
BOJ to discuss raising fiscal 2024 inflation outlook over 2%

Oct 27, 2023 | asia.nikkei.com | Shiori Goso

TOKYO -- The Bank of Japan is likely to raise its consumer price index outlook for fiscal 2024 to the 2% growth range when its policy-setting board meets next week, moving closer to its goal of stable and sustainable price increases. The upgrade would mean the rate of inflation will stay above the central bank's target of 2% for a third consecutive year.
Japan bank profits would rise under 1-point rate increase, says BOJ

Oct 21, 2023 | asia.nikkei.com | Shiori Goso

TOKYO -- Total earnings at Japanese banks would likely improve if domestic interest rates climbed by 1 percentage point, with favorable yield spreads outweighing temporary losses on bond holdings, a report released Friday by the Bank of Japan shows. The central bank's estimate of interest rate risk in its latest Financial System Report works out to roughly 3 trillion yen ($20 billion) to the upside. It noted that a base of sticky core deposits offsets downside risks.
Weak yen boosts Japan's business confidence, BOJ survey shows

Oct 2, 2023 | asia.nikkei.com | Shiori Goso

TOKYO -- The weak yen has improved business sentiment at Japanese companies, the Bank of Japan's latest quarterly Tankan survey showed Monday, with the overall mood boosted by a more favorable supply chain and an influx of tourists from abroad. The closely watched diffusion index among large manufacturers rose 4 points from the June survey to reach 9. Sentiment improved notably in the automotive industry.
Japan banks should shed 'middle-aged-man culture,' says think tank chair

Jul 29, 2023 | asia.nikkei.com | Shiori Goso

TOKYO -- Japanese banks facing stiff competition from the rise of fintech companies need to shed their "middle-aged-man culture" and create diverse, creative workplaces by tapping women, said Yuri Okina, who chairs the Japan Research Institute. Traditional institutions will need to both compete and cooperate with their upstart rivals, expanding into new services that add more value, Okina argues.