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The Bank of Japan on Friday is set to project inflation will stay near its 2 per cent target in coming years and signal its readiness to raise interest rates from near-zero, in hope of keeping yen bears from pushing the currency to fresh 34-year lows. Recent threats of intervention by Japanese authorities have failed to arrest the yen's slide against the ...
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The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2 per cent in coming years, signalling its readiness to hike borrowing costs later this year. The central bank also stuck to its guidance made in March to keep buying government bonds around the current pace, dashing ...