Board keeps rate targets unchanged BOJ says economy 'picking up as a trend' Quarterly report warns of hit to services spending from crisis BOJ.
BOJ lifts next year’s growth forecast
LINGERING RISKS: The central bank plans to review its policy tools in March, with the aim of making them more sustainable as Japan braces for a prolonged COVID-19 battle
Reuters, TOKYO
The Bank of Japan (BOJ) yesterday kept monetary policy steady and revised upward its economic forecast for the next fiscal year, signaling that it has for now delivered sufficient stimulus to cushion the blow from the COVID-19 pandemic.
However, the central bank warned of escalating risks to the economic outlook as new state-of-emergency measures rolled out this month hit consumption and threatened to derail a fragile recovery.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/bank-of-japan-lifts/"></div>TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Thursday and upgraded its economic forecast for next fiscal year, but warned of escalating risks to the outlook as new coronavirus emergency measures threatened to derail a fragile recovery. BOJ Governor Haruhiko Kuroda said the board also discussed the bank’s review of its […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/bank-of-japan-lifts/"></div><! Add
Jan 18, 2021
A Bank of Japan policy review due in March is likely to result in tweaks, rather than any big changes, though more flexibility in the bank’s buying of equities is seen as a likely adjustment, according to economists.
About two-thirds of 44 analysts surveyed by Bloomberg said the assessment will yield no more than fine-tuning. Some 11% expect more drastic changes, while another 23% said the results are hard to predict.
BOJ Gov. Haruhiko Kuroda has a history of delivering surprises, so investors have been left guessing about what the policy assessment announced last month will deliver, if anything.
While Kuroda made it clear the bank is not considering any pullback on easing, he flagged the buying of exchange-traded funds and the mechanics of its yield-curve management as areas needing review.
2021-01-15 12:35:50 GMT2021-01-15 20:35:50(Beijing Time) Xinhua English
TOKYO, Jan. 15 (Xinhua) Japan s recent state of emergency over COVID-19 may lead the country s economy into a double dip , experts and media said.
Last Friday, an initial state of emergency took effect in Tokyo and the three adjacent prefectures of Chiba, Kanagawa and Saitama.
It was expanded in seven more prefectures including Osaka and Aichi on Wednesday, broadening the scope of the measure amid a resurgence of the pandemic across the country.
Under the state of emergency, people in the affected areas are asked to refrain from making unnecessary trips, and restaurants and bars are requested to close by 8:00 p.m.