Japan to spend $15 billion on inflation aid ahead of local polls
The measures include handouts for low-income households and their children, and support for households that use liquefied petroleum gas, according to documents from the Cabinet Office.
Asian markets downcast despite UBS takeover of Credit Suisse
The 225-issue Nikkei average, Hong Kong’s Hang Seng and Australia’s S&P/ASX were all down, as turbulence in the banking sector continued to cast a shadow.
BOJ deputy chiefs assume posts amid global banking fears and policy questions
The leadership changes were confirmed on Friday, with authorities in Japan insisting its banking sector is stable regardless of turmoil overseas.
BOJ debated side effects of easy policy at March meeting
While global banking woes have taken some pressure off long-term interest rates, the debate underscores the challenge incoming BOJ Gov. Kazuo Ueda faces in keeping borrowing costs low.
BOJ’s path in focus after Japan labor unions win big pay raises
The results were above economist expectations and follow the BOJ governor's comments that suggested sustained pay hikes of 3% are needed for the bank to normalize its massive easing policy.
The Bank of Japan's holdings came to ¥546.93 trillion, while the total amount of outstanding government debt was at ¥1.05 quadrillion.
Somewhere in the multiverse, SVB could be the BOJ
Just like Silicon Valley, Japan is dependent on easy money. That makes SVB’s collapse a cautionary tale for those who think the central bank should be tightening.
Japanese firms turn to loans for longer-term funding amid BOJ risks
Anecdotal evidence suggests Japanese loan rates are now more favorable than the cost of selling long-tenor bonds for capital investment and refinancing needs.
BOJ debated feasibility of tweaking yield control in January, minutes show
The board also agreed inflation and wages could overshoot expectations, suggesting a phase-out of its massive stimulus remains on the cards when Kazuo Ueda takes over as governor.
BOJ maintains monetary easing at Kuroda's last policy board meeting
Gov. Haruhiko Kuroda is set to end his 10-year term and pass the torch to incoming chief Kazuo Ueda, whose appointment was approved by parliament Friday.
Japan's consumption rebounds by most since March, despite inflation
The latest data indicates there was a rebound in consumer confidence at the start of this year despite concerns about higher prices in fuel and daily necessities.
Lower House approves Kazuo Ueda as next BOJ chief, with Upper House to vote Friday
Approval by the two chambers has been seen as a done deal as the ruling coalition holds majority seats in both houses.
