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BOJ Statement on Monetary Policy
At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided, unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent. Japan's economy has recovered moderately, although some weakness has been seen in part. Overseas economies have grown moderately on the whole. Exports and industrial production have been more or less flat. With corporate profits improving, business fixed investment has been on a moderate increasing trend. The employment and ... (full story)
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Bank of Japan leaves rates unchanged, as widely expected
Bank of Japan current short-term rate is 0.25%. • Japan's economy recovering moderately, albeit with some weaknesses. • Inflation expectations heightening moderately. • Inflation likely to be at level generally consistent with BOJ's price target in second half of our 3-year projection period through fiscal 2026. • Consumption rising moderately as a trend. • Japan's economy likely to achieve growth above potential. • Must be vigilant to impact of financial, fx market moves on Japan's economy, prices. • Impact of FX volatility on prices has become larger than in the past.
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BOJ keeps interest rates steady, sticks to upbeat economic view
The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery. In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25 per cent by a unanimous vote. BOJ Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the decision. The BOJ ended negative interest rates in March and raised its short-term policy rate to 0.25 per cent in July on the view that the likelihood of inflation sustainably hitting its 2 per cent target was heightening.
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Japan's Nikkei jumps 2% on Wall Street's lead; BOJ decision looms
Japan's Nikkei share average jumped more than 2% in the morning session on Friday, tracking overnight gains on Wall Street, while traders also kept a wary eye ahead of the Bank of Japan's (BOJ) policy decision later in the day. The tech-heavy Nikkei was up 2.05% at 37,915.87, as of 0156 GMT, with chip-sector stocks rallying in line with US equities' upbeat moves overnight. Shares of chip-making equipment giant Tokyo Electron soared 5.8% on Friday. A weaker yen also provided support to Japanese equities, as it boosts the value of overseas revenues among the country's many heavyweight exporters. Toyota Motor advanced ... (full story)
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Bank of Japan holds interest rate in September, as expected
The Bank of Japan (BoJ) announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, following the conclusion of its two-day monetary policy review meeting. The decision aligned with the market expectations. In July, the BoJ surprised markets by raising the policy rate by 15 basis points (bps) from the range of 0%-0.1% to 0.15%-0.25%. The bank also outlined a plan to taper its monthly outright purchases of Japanese government bonds (JGB) to about JPY3 trillion per month in the first quarter of 2026. Summary of the BoJ policy statement BoJ makes decision on interest rate by unanimous ... (full story)
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