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Bank of Japan holds rates in first meeting after 'Abenomics' proponent Takaichi's ascent to prime minister
Japan’s central bank on Thursday kept benchmark interest rates steady at 0.5% in its first meeting after Sanae Takaichi took power as the country’s prime minister earlier this month. The decision was in line with expectations from economists polled by Reuters, and comes even as inflation has stayed above the central bank’s 2% target for 41 months in a row. U.S. Treasury Secretary Scott Bessent on Monday met with Satsuki Katayama, the new finance minister in the Takaichi administration, and appeared to take aim at Tokyo over the yen’s weakness, even commenting on the country’s monetary policy. In a statement ... (full story)
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atillaken
Oct 29, 2025 9:06pm
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atillaken
Oct 29, 2025 11:21pm
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LT51
Oct 29, 2025 9:32pm
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LT51
Oct 30, 2025 4:47am
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From channelnewsasia.com | Oct 30, 2025
The Bank of Japan kept interest rates steady on Thursday but repeated its pledge to continue increasing borrowing costs if the economy moves in line with its projections, shifting investor focus to the prospect of a hike as soon as December. While the central bank roughly maintained its long-term forecasts, it elaborated on overseas risks that may hurt ...
At the Monetary Policy Meeting held today, the Policy Board of the Bank ofJapan decided, by a 7-2 majority 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 0.5 percent. Voting for the action: UEDA Kazuo, HIMINO Ryozo, UCHIDA Shinichi, NOGUCHI Asahi, NAKAGAWA Junko, KOEDA Junko, and MASU Kazuyuki. Voting against the action: TAКАТА Hajime and TAMURA Naoki. Takata Hajime considered that there had been a shift away from the deflationary norm and the price stability target had been more or less achieved. Tamura Naoki considered that, with risks to prices becoming more skewed to the upside, the Bank should set the policy interest rate a little closer to the neutral rate. They proposed that the Bank set the guideline for money market operations as follows: the Bank would encourage the uncollateralized overnight call rate to remain at around 0.75 percent. The proposals were defeated by majority votes. BOJ BOARD MEMBERS TAKATA, TAMURA DISSENTED TO DECISION ON RATES BOJ BOARD MEMBERS TAKATA, TAMURA PROPOSED RAISING SHORT-TERM INTEREST RATE TARGET TO 0.75% FROM 0.50% PROPOSALS BY TAKATA, TAMURA TURNED DOWN BY MAJORITY VOTE BOJ'S TAKATA CONSIDERED THERE HAD BEEN A SHIFT AWAY…
The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is coming in December. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to the rate ...
