Japanese government bond yields fell on Thursday, tracking overnight U.S. 10-year Treasury yields lower, though declines were limited as investors remained cautious ahead of central bank meetings outside Japan.
- The Bank of Japan retained its easy monetary policy settings on Thursday and projected inflation at well below its 2% target for at least two more years, reinforcing market bets it will lag other central banks in dialling back crisis-mode policies.
The Bank of Japan retained its easy monetary policy settings on Thursday and projected inflation at well below its 2% target for at least two more years, reinforcing market bets it will lag other central banks in dialling back crisis-mode policies.
Japanese shares fell on Thursday, as disappointing forecasts from technology companies prompted a sell-off, though gains in heavyweight chip-related companies limited losses.
Central bank policymakers buffeted currency trading on Thursday as the Australian dollar held firm on growing speculation about the Reserve Bank of Australia's tightening plans, while the yen steadied as the Bank of Japan kept policy steady as expected.
The Bank of Japan cut its estimate on the country's potential economic growth rate to "around zero or slightly positive," underscoring the need for labour market reforms and deregulation to overcome the challenges posed by a dwindling working-age population. The BOJ presented the finding as part of its quarterly economic and price outlook report released on Thursday.
TOKYO--The Bank of Japan lowered its growth forecast, reflecting supply-chain constraints that have weighed on exports and production, and said it didn't see significant inflation coming. In its quarterly outlook report released Thursday, the bank's policy board projected the Japanese economy would expand 3.4% in the current fiscal year ending March 2022, compared with its previous projection of 3.8% released in July. It said it expects 2.9% growth in the year ending March...
The Bank of Japan kept monetary policy steady on Thursday and slashed this year's inflation forecast in a sign that it has no intention any time soon of following other central banks in preparing an exit from crisis-mode policies. The nine-member board also cut this year's growth forecast but maintained its assessment that the world's third-largest economy was headed for a moderate recovery.
The Bank of Japan kept monetary policy steady on Thursday and slashed this year's inflation forecast in a sign that it has no intention any time soon of following other central banks in preparing an exit from crisis-mode policies. The nine-member board also cut this year's growth forecast but maintained its assessment that the world's third-largest economy was headed for a moderate recovery.
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