The BoJ also said it would sell financial assets it had previously acquired to keep rates lower -- including exchange-traded funds -- marking a new phase of its monetary tightening policy
The standoff over Fed policy, pitting Trump’s strident calls for lower borrowing costs against Chair Jerome Powell’s concerns about tariff-driven inflation, hangs over the meeting
Bond yields rose on the data, as markets factor in the chance that the Bank of Japan (BOJ) could hike interest rates more aggressively than initially thought as inflationary pressure mounts
The Mexican peso and Canadian dollar were on guard ahead of a looming Feb. 1 deadline which U.S. President Donald Trump has said would be the date he imposes 25% tariffs on imports from the two countries.
Prime Minister Shigeru Ishiba’s government nominated female economist Junko Koeda to replace Seiji Adachi on the BOJ policy board, according to a statement distributed by a parliamentary committee Tuesday.
The central bank has signaled that more interest rate raises may be coming, while stressing it plans to be extremely cautious to make sure the economy holds steady.
Markets see a 95% chance that the BOJ will raise rates on Friday after policymakers last week left a hike on the table and US President Donald Trump's inauguration passed without upending financial markets
Speaking at a gathering of regional bank executives, Kazuo Ueda said the central bank will raise rates if improvements in the economy and prices continue
From Israel's airstrike on a Hezbollah rocket facility to Sheinbaum's trade truce with Trump, and Canada's lawsuit against Google, here's a look at some of the major developments from across the world.
Ueda's comments on the U.S. economy and markets have come under scrutiny after he recently highlighted uncertainty over a U.S. "soft landing"
The sell-side consultancy led by the famed economist and investment strategist then proposed a reason for this odd market behaviour
Governor Kazuo Ueda must take control of the narrative and show that the central bank has agency
Minutes from the latest Fed policy meeting showed several officials acknowledged a plausible case for cutting rates, before the central bank voted to keep them steady.
Bank of Japan raised its benchmark interest rate to 0.25% on July 31 while also unveiling plans to halve the pace of its monthly bond buying by the first quarter of 2026.
The global market sell-off was especially severe in Japan, South Korea, and Taiwan, with each of these equity markets witnessing record single-day declines.
As uncertainty and volatility in financial markets surged, investors sought to reduce exposure to risky assets, including those financed through carry trades.
Japan’s equity benchmarks slid more than 20% from record highs reached last month as investor confidence crumbled from the surge in the yen, tighter monetary policy
From the Bank of England's rate cut and Amazon's revenue slip to Apple's earnings beat and Intel's stock dive, here's a look at recent business developments around the world.
At its two-day policy meeting, the central bank said it would continue to buy government bonds at the current pace. But it decided to come up with a specific plan to trim purchases for the next one to two years, at a subsequent policy-setting meeting in July.
From Bank of Japan's policy plans, Honda setting up an EV epicenter to tech behemoths beating revenue estimates — here are some of the major developments from across the world
From CVC Capital's IPO plans and Lufthansa's revised earnings forecast to China's GDP growth, here's are some of the major headline from across the world.
From warnings of disappointing growth in eurozone, Fidelity International's layoffs to Japan's rate hike, here's a look at some of the major developments from across the world
The Bank Of Japan heralded a new era as it shifted away from years of ultra-easy monetary policy. It raised its short-term interest rates to around 0% to 0.1% from -0.1%. The Central bank also abandons yield-curve control policy, though it pledged to continue its purchases of Japanese government bonds as before. The Japanese yen weakened to as much as 149.92 against the greenback, while the Nikkei stock index swung between gains and losses following the BOJ decision.
While the carry-trade strategy is popular with forex traders, it is also used by fund managers who deal in equities and commodities, and bonds.
Central bank becomes world’s last to unwind ultra-loose monetary policy after signs of lasting end to decades of deflation