Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating the nine-member board must debate and sign off on rate decisions at each policy meeting.
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The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
The Bank of Japan raised its key interest rate from 0.25% to 0.5% due to inflation reaching the desired 2% target. Consumer prices and wages show cont
Tokyo, Jan 24 (AP) The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. The decision by the central bank came at the end of a two-day policy board meeting in Tokyo.
Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of their early gains after a survey of manufacturers showed export orders dropping to a five-month low.
Asian markets fluctuated today on fresh trade fears after Donald Trump’s decision to impose huge tariffs on Colombia, in retaliation for its refusal
After the BOJ caught markets off guard with December's decision, Governor Kazuo Ueda flagged uncertainty over U.S. economic policy ahead of Donald Trump's return as president as a key reason it had refrained from raising rates. Considered dovish, Ueda's comments pushed down market pricing of January action to 46% from 70%.
U.S. stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.
Japan's central bank raised interest rates to their highest since the 2008 global financial crisis and revised up its inflation forecasts.
NEW YORK — U.S. stocks pulled back from their all-time high on Friday as they closed out a second straight winning week . The S&P 500 slipped 0.3% a day after setting a record. The Dow Jones Industrial Average dipped 140 points, or 0.3%, and the Nasdaq composite sank 0.5%.
After a week of focus on U.S. politics following President Trump’s inauguration, focus switches back to monetary policy, with an interest-rate decision due by the Fed as well as the ECB.