Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that underlying inflation is still somewhat below 2%.
Bank of Japan Governor KazuoUeda said on Friday that underlying inflation is still somewhat below 2%. Ueda added that the Japan ese central bank would maintain an accommodative policy to support price trends. Key quotes Recent inflation is driven mostly by cost-push factors. Cost-push factors are likely to dissipate in the middle to late this year. BOJ to maintain an accommodative policy to support price trends. Mindful that FX moves have various effects on the economy.
The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks.
Centralbanks Japan Macroeconomics
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoJ’s Ueda: Timing of adjusting monetary support depends on economic, price and financial developmentsBank of Japan (BoJ) Governor Kazuo Ueda said on Monday that the “timing of adjusting monetary support depends on economic, price and financial developments.” Additional comments Must be vigilant to various risks in deciding timing for adjusting degree of monetary support.
Read more »
China's Central Bank Governor Meets with Bank of England CounterpartPeople's Bank of China Governor Pan Gongsheng and Bank of England Governor Andrew Bailey discussed financial stability and cooperation during a meeting in Beijing. The meeting took place during British Finance Minister Rachel Reeves' visit to China, aimed at reviving economic and financial talks.
Read more »
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reportsBank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports
Read more »
Russia's Central Bank Denies Rumors of Frozen Bank DepositsAmidst economic anxieties fueled by the ongoing war in Ukraine, Russia's central bank has taken to Telegram to quell public speculation about the potential freezing of citizens' bank deposits. The bank vehemently dismissed the idea as 'absurd' and 'unthinkable,' emphasizing that such a move would violate citizens' rights and destabilize the financial system. These rumors surfaced following the central bank's decision to raise interest rates to 21% last year to combat soaring inflation. The high rates attracted a surge in bank deposits, but subsequent anxieties prompted Russians to seek clarifications from the bank. The central bank's assurance comes amidst a broader backdrop of economic uncertainty in Russia. The country has faced a barrage of Western sanctions since the invasion of Ukraine and grapples with challenges like high inflation, a depreciating ruble, and a critical labor shortage.
Read more »
Bank of America Cardholders Get Free Museum Admission in San AntonioBank of America, Merrill, and Bank of America Private Bank cardholders can enjoy free general admission to five San Antonio museums on January 4th and 5th. Eligible cardholders must present their Bank of America, Merrill or Bank of America Private Bank debit or credit card, along with a photo ID, to gain access. The Museums on Us program, offered on the first full weekend of each month, does not include special exhibitions or extra guests.
Read more »
Terror Today: Ever-Shifting Ideologies, but Same Underlying CausesThe terrorist attack in New Orleans on Jan. 1—and a truck explosion in Las Vegas just a few hours later—are a reminder that extremist threats to our nation and our communities remain pressing.
Read more »