THE Bank of Japan, after clearly signalling last week’s interest rate hike, may return to its accustomed fuzzy guidance about central bank policy to maintain flexibility when it eventually begins to consider how much tightening is enough.
The Bank of Japan, after clearly signalling last week's interest rate hike, may return to its accustomed fuzzy guidance about central bank policy to maintain flexibility when it eventually begins to consider how much tightening is enough.
Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating the nine-member board must debate and sign off on rate decisions at each policy meeting.
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In a widely anticipated move, the Bank of Japan on Jan. 24 raised its short-term policy rate to 0.50% from 0.25%. Read more here.
The Bank of Japan hiked interest rates on Friday ... in recent months following Trump's election and bets the Federal Reserve will slow down its interest rate cut campaign this year.
Setting rates in Japan will become a delicate balancing act if tariffs materialize.
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
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Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate.
The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump's tariff plans at the start of a week in which the Federal Reserve is widely expected to hold interest rates steady.
Asian markets were mixed as traders seemed cautious ahead of the monetary policy decisions from the US Fed and the European Central Bank later in the week. The Australian stock market is closed on Monday in observance of Australia Day,
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