JN BOJ Policy Rate
It's an important driver of risk appetite - lower interest rates decrease borrowing costs. Reduced costs to borrow will spur investment spending;
Source does not give an exact release time - this event will be listed as 'Tentative' until the rate is announced. This rate is currently the BOJ's main operating target. Source first released in Jan 2016;
- JN BOJ Policy Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Jul 30, 2024 | <0.25% | <0.10% | <0.10% |
| Jun 13, 2024 | <0.10% | <0.10% | <0.10% |
| Apr 25, 2024 | <0.10% | <0.10% | <0.10% |
| Mar 18, 2024 | <0.10% | -0.10% | -0.10% |
| Jan 22, 2024 | -0.10% | -0.10% | -0.10% |
| Dec 18, 2023 | -0.10% | -0.10% | -0.10% |
| Oct 30, 2023 | -0.10% | -0.10% | -0.10% |
| Sep 21, 2023 | -0.10% | -0.10% | -0.10% |
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- JN BOJ Policy Rate News
From money.usnews.com|Aug 30, 2024Core inflation in Japan's capital accelerated for a fourth straight month in August, data showed on Friday, tracking comfortably above the central bank's 2% target and backing market expectations of more interest rate hikes ahead. The Tokyo core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.4% in August from a year earlier, faster than a median market forecast of 2.2% and the 2.2% gain in July. A separate index that strips away the effects of both fresh food and fuel costs, closely watched by the BOJ as ...
From boj.or.jp|Jul 30, 2024|8 commentsAt the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided by a 7-2 majority vote, to set the following guideline for money market operations for the intermeeting period: 1. The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent. 2. Regarding the reduction of its purchase amount of Japanese government bonds (JGBs), the Bank decided, by a unanimous vote, on a plan to reduce the amount of its monthly outright purchases of JGBs so that it will be about 3 ...
From channelnewsasia.com|Jul 30, 2024The Bank of Japan is expected to detail plans to taper its huge bond buying on Wednesday and debate whether to raise interest rates, signalling its resolve to steadily unwind a decade of massive monetary stimulus. The decision comes as the U.S. Federal Reserve looks to cut interest rates, possibly as early as September, reversing an aggressive rate-hike cycle that drove up the dollar and caused a painful yen sell-off for Japan. At the two-day meeting ending on Wednesday, the BOJ will decide on a quantitative tightening (QT) plan that ...
From zerohedge.com|Jul 30, 2024With gamma 'unclenched' (and now solidly negative), markets have been free to roam.. chart And today saw more downward pressure as trader anxiety built ahead of the major macro catalysts and the fact that approximately 40% of the S&P 500 is expected to report this week across all sectors making it the biggest and perhaps one of the most important weeks of earnings this season. Nasdaq was the biggest loser (again) today with Small Caps and The Dow managing gains (as tech weighed on the S&P 500 too). The last few minutes of the ...
From @DeItaone|Jul 30, 2024|16 commentspost:
BOJ BOARD MEMBERS TO DISCUSS RAISING RATES TO 0.25%: NHKBank of Japan to consider additional interest rate hike, including raising interest rates to around 0.25% The Bank of Japan will hold its second day of monetary policy meetings on the 31st. As policy committee members are increasingly of the opinion that prices are rising in line with expectations, they will consider and make a final decision on further interest rate hikes. The Bank of Japan will hold its second meeting on the 31st, where the nine policy committee members will discuss the policy direction for the near future. Governor Ueda has indicated that if the underlying inflation rate rises steadily toward the target of 2%, an additional interest rate hike will be implemented, but many committee members are believed to be of the view that prices are rising in line with the outlook. Some committee members are of the opinion that the risk of a weak yen pushing up prices should be closely watched, and according to sources, the Bank of Japan plans to consider an additional interest rate hike at the meeting on the 31st.
From bnnbloomberg.ca|Jul 28, 2024|2 commentsInvestors begin the week desperate for answers to questions about the near-term path of global monetary policy after conflicting signals from key economies upended markets. Major central banks are set to meet in Tokyo and Washington on Wednesday and London on Thursday, with traders struggling to decide if the Bank of Japan will hike interest rates and then when and by how much the Federal Reserve and Bank of England will cut them. At stake are recent surges in the yen and pound, as well as the decline of short-term US Treasury ...
From xm.com|Jul 26, 2024The Bank of Japan has barely left the headlines lately. Whether it’s speculation about rate hikes, the constant hints about bond tapering or suspicions of intervention in foreign exchange markets, Governor Ueda has certainly been making his mark since taking over. Next week’s gathering on July 30-31 looks set to give the bank more prime airtime as policymakers have already flagged that a decision will be made at this meeting on how much to reduce bond purchases by. Reuters has reported that the current monthly purchases of six ...
From forex.com|Jul 26, 2024To think this time last week, Joe Biden was still running for reelection. But my hunch that he’d pull out of the race over the weekend played out, and Kamala has taken his spot. It may not be a radical overhaul where policies are concerned, but it has certainly brought the Democrat’s prospects for maintaining power back from the brink of death. From a market perspective, it means Trump is no longer a ‘walk in’ President, and political headlines from the US are no longer driving sentiment for now. Thankfully, we have intertest rate ...
| Upcoming release on Sep 19, 2024 |
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| Released on Jul 30, 2024 |
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