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BoJ member says swift action needed if COVID-19 delays economic recovery

TOKYO — Bank of Japan (BoJ) board member Makoto Sakurai said on Wednesday the central bank must take “swift and appropriate” action if the coronavirus shock delays the country’s economic recovery.

BoJ loan program risks revival of ‘zombie’ firms

THE BANK OF Japan’s (BoJ) loan programs to help businesses ride out the recession run the risk of creating more zombie companies if they are kept in place for too long, analysts warn.

Pandemic may push Japan banks’ credit costs to crisis levels —...

TOKYO -— Japanese financial institutions may see credit costs balloon to levels hit during the global financial crisis if a resurgence in coronavirus infections hammer the economy, Bank of Japan (BoJ) board member Hitoshi Suzuki said.

BoJ pumps $30 billion through 3-month dollar operation, largest since 2008

TOKYO — The Bank of Japan (BoJ) pumped $30.272 billion into markets on Tuesday with an 84-day dollar funding operation, its first after global central banks agreed this week to offer three-month credit to ease funding constraints amid the coronavirus crisis.

Risk of recession forces BoJ to row back on 2% inflation...

TOKYO — The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan (BoJ) to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say.

Receding risks may give BoJ room to tweak guidance

TOKYO — The Bank of Japan (BoJ) could consider watering down later this year its commitment to keep or cut its rock-bottom interest rates, if pessimism over the global outlook continues to recede, sources say.

Bank of Japan stands pat on rates, raises economic growth forecasts

THE BANK OF Japan (BoJ) took a brighter view of the economy and left its main policy settings unchanged Tuesday, offering a further indication that it is unlikely to add to its stimulus.

BoJ’s negative rate policy has not boosted economy, prices — Reuters...

TOKYO — The Bank of Japan’s (BoJ) negative interest rate policy has had little positive impact on the economy and prices, over half of economists surveyed by Reuters said.

BoJ to keep policy steady, raise outlook

TOKYO — The Bank of Japan (BoJ) is expected to keep monetary policy steady next week and nudge up its economic growth forecast, as the US-China trade deal and de-escalation in Middle East tensions take some pressure off the central bank for more stimulus.

BoJ’s next move to dial back stimulus

TOKYO — The Bank of Japan’s (BoJ) next move will be to dial back its massive stimulus, according to an increasing number of analysts polled by Reuters, reflecting receding market expectations of imminent monetary easing by the central bank.

Bank of Japan seen staying on hold this week after Abe...

THE Bank of Japan (BoJ) will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey.

BoJ expects sizable impact from Abe’s stimulus package

BANK OF JAPAN (BoJ) officials see a sizable impact from government stimulus announced last week, raising the likelihood that the bank will upgrade its economic forecasts for the first time in a year next month, according to people familiar with the matter.

BoJ’s Sakurai sets high bar for more easing

KOBE, Japan — Japan’s central bank can hold off expanding stimulus for now as robust domestic demand offsets the hit to exports from overseas risks, its board member Makoto Sakurai said, suggesting no additional easing was likely in the near term.

BoJ can still deepen rates, within limits

TOKYO — The Bank of Japan (BoJ) has room to deepen negative interest rates, Governor Haruhiko Kuroda said on Tuesday, but he signaled there were limits to how far it can cut rates or ramp up stimulus.

BoJ debated whether to boost stimulus

TOKYO — Bank of Japan (BoJ) policy makers debated whether extra easing measures were needed to hit the central bank’s inflation target at its last policy meeting, a summary of opinions showed on Monday, as heightened risks threatened a fragile economic recovery.

BoJ debated feasibility of more easing in September

TOKYO — Bank of Japan (BoJ) board members debated the feasibility of ramping up stimulus at their September rate review, with some calling for the need to start brainstorming ideas to top up monetary support, minutes of the meeting showed on Wednesday.

BoJ keeps policy steady

TOKYO — The Bank of Japan (BoJ) kept monetary policy steady on Thursday as expected but offered a stronger signal it may cut interest rates in future, underscoring its concern that overseas risks could derail the country’s fragile economic recovery.

Bank of Japan’s need for major move still unclear amid review

BANK OF JAPAN Governor Haruhiko Kuroda’s call in September for a review of how its mission to stimulate price growth could be threatened by the global slowdown spurred speculation that October would be the month for policy action.

Economists see BoJ easing this month, deeper negative rates

TOKYO — The Bank of Japan (BoJ) is laying the groundwork for deepening negative interest rates, analysts polled by Reuters said, with two-thirds of respondents expecting the central bank to loosen monetary policy this month.

BoJ board debated near-term stimulus in Sept.

TOKYO — Bank of Japan (BoJ) policy makers debated the feasibility of ramping up stimulus in the near future when they met for a rate review in September, a summary of their opinions showed on Monday, as intensifying overseas risks cloud the economic outlook.

BoJ’s dilemma spurs speculation

JAPAN’S CENTRAL BANK, long a pioneer in pushing the envelope of monetary policy in its campaign to stimulate the economy, may yet add to its record of innovation.

BoJ board member calls for preemptive monetary easing

HAKODATE — Bank of Japan (BoJ) board member Goushi Kataoka advocated a preemptive further easing in monetary policy, warning of risks to the inflation outlook and the pain spreading through the economy from the bitter US-China trade war.

