EghtesadOnline: European stocks advanced, poised to help draw a line under recent global equity declines, even as the region’s common currency strengthened. The dollar dropped after President Donald Trump’s State of the Union address offered few new clues on U.S. policy, and bonds gained as the Bank of Japan increased asset purchases.
EghtesadOnline: Bank of Japan Governor Haruhiko Kuroda pledged to forge on with very accommodative monetary policy as he warned that his inflation target remains distant and the current pace of growth in the world’s third-largest economy looks unsustainable.
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: 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: Japan's government upgraded its overall assessment of the economy on Wednesday, echoing the Bank of Japan's more upbeat view, in a sign the economy may be steadying.
EghtesadOnline: The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey.