Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
Economists expect more interest rate hikes from Bank of Japan this year
Japan’s central bank has hiked interest rates as expected to a 17-year high as it continues on a path to normalise its monetary policy. On Friday (Jan 24), the Bank of Japan (BOJ) raised short-term rates by 25 basis points to 0.5 per cent, its highest level since the 2008 global financial crisis.
Strong inflation and PMI data bolster the case for a hawkish BoJ rate hike. Could narrowing US-Japan yield gaps send USD/JPY ...
Setting rates in Japan will become a delicate balancing act if tariffs materialize.
The move comes in line with expectations from CNBC’s survey, where an overwhelming majority of economists predicted a hike.
The BOJ hiked short-term lending rates by a quarter point to 0.5%, which had been already priced into money markets after ...
A weaker yen is a boon for Japanese exporters’ profits but can squeeze households by increasing import costs. News reports, including from Reuters, foreshadowed the Bank of Japan’s landmark ...
With markets fully pricing in an interest rate hike by the Bank of Japan (BoJ) on Friday, the head of Rengo – Japan’s largest ...
Japan's top currency diplomat Atsushi Mimura said on Tuesday a weak yen would push up inflation by boosting import costs, ...
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