The Bank of Japan (BoJ) has decided to keep its interest rates below zero, and thus is the only major economy to do so while other key central banks raise interest rates in a bid to curb inflation. Since 2016, Japan’s central bank has maintained its key interest rate at negative 0.1 percent. On Oct….
Japan Remains the Only Major Economy to Maintain Negative Interest Rates
October 28, 2022
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BOJ’s Kuroda Weighs in to Warn Against ‘Rapid’ Yen Moves
TOKYO—Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency’s recent sharp drop to 24-year lows. “Sharp currency moves are undesirable as they destabilize corporate business plans and heighten uncertainty,” Kuroda told…
Bank of Japan Governor Kuroda Says Japan Inflation to Stay Around 2 Percent for a Year
TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday the country’s core consumer inflation will likely remain around the central bank’s 2 percent target for 12 months unless energy prices drop sharply. But he told parliament that prices likely would not rise “sustainably and stably” unless accompanied by wage hikes, suggesting the recent increase…
BOJ’s Kuroda Says Yen’s ‘Quite Sharp’ Moves May Hurt Businesses
TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the yen’s recent moves had been “quite sharp” and could hurt companies’ business plans, offering his strongest warning to date of the risks stemming from the currency’s depreciation. Kuroda said there was no change in his assessment that, overall, a weak yen was good for the…
BOJ’s Kuroda Warns Weak Yen Hurting Households More Than Before
December 23, 2021
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TOKYO—A weak yen may be hurting Japanese households more than in the past, as the country’s increasing reliance on more expensive raw material imports pushes up the cost of living, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday. Kuroda’s remarks are the most direct acknowledgment to date of the potential disadvantages of a…
BOJ’s Kuroda: Too Early to Consider Normalising Monetary Policy
December 20, 2021
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TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday it was too early to consider normalizing monetary policy, bolstering the view that the Japanese central bank would lag behind other central banks in dialing back monetary stimulus. Kuroda made the remark as the Bank of England last week became the first G7 central bank to…
Pledging to Retain Stimulus, BOJ’s Kuroda Projects Inflation Near 1 Percent Mid-Next Year
November 15, 2021
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TOKYO—Bank of Japan Governor Haruhiko Kuroda expects inflation to accelerate to around 1 percent in the first half of next year as the economy recovers to pre-coronavirus levels, pledging to maintain ultra-easy policy in hopes of a consumption-driven recovery. With inflation still short of its 2 percent target, the BOJ will maintain its “powerful” monetary…
BOJ Kuroda Vows to Keep Easy Policy on Weak Consumption, Inflation
TOKYO—Bank of Japan Governor Haruhiko Kuroda on Thursday stressed the bank’s readiness to maintain massive stimulus, as the fallout from the pandemic weighs on consumption and keeps inflation distant from its 2 percent target. Kuroda said the world’s third-largest economy is expected to show clearer signs of recovery as robust corporate profits and capital expenditure…
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