EghtesadOnline: The Bank of Japan is set to keep monetary settings unchanged on Friday and reassure markets it will lag way behind the Federal Reserve in dialing back its massive stimulus program, with inflation stubbornly low despite a strengthening economy.
EghtesadOnline: Asian stocks were mostly lower after a five-day rally as the Bank of Japan cut its inflation forecast while keeping stimulus unchanged, and investors assessed a plan to overhaul U.S. taxes.
EghtesadOnline: Bank of Japan Governor Haruhiko Kuroda said there is "no reason" to raise the bank's bond yield targets now with inflation so far from its 2 percent target, offering his strongest denial to date of the chance of withdrawing its massive stimulus any time soon.
EghtesadOnline: Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a week of central bank policy decisions from Japan to the U.S. Oil slid for a sixth straight day.
EghtesadOnline: Governor Haruhiko Kuroda once chuckled that the Bank of Japan had only gobbled up half as much in government bonds as the Bank of England once did. It soon won’t be a laughing matter.
EghtesadOnline: Bank of Japan Governor Haruhiko Kuroda said on Friday U.S. economic growth and inflation may accelerate in coming years, which may push up interest rates and the value of the dollar.
EghtesadOnline: Bank of Japan Governor Haruhiko Kuroda defended his yield curve control policy on Monday, saying it had kept Japan's long-term interest rates from joining the uptrend in global yields and was helping the economy overcome stagnation.
EghtesadOnline: The Bank of Japan is likely to keep monetary policy steady and give a more upbeat view of the economy on Tuesday, reinforcing market expectations that its future policy direction could be an increase - not a cut - in interest rates.
EghtesadOnline: Bank of Japan Governor Haruhiko Kuroda said on Monday the economy is sustaining momentum towards hitting the central bank's 2 percent inflation target but risks are tilted to the downside due to uncertainty over the global economy.
EghtesadOnline: A majority of Bank of Japan policymakers believe it could take time for inflation expectations to firm, underscoring lingering doubts on how effective the BOJ's new policy framework would be in achieving its ambitious 2 percent price target.