BOJ Keeps Policy Unchanged, Downgrades Assessment of Inflation
Friday, 15 June 2018 10:01 WIB | MONETARY |Fiskal & MoneterMoneter

The Bank of Japan left monetary policy unchanged even as it downgraded its assessment of inflation, falling further behind its global peers at the end of a busy week for central banks.

The BOJ maintained the settings on its yield-curve control program and asset purchases, it said in a statement Friday, a result forecast by all 45 economistssurveyed by Bloomberg. The central bank downgraded its assessment of inflation after raising it in January. It said it now sees the consumer price index in a range of 0.5 percent to 1.0 percent.

While the BOJ struggles, the Federal Reserve this week raised interest rates for the sixth time in 18 months and set a steeper rate-hike trajectory, while the European Central Bank plotted the end of its asset purchases this year.

œThis week just deepens the market view that the Fed and ECB are in the camp of normalization and Japan isn™t," Masamichi Adachi, a senior economist at JPMorgan Chase & Co., said before the BOJ™s decision was released. "That should help weaken the yen.

Governor Haruhiko Kuroda has emphasized the need to stay the course with stimulus. At its last meeting the central bank removed language that said it expected inflation to reach its 2 percent target around the fiscal year starting in April 2019.

JPMorgan and Bank of America Merrill Lynch are among those who in recent weeks have changed their forecasts, pushing back their expected timing of the BOJ™s first move toward policy normalization. In a Bloomberg survey, 88 percent of analysts said it wouldn™t start until 2019 or later.

Kuroda is almost certain to face questions about price momentum during his news conference later on Friday. Core inflation, which excludes fresh food, slowed for a second straight month in April, to 0.7 percent.

œInflation has certainly been lower than would™ve been expected, Federal Reserve Bank of St. Louis President James Bullard said in Tokyo last month. œIt™s been frustrating in Japan, but it™s also been instructive for the rest of the world to understand what kinds of things can happen if inflation expectations get rooted at a low level.

Source: Bloomberg


BOJ Maintains Key Interest Rates and Forward Guidance
Tuesday, 30 July 2019 10:06 WIB

Bank of Japan maintains 10-year JGB yield target at about zero percent after ending a two-day meeting on Tuesday. Keeps policy balance rate at -0.1%. Central bank leaves forward guidance and asset purchases unchanged. About 81% of 47 economists surveyed by Bloomberg saw the BOJ sticking with...

Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB

Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done deal. While greater uncertainty about trade and worries about global economy might be starting to show through to economic data, officials don™t kno...

Draghi's speech: Global trade has faced headwinds in recent years
Wednesday, 12 June 2019 15:38 WIB

The European Central Bank (ECB) President Mario Draghi, via Reuters, delivering the opening address at the ECB conference on Central, Eastern, and South-Eastern European countries (CESEE), in Frankