Yen strengthens through ¥140 as bulls bet on turning point
Predictions that the yen was poised for a 10% rally as Japan relented on its ultradovish monetary policy have yet to pan out, but signs that the currency is at a turning point are mounting.
BOJ highlights broadening wage and price hikes in report on regional Japan
In a quarterly report, the central bank also said some firms were considering raising the prices of their goods and services to guard against the prospect of rising labor costs.
Bank of Japan deputy chief doesn't anticipate rate hikes in near future
The deputy also said "rapid and one-sided" yen weakening is not desirable and the BOJ will coordinate closely with the government, adding to recent warnings by Japanese authorities.
Japan's wage growth doubles estimates, feeding BOJ speculation
Nominal cash earnings for Japan’s workers rose 2.5% in May from the previous year, the labor ministry reported Friday.
Japanese firms offer biggest pay hikes in 30 years as wage growth broadens
A total of 5,272 unions affiliated with Rengo showed an average pay hike of 3.58%, or ¥10,560 per month, the biggest increase since the 3.9% seen in 1993.
Improving Japan business mood signals steady economic recovery
Companies expect to increase capital expenditure and project inflation to stay above the Bank of Japan's 2% target five years ahead, the quarterly tankan showed.
Yen weakens to ¥145 per dollar, nears 2022 intervention level
Last year, the currency’s slide toward ¥146 triggered intervention, and in the buildup to that there were repeated official warnings.
Tokyo inflation speeds up again as Japan production sputters
Consumer prices excluding fresh food increased 3.2% in the capital from a year earlier, rising at a slightly faster pace than last month’s revised figures.
BOJ chief says confidence in 2024 price gains could bring a policy shift
Ueda has repeatedly stressed the high cost of premature tightening as green shoots finally emerge to generate sustainable inflation.
Weak yen now the key to stronger currency and BOJ pivot later
An extended period of weakness could counterintuitively lay the ground for long-run strength should it help the BOJ boost growth and finally pivot from supereasy monetary policy.
BOJ held record 53% of Japan government bonds at end of March
The BOJ has held more than half of the government's debt for three straight quarters.
BOJ member called for review of yield cap program at June meeting
Some BOJ-watchers expect the yield cap program to be modified at the next policy-setting meeting in July, when the central bank is widely expected to upgrade its inflation outlook.
