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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month ago | 
bloomberg.com | Toru Fujioka |Sumio Ito
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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2 months ago | 
japantimes.co.jp | Toru Fujioka |Sumio Ito
The Bank of Japan is on course to finish offloading millions of dollars of stocks that it bought from beleaguered banks during the financial crisis two decades ago sooner than scheduled, a development that throws into focus the fate of its considerably larger holdings of exchange-traded funds. The book value of share holdings acquired by the BOJ stood at ¥52.8 billion ($345 million) as of Feb. 10, according to the latest BOJ report on its account.
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2 months ago | 
bloomberg.com | Toru Fujioka |Sumio Ito
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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2 months ago | 
japantimes.co.jp | Toru Fujioka |Sumio Ito
The Bank of Japan’s most hawkish board member Naoki Tamura has flagged the need for two or more interest rate hikes by early next year to contain upside risks for prices. "The short-term interest rate should be at the 1% level by the second half of fiscal 2025,” up from the current 0.5%, Tamura said Thursday in a speech to local business leaders in Nagano Prefecture.
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2 months ago | 
japantimes.co.jp | Toru Fujioka |Sumio Ito
The Bank of Japan is likely to keep raising its benchmark rate to a level exceeding the current market consensus, and there’s a chance two more moves could come this year on top of last month’s hike, according to a former executive director at the central bank. "My base view is that there is a lot more coming,” Hideo Hayakawa, the former director, said in an interview Tuesday.
