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Showing 21 - 30 of 337 results for "BOJ"

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... the economy. So much so that Japan's consumer price inflation measures have U-turned away from the Bank of Japan's (BOJ) ever-so-elusive 2.0% target. The country's annual headline inflation rate weakened to 0.2% in April (from 0.4% in March) ...

Chief economist update: BOJ expands Enhancement of Monetary Easing

BENJAMIN ONG  |  TUESDAY, 28 APR 2020
The Bank of Japan (BOJ) added another monetary policy term to our vocabulary at its March 2020 meeting - Enhancement of Monetary Easing - as it tries to limit the economic fallout from the coronavirus. It had the same label for its expanded policy initiative ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
The Bank of Japan (BOJ) acted quickly in response to the coronavirus outbreak. In an emergency meeting on March 16, the Japanese central bank announced it would buy ETFs at an annual pace of ¥12 trillion, double its J-REIT purchases to ¥180 billion ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... BOE announced an emergency 15 bp rate cut to bring its rate to 0.1%. Also boosted QE program by £200B to a total of £645B. BOJ was back in the market today with unscheduled bond purchases and bought a record amount of ETFs... Central banks in Brazil ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... announced targeted required reserve ratio (RRR) cuts that it said will release 550 billion yuan (US$79B) of liquidity. The BOJ announced it would buy ¥200B (US$1.9B) of JGBs with maturities of five to ten years in an unscheduled move. It also said it ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... eligible loans. In addition, ECB banking supervision allowed banks to lower capital ratios... (Factset). The Bank of Japan (BOJ) is expected to follow its brethren when its Board meets next. Then there's the People's Bank of China and the politburo ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... off Japan's GDP growth for FY 2020-2021. It's therefore hardly surprising that financial markets widely expect the BOJ to announce an easing monetary policy very, very soon. But with its policy rate at negative 0.1% and targets the 10-year JGBs ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... 2000 down 2.1% -- may give other central banks (especially those that have already ran out of interest rate ammo like the BOJ and the ECB) expecting to "coordinate" policy responses, pause for thought. For as Fed chair Jerome Powell explained in his ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
... to a recession that takes the government debt-to-GDP ratio even higher (now at 238% of GDP) Worse, the Bank of Japan's (BOJ) scope to lower interest rates has become limited or is no more. The BOJ discount rate was around 0.5% before the consumption ...

Chief economist update: Coronavirus threatens Tokyo Olympics

BENJAMIN ONG  |  FRIDAY, 7 FEB 2020
... likelihood that Japan's Olympic hopes will be dashed - the 2020 Tokyo Olympics is set to commence on July 24. A Bank of Japan (BOJ) study, titled Economic Impact of the Tokyo 2020 Olympic Games, proclaimed that: "The government's target of 20 ...