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BOJ Makes Bold Shift as Yen Risks Grow Too Big to Ignore

BOJ Makes Bold Shift as Yen Risks Grow Too Big to Ignore
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Insight: BOJ makes bold shift as yen risks grow too big to ignore

Insight: BOJ makes bold shift as yen risks grow too big to ignore
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

BOJ to keep ultra-low rates, may debate fine-tuning yield cap

As aggressive U.S. interest rate hikes look like they might be nearing an end, Japan's central bank faces its own tricky decision this week over whether it should take another step towards phasing out its controversial yield control programme. While inflation has held above the Bank of Japan's 2% target for more than a year, Governor Kazuo Ueda has vowed to keep ultra-loose policy until he is more convinced the economy can weather global headwinds and allow firms to keep hiking wages next year. At the two-day meeting ending on Friday, the BOJ is expected to maintain its yield curve control (YCC) targets at -0.1% for short-term interest rates and 0% for the 10-year bond yield.

Japan s core CPI rises 3 3% yr/yr in June

Japan s core consumer prices rose 3.3% in June from a year earlier, government data showed on Friday. The increase in the core consumer price index , which excludes volatile fresh food.

Japan s inflation may have peaked, no imminent change seen to BOJ policy

Japan s inflation may have peaked, no imminent change seen to BOJ policy
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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