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The yen weakened against the dollar after a summary of opinions from the Bank of Japan’s September meeting disappointed investors looking for signs that policymakers may be preparing for another move this month.
Tokyo, Sept. 28 (Jiji Press)--Calls to speed up interest rate hikes were expressed at the Bank of Japan's July 30-31 policy-setting meeting amid rising inflation risks, minutes showed on Monday. According to the minutes, a BOJ Policy Board member said that the risk of waiting could no longer be considered marginal. The member emphasized the need for the central bank to accelerate the pace o...
Japan’s two-year government bond yield is closing in on the key 2% threshold as investors ramp up bets on further Bank of Japan rate hikes.
Hedge funds slashed their bets on a stronger yen after the Bank of Japan held back from providing markets with definitive vows for higher interest rates.
Steven Englander, global head of G10 FX research at Standard Chartered Bank, citing the strength of the US dollar and uncertainty about future rate-hiking commitments from the Bank of Japan, says that he wants to bet against the yen “short-term.” (Source: Bloomberg)
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister; Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy; Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member; Martijn Rats, Morgan Stanley, Chief Commodities Strategist (Source: Bloomberg)
Tokyo, Sept. 18 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Friday that conditions for the central bank's monetary policy management have changed. "We don't assume a specific pace for further interest rate hikes," he told a press conference after the BOJ's decision earlier in the day to raise the policy interest rate by 0.25 percentage point to around 1.25 pct. It was the first int...
The yen dropped after the Bank of Japan’s decision to hike rates as a split vote sent bearish signals, strategists said. The Japanese currency fell as much as 0.5% after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.
Tokyo, Sept. 18 (Jiji Press)--The Bank of Japan decided to raise its policy interest rate by 0.25 percentage point to around 1.25 pct, the highest level in about 31 years, at a two-day meeting of its Policy Board that ended Friday. The last time the policy rate stood at 1.25 pct was back in April 1995. The board voted seven to two to implement its first interest rate hike in three months...
Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.
The yen fell against the dollar after the Bank of Japan lifted its policy rate by 25 basis points as expected.
The Bank of Japan is facing its toughest call in decades. With the yen sliding, volatility spiking and regional growth fragile, the stakes couldn't be higher. Anthony Stephens has more. (Source: Bloomberg)
Global bond yields retreated Thursday, calming a pressured market after the Federal Reserve’s rate hike and Chairman Kevin Warsh’s vow to tame inflation, while traders awaited Friday’s Bank of Japan decision.
The Federal Reserve faces mounting pressure to hike interest rates this week to tame elevated inflation, putting Chairman Kevin Warsh on a collision course with US President Donald Trump, who has repeatedly pressed the central bank to slash rates. Bloomberg MLIV's Mark Cranfield previews Wednesday's decision, and also what to expect from the Bank of England and Bank of Japan. (Source: Bloomberg)
Fukui, Sept. 10 (Jiji Press)--The Bank of Japan needs to raise interest rates further to "complete the normalization of monetary policy," Kazuyuki Masu, a member of the BOJ's Policy Board, said Thursday. Underlying inflation, which excludes temporary factors, remains below 2 pct but is "very close" to the BOJ's 2 pct target, he said in a speech in the central Japan city of Fukui. Noting ...
US Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting the yen, saying he has insight on what the Bank of Japan is going to do. He spoke at a Southern Methodist University event in Texas. (Source: Bloomberg)
Wall Street strategists are divided over whether the yen’s latest rally can last, even as the Bank of Japan leans toward raising its benchmark rate by a quarter point this month in response to mounting price pressures.
Japan’s five-year government bond auction drew slightly weaker demand than its 12-month average as investors turned cautious ahead of this month’s Bank of Japan meeting.
The yen held most of its gains Friday after advancing more than 2% on Thursday. A rush to unwind yen-funded carry trades helped send the currency to a one-month high against the dollar as traders ramped up bets on further Bank of Japan rate hikes. Bloomberg's David Savage reports. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
The Bank of Japan could raise interest rates at three consecutive meetings through December in an extreme scenario where yen weakness persists, according to Nomura Securities Co.
The Bank of Japan is leaning toward raising its benchmark interest rate by a quarter point this month in response to upward price risks, while leaving open the possibility of accelerating the pace of hikes thereafter, according to people familiar with the matter. Bloomberg's Skylar Montgomery Koning has more. (Source: Bloomberg)
Yen traders are on heightened alert for possible intervention around the Bank of Japan’s upcoming policy meeting, with a three-day holiday following the decision offering authorities an opportunity to act in thinner trading.