THE Bank of Japan (BOJ), after clearly signalling last week ... That shift to clearer guidance, an approach that the US Federal Reserve used in August to signal a policy shift, may prove temporary. Japanese policymakers fear being led by the markets ...
Despite limited developments that would justify a policy shift since December, Japan's central bank nevertheless went ahead to raise interest rates.
Recent data show Japanese workers are gaining better wages and are generally set to receive solid pay raises in their upcoming annual union negotiations
The Bank of Japan holds its first policy meeting of the year next week and the outcome will be announced days after the inauguration of U.S. President-elect Donald Trump.
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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.
Wall Street stocks retreated Friday as the market's latest rally lost steam, while the yen pushed higher after the Bank of Japan lifted interest rates. In Japan, Tokyo's stock market dropped and the yen rallied after the Bank of Japan lifted borrowing costs to their highest level since 2008 and flagged further increases in the pipeline.
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S. futures edged lower and oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude,
The US dollar index has pulled back in the last two weeks after soaring to a multi-year high earlier this year. It was trading at $107.90, down by over 2% from its highest level this month as focus shifted to the Bank of Canada (BoC),
Tech stocks were dragged by a drop of $48.98, or 28%, to $125.70, in electronics firm Celestica, while power firm TransAlta fell $3.99, or 20.6%, to $15.37. Elsewhere in techs, Bitfarms dove 32 cents,
Arthur Hayes, the founder of BitMEX and legendary high–risk crypto trader, has warned that Bitcoin’s current bull market faces a 60% probability of a sharp correction to $70,000 before potentially surging to $250,