Japanese big manufacturers' business sentiment deteriorated to the lowest in nearly three years and is expected to worsen in the coming quarter, a closely watched central bank survey showed, heightening pressure on both Prime Minister Shinzo Abe and the Bank of Japan to do more to shore up the ailing economy.
The Bank of Japan’s policy board is set to discuss this week whether to exempt $90 billion in short-term funds from its newly imposed negative interest rate, people familiar with the matter said, after the securities industry warned that investment money would be driven into bank deposits.
Japan's wholesale prices dropped 3. 4 percent in February on year, marking the 11th successive month of decline, as a drop in commodity prices continued to weigh on the index, the Bank of Japan (BOJ) said on Thursday.
Japan's consumer prices remained flat in January compared to the same period a year earlier, as a protracted downturn in energy prices and a comparatively firm yen may lead the key gauge to enter negative territory and the central bank to intervene, data from the Ministry of Internal Affairs and Communications showed Friday.
The Bank of Japan's negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo's lack of options to spur growth as global markets sputter.
The Bank of Japan (BOJ) on Friday surprised markets by announcing that it would introduce a negative interest rate to show resolution in the fight against prolonged deflation.
Japanese firms expect inflation to rise at a rate less than predicted three months ago, in a sign that faith in the central bank's reflationary efforts is waning, statistics from the Bank of Japan (BOJ) showed Tuesday.
The bank of Japan (BOJ) on Thursday decided to keep its current monetary policy, clinging to the judgment that the economy is "recovering moderately" despite recent data showing Japan has slipped into recession.
The Bank of Japan (BOJ) on Wednesday opted to maintain its accommodative monetary policy and hold off on additional easing despite sluggish exports and falling commodity prices threatening to derail the bank's ambition 2 percent inflation target next year.
The Bank of Japan (BOJ) on Wednesday cut its inflation forcast for the fiscal 2015 starting in April in the wake of recent plunge in oil price that has weighed down consumer prices, but it kept its policy of ultra-loose monetary easing.
The Bank of Japan (BOJ) on Friday voted unanimously to continue to expand its monetary base, stating that the domestic economy is on a moderate recovery path despite the consumption tax hike in April, while raising its view on overseas economies.
The Bank of Japan decided Tuesday to keep its ultra-loose monetary policy unchanged, while boosting loan support to encourage lending.
Japan's monetary base rose 52.5 percent in November from a year earlier to a record 189.72 trillion yen (about 1.84 trillion U.S. dollars) due to the central bank's ultra loose monetary policy aimed at beating Japan's prolonged deflation, according to local media Tuesday.
The Bank of Japan decided Wednesday to keep its current monetary easing policy aimed at beating deflation, according to a statement released after a two-day policy meeting of the bank.
The Bank of Japan's announcement of monetary easing policy made late last week, which was more aggressive than expected, could create problems for its Asian neighbors in terms of trade and capital flow, research groups in Singapore said.
The Bank of Japan's new governor Haruhiko Kuroda reiterated his pledge to expand monetary easing and to achieve a 2-percent inflation goal in two years.
Japan's government has tapped Asian Development Bank (ADB) President Haruhiko Kuroda, 68, to succeed Masaaki Shirakawa as the Bank of Japan's (BOJ) governor, government sources stated Monday.
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