Bank of Japan

  • 2019-10-11 02:36


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Friday that there is sufficient room for the BOJ to conduct additional easing and it will decide after carefully examining the benefits and costs of further easing.

  • 2019-10-03 01:50


    --Adds Comments From Briefing in Paragraphs 5-12

    MATSUE, Japan (MNI) - The Bank of Japan must be pre-emptive in its actions to stop any risk of losing the momentum toward achieving its price stability target, board member Yukitoshi Funo said Thursday.

    "The slowdown in overseas economies continues and downside risks to global economy is increasing.

  • 2019-10-02 21:45


    MATSUE, Japan (MNI) - The Bank of Japan must pay greater attention to the risk that the momentum toward achieving the price stability target will be lost amid heightened downside risks to the global economy, board member Yukitoshi Funo said Thursday.

    "The slowdown in overseas economies continues and downside risks to global economy is increasing.

  • 2019-09-30 04:40


    --BOJ Keeps Frequency of JGB Buying Ops in October

    TOKYO (MNI) - The Bank of Japan said Monday it would lower the range of its purchases of medium-, long- and super long-term Japanese government bonds in October following the recent drop in yields.

    The scale of long-term bond buying operation was reduced to a range of Y200 billion to Y500 billion from the previous range of Y250 billion to Y550 billion, with medium-term buys reduced to a range of Y200 to Y450 billion.

    Long-dated bonds saw the range cut to Y50 billion to Y200 billion from a range of Y100 billion to Y250 billion and the range of super long-term JGB buying was reduced to a range of zero to Y50 billion.

    Against that, the scale of short-term bond buying was increased to a range of Y300 billion to Y550 bil

  • 2019-09-29 21:32


    TOKYO (MNI) - The Bank of Japan Monday trimmed the scale of its purchases of Japanese government bonds with a remaining life of 3-to-5 years to Y340 billion from the Y360 billion seen at the previous similar operation on Sep 24.

    The reduction was expected by many bond market players given the comparative strength of the 5-year sector of the curve.

    The yield on 5-year bonds closed at -0.375% on Friday after falling to -0.400% on Wednesday, the lowest level since July 2016.

    The BOJ Monday also increased the scale of its purchases of JGBs with a remaining life of 1 to 3 years to Y420 billion from Y400 billion at the similar operation on Sept.

  • 2019-09-29 20:37


    TOKYO (MNI) - The Bank of Japan should consider pre-emptive consider additional easy measures, as there is a risk that the momentum toward hitting the price stability target may be lost, a few board member said at the September 18-19 meeting, according to the summary of opinions released Monday.

    However, they didn't elaborate on what measures the central bank should consider and how to implement additional easy policy.

    "As there is some possibility that the momentum toward achieving the price stability target will be lost, the BOJ should examine whether additional measures will be necessary," one member said.

    Another member said, "At the next MPM, it is important to re-examine economic and price developments while also taking into account the results of the Tankan a

  • 2019-09-26 20:09


    By Hiroshi Inoue

    TOKYO (MNI) - Tokyo's core inflation continued to slow in September, increasing Bank of Japan concern over the outlook for national consumer prices, paving the way for it to revise down its inflation forecast, MNI understands.

    September's Tokyo core consumer price index, a leading indicator of the national inflation rate, rose 0.5% on year recording a 27th straight rise, but the pace slowed from 0.7% in August, and 0.9% in July and June.

    September's 0.5% y/y rise is the lowest level since May 2018 when it was also up 0.5%.

    The weak core CPI was caused mainly by the fall in energy prices (-0.9% on year in Sep vs +1.1% in Aug).

  • 2019-09-26 03:30


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Thursday that the BOJ will manage monetary policy in an appropriate manner without any preconceptions, while carefully examining various risks.

    The BOJ "needs to more pay attention to the risk that the momentum for the price stability target will be lost as the slowdown in overseas economies continues and downside risks to the global economy is increasing," he added.

    BOJ Kuroda, speaking at a meeting sponsored by the Securities Dealers Association of Japan, noted that the BOJ must carefully examine developments in overseas economies and their impact on Japan's economy and prices.

    However, he didn't elaborate on how to deal with the heightened risks and what kinds of measures the BOJ would take at the upcoming

  • 2019-09-25 22:06


    TOKYO (MNI) - The Bank of Japan on Thursday lowered the scale of its purchases of JGBs in the 5 to 10 year sector to Y350 billion from Y380 billion at the similar operation last Friday.

    The decision was expected by some bond players after BOJ Governor Haruhiko Kuroda said it's desirable for the yield curve to steepen further.

    The 10-year bond yield rose to -0.240% from -0.245% seen before the operation.

    The reduction of long-term bond buying was the first since Sep 20 when the BOJ lowered the scale of those bond buying to Y380 billion from Y400 billion.

    --MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
    --MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

    [TOPICS: MMJBJ$,M$A$$$,M$J$$$,M$$FI$,MN$FI$]

  • 2019-09-24 22:11


    TOKYO (MNI) - The Bank of Japan must carefully examine the risks surrounding overseas economies and how they affect Japan, board member Takako Masai said on Wednesday, noting that the BOJ like other central banks will take policy action if needed.

    Masai told business leaders in Tsu City "(The BOJ) will conduct appropriate policy to achieve the price stability target, while examine both the benefits and costs of (more) easing from the broad angle."

    However, she didn't elaborate on how to deal with the risks and what kinds of measures the BOJ would consider.

    Masai is widely regarded to be a neutral board member.

    The minutes of the July 29-30 meeting released earlier Weds show the BOJ backed away from any pre-emptive easing measures, leaving policy unchanged, as