BoJ policy maker sees danger from more easing, in signal of...

KUMAMOTO, Japan — A Bank of Japan (BoJ) board member warned of potential dangers if the central bank’s already massive stimulus is ramped up, a view suggesting there is no consensus on how quickly it should ease policy again to head off the risk of recession.

BoJ keeps policy steady, hints at more easing if inflation sputters

TOKYO — The Bank of Japan (BoJ) held off on expanding stimulus on Tuesday but signaled its readiness to do so “without hesitation,” if a global slowdown jeopardizes the country’s economic recovery.

Tightening to end as central banks sound retreat

THE ERA of quantitative tightening by major central banks is proving to be short-lived.

Bank of Japan’s next move to be more easing: Reuters poll

TOKYO — Expectations have risen sharply that the Bank of Japan’s (BoJ) next policy move will be to ease further, a Reuters poll of economists found, as the US Federal Reserve looks set to cut interest rates this month for the first time in over a decade.

Central banks studying Japan’s yield controls in search for tools

TOKYO /WASHINGTON/FRANKFURT — Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including US Federal Reserve officials grappling with how to bolster their options as prospects for the global economy darken.

BoJ debated cost of easing in clarifying rate guidance

TOKYO — Bank of Japan (BoJ) policy makers debated the need to be vigilant over the rising cost of prolonged monetary easing when they adopted in April a pledge to keep ultra-low interest rates for at least a year, minutes of their rate review showed.

Bank of Japan holds fire, joins Fed in warning of rising...

TOKYO — The Bank of Japan (BoJ) kept monetary policy steady on Thursday, preferring to save its dwindling ammunition as a darkening global growth outlook prompts other major central banks to drop hints of additional stimulus.

BoJ set to debate rising overseas economic risks

TOKYO — Bank of Japan (BoJ) Governor Haruhiko Kuroda said the central bank will “certainly” debate heightening overseas risks at a rate review this week, underscoring concerns among policy makers about the economic fallout of a US-China trade war.

Bank of Japan to stand pat despite trade war and dovish...

TOKYO — The Bank of Japan (BoJ) is expected to maintain its massive stimulus program on Thursday and signal its readiness to ramp up monetary support if growing risks such as the escalating US-China trade war threaten the economy’s modest expansion.

Kuroda says BoJ has enough ammunition for monetary stimulus, wary of...

THE BANK of Japan (BoJ) can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system, said Governor Haruhiko Kuroda.

BoJ policy maker warns against ‘reckless’ easing

SHIZUOKA, Japan — Bank of Japan (BoJ) policy maker Makoto Sakurai on Thursday warned against “recklessly” ramping up stimulus just to prop up prices, blaming soft inflation on structural factors that were positive for the economy.

Wakatabe extols benefits of loose monetary policy

TOKYO — Bank of Japan (BoJ) Deputy Governor Masazumi Wakatabe said he saw the benefits of ultra-loose monetary policy still outweighing the costs, signalling his preference for maintaining a massive stimulus program to prop up inflation to the central bank’s target.

BoJ to debate easing exit at right time, Kuroda says

TOKYO — Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Monday the central bank would debate and communicate at an appropriate timing an exit plan from its ultra-loose monetary policy.

Bank of Japan may resort to more quantitative easing if yen...

THE BANK OF Japan (BoJ) may resort to its least preferred tool to expand stimulus next time the yen jumps: more government bond purchases.

BoJ’s Kuroda calls for vigilance to cost of unconventional easing

TOKYO — Bank of Japan Governor Haruhiko Kuroda said on Thursday central banks must carefully evaluate the impact of unconventional monetary policy steps, as their benefits and side-effects could differ from those brought about by conventional policy.

BoJ to cut price forecasts, keep rosy economic view

TOKYO — The Bank of Japan (BoJ) is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2% target.

BoJ divided over effects of easy policy — minutes

TOKYO — Bank of Japan (BoJ) policy makers disagreed on the feasibility of allowing bond yields to move more flexibly around the central bank’s zero percent target, reflecting division within the board on how to address the growing dangers of prolonged easing, minutes of their October rate review showed on Wednesday.

Japan bond exodus fears overblown, regional banks say

GLOBAL BOND markets may have less to worry about from an all-out Japanese exodus. The yields on Japan’s benchmark bond are still too low to tempt regional lenders to switch investments back home, even after the central bank permitted a higher trading range, according to managers and traders at the companies.

The 1% threat in Japan that has global bond markets on...

With investor attention firmly on the spike in the Japanese 10-year yield this week, officials at the US Treasury and France’s Agence France Trésor,...

Kuroda urges tariff restraint, eyes stable currency

BUENOS AIRES — Bank of Japan (BoJ) Governor Haruhiko Kuroda issued a plea on Saturday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone’s benefit.

BoJ should continue powerful easing, guard vs side effects

TOKYO — Bank of Japan policy makers said the central bank should “patiently continue” its powerful monetary easing but attention must be paid to the potential side effects of prolonged easy policy, a summary of opinions at the June review showed.

Bank of Japan keeps policy steady

TOKYO – The Bank of Japan kept monetary policy steady and roughly maintained its ambitious price forecasts on Tuesday, pointing to signs of growing...