Japanese monetary policy
Bank of Japan Review
November 20, 2012
The BOJ nine-person Policy Board did ease its monetary stance further after this month’s meeting, having done so in both September and October. The decision was unanimous and expected. A statement from officials also retained its economic assessment that Japan’s economy “has weakened somewhat” and is likely to remain relatively weak for “the time being.” […] More
Bank of Japan Defers Any Action to its End-October Comprehensive Review
October 5, 2012
The Bank of Japan had stretched quantitative stimulus by JPY 10 trillion to a JPY 80 trillion total at its September Policy Board meeting and will be publishing its semi-annual economic and inflation review after its meeting at the end of this month. So this week’s in-between meeting always figured to be a wait-and-see affair, […] More
Spotlight on Japan
September 19, 2012
The Bank of Japan expanded quantitative stimulus but did not exceed market expectations. The actions taken by the Policy Board of the BOJ depressed the yen to as low as 79.23 per dollar, but its net overnight drop was just 0.3% against the dollar. The greenback also rose 0.3% against the euro, 0.2% relative to […] More
Bank of Japan Preview
July 10, 2012
The Bank of Japan will not immediately join its counterparts in the euro area, China, and Britain, which seemingly eased in coordinated fashion last Thursday. A two-day meeting of the Bank of Japan Policy Board, which begins Wednesday, will neither cut the interest rate target nor expand quantitative easing. The target range for the overnight […] More
