TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signaling an increasing focus on what comes after Kuroda’s tenure ends. Investors have continued to push up Japanese government bond (JGB) yields on expectations the BOJ will phase out…
BOJ Retains Easy Policy, Kuroda Shuns Chance of Near-Term Rate Hike
TOKYO—The Bank of Japan projected inflation would exceed its target this year in fresh forecasts issued on Thursday, but maintained ultra-low interest rates and signaled its resolve to remain an outlier in a wave of global central banks’ policy tightening. BOJ Governor Haruhiko Kuroda brushed aside the chance of near-term policy tightening, saying he had…
BOJ and Government Closely Coordinating on Foreign Exchange, Kuroda Says After Meeting PM
TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank hoped to respond appropriately on currency markets in close coordination with the government, issuing a fresh warning against recent sharp yen falls. “I told the prime minister that recent rapid yen moves were undesirable,” Kuroda told reporters after a meeting with Prime Minister…
Japan Government, Central Bank Reiterate Concern Over Sharp Falls in Yen
TOKYO—Tokyo is concerned about sharp falls in the yen currency and stands ready to “respond appropriately” if needed, Japan’s top government spokesperson said on Monday, issuing a fresh warning to markets. The remark echoed Friday’s joint statement by the government and central bank, but failed to avert a plunge in the yen to 135.22 against…
BOJ Kuroda Highlights Inflation as Risk to Japan’s Economy
TOKYO—Rising prices of daily necessities could hurt household sentiment, Bank of Japan Governor Haruhiko Kuroda said on Friday, suggesting that mounting inflationary pressure is emerging as a risk to the country’s fragile economy. Japan’s core consumer inflation rose 2.1 percent year-on-year in April, exceeding the central bank’s 2 percent target for the first time in…
BOJ’s Kuroda Vows Easy Policy, Warns of Economic Hit From Rising Import Costs
April 13, 2022
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TOKYO—Bank of Japan Governor Haruhiko Kuroda on Wednesday warned the recent rise in inflation driven by higher import costs could hurt the economy, stressing the central bank’s resolve to keep monetary policy ultra-loose. Consumer inflation is likely to clearly accelerate as energy prices rise sharply and companies steadily pass on higher raw material costs to…
BOJ Kuroda Tones up Warning on Weak Yen, Says Moves ‘Somewhat Rapid’
April 6, 2022
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TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid”, joining a chorus of policymakers who have warned that sharp falls in the currency could hurt the country’s import-reliant economy. The remark was the strongest warning by Kuroda on yen moves since the currency’s slide to a six-year…
BOJ Kuroda Vows to Keep Ultra-Easy Policy in Wake of ECB’s Hawkish Shift
TOKYO—The Bank of Japan must keep monetary policy ultra-loose as inflation remains well below that of other economies, Governor Haruhiko Kuroda said, brushing aside the view it could follow in the footsteps of more hawkish U.S. and European peers. Mounting inflation risks have prompted central banks across the globe, including the U.S. Federal Reserve and…
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