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BOJ Sees Little Need to Change Basic Rate Hike Stance

3 weeks ago | bloomberg.com | Toru Fujioka |Sumio Ito

The Bank of Japan (BOJ) headquarters in Tokyo. (Bloomberg) -- Bank of Japan officials see little need to change their existing stance of gradually raising interest rates for now despite uncertainties stemming from US tariffs, according to people familiar with the matter. The BOJ officials see the Trump administration’s tariff campaign and retaliatory actions against the US as likely to weaken Japan’s economy and possibly delaying progress toward the bank’s price target, the people said.
BOJ Is Likely to Put Rate Hike Aside for Now, Ex-Official Says

1 month ago | bloomberg.com | Toru Fujioka |Sumio Ito

The Bank of Japan will probably leave aside raising interest rates for now due to uncertainties stemming from US tariff measures that could deal a blow to Japan’s economy, according to a former executive director. “They will be in a wait-and-see mode for a while,” Kenzo Yamamoto, the former executive, said in an interview Monday. “We don’t know if it’s really a 90 day pause, but the BOJ probably wants to see how the talks will proceed with US.”
BOJ Is Likely to Put Rate Hike Aside for Now, Ex-Official Says

1 month ago | news.bloombergtax.com | Toru Fujioka |Sumio Ito

The Bank of Japan will probably leave aside raising interest rates for now due to uncertainties stemming from US tariff measures that could deal a blow to Japan’s economy, according to a former executive director. “They will be in a wait-and-see mode for a while,” Kenzo Yamamoto, the former executive, said in an interview Monday.
Ex-board member who just left BOJ sees chance of May rate hike

1 month ago | japantimes.co.jp | Toru Fujioka |Sumio Ito

A former Bank of Japan board member who just finished his term said that unless U.S. tariffs trigger global market turmoil, the central bank could raise its benchmark rate at its next policy meeting, given Japan’s improving inflation dynamics. "I would probably vote for a rate hike at the May gathering if proposed,” Seiji Adachi said Wednesday in his first interview following the end of his five-year term last week.
Ex-Board Member Who Just Left BOJ Sees Chance of May Rate Hike

1 month ago | bloomberg.com | Toru Fujioka |Sumio Ito

A former Bank of Japan board member who just finished his term said that unless US tariffs trigger global market turmoil, the central bank could raise its benchmark rate at its next policy meeting, given Japan’s improving inflation dynamics. “I would probably vote for a rate hike at the May gathering if proposed,” Seiji Adachi said Wednesday in his first interview following the end of his five-year term last week. “It’s probably better to move now if the financial market is calm.”
Shift in BOJ stance favors free market functioning over intervention

2 months ago | japantimes.co.jp | Toru Fujioka |Sumio Ito

Bank of Japan officials see several reasons against intervening in the bond market even after benchmark yields hit the highest level since 2008, according to people familiar with the matter who have elaborated on the thinking behind recent remarks from Gov. Kazuo Ueda. Speaking in parliament Wednesday, Ueda indicated he has little problem with the recent rising yield trend, as it reflects the market’s view on Japan’s economy and inflation and shifts in interest rates overseas.
BOJ Is Said to Have Good Reasons to Oppose Bond Market Action

2 months ago | bloomberg.com | Toru Fujioka |Sumio Ito

Bank of Japan officials see several reasons against intervening in the bond market even after benchmark yields hit the highest level since 2008, according to people familiar with the matter, elaborating on the thinking behind recent remarks from Governor Kazuo Ueda. Speaking in parliament Wednesday, Ueda indicated he has little problem with the recent rising yield trend, as it reflects the market’s view on Japan’s economy and inflation and shifts in interest rates overseas.
BOJ’s next rate hike likely in June, former executive says

2 months ago | japantimes.co.jp | Toru Fujioka |Sumio Ito

The Bank of Japan will probably wait until the middle of the year before raising interest rates again as it looks to maintain a pace of one hike every six months despite recent market speculation of an earlier move, a former central bank official said. "June is the favored option in my base case,” Kazuo Momma, a former executive director in charge of monetary policy at the BOJ, said in an interview Monday.
BOJ’s Next Rate Hike Is Likely in June, Former Executive Says

2 months ago | bloomberg.com | Toru Fujioka |Sumio Ito

The Bank of Japan will probably wait until the middle of the year before raising interest rates again as it looks to maintain a pace of one hike every six months despite recent market speculation of an earlier move, a former BOJ official said. “June is the favored option in my base case,” Kazuo Momma, former executive director in charge of monetary policy at the central bank, said in an interview Monday.
BOJ’s Next Rate Hike Is Likely in June, Former Executive Says

2 months ago | ca.finance.yahoo.com | Toru Fujioka |Sumio Ito

(Bloomberg) -- The Bank of Japan will probably wait until the middle of the year before raising interest rates again as it looks to maintain a pace of one hike every six months despite recent market speculation of an earlier move, a former BOJ official said.