Search ResultsShowing 1 - 10 of 100+ results for "BOJ"
Chief economist update: Cash splash
BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... 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 ...
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
... 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 ...
Chief economist update: A busy 2020 for Abe, BOJ
BENJAMIN ONG  |  TUESDAY, 14 JAN 2020
The world economy would advance by 2.5% this year, a tad stronger than the "post-crisis low" of 2.4% estimated for 2019. This is the World Bank's prediction contained in its January 2020 'Global Economic Prospects' report, noting that: "While ...
Chief economist update: Stock rally heralds 2020 cheer
BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
... England (BOE) maintained its accommodative stance and the government pledged increased fiscal stimulus and the Bank of Japan (BOJ) may have done nothing all year but it promised to act (if it becomes necessary). Even our very own Reserve Bank of Australia ...
Chief economist update: Weaker yen strengthening Japan
BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
... underwriting improved growth in the Japanese economy, the yen's depreciation should help in the Bank of Japan's (BOJ) efforts to bring inflation up to its 2% target. Look ma, no hands! "Merkurisumasu, soshite, akemashite omedet?!" It's a ...
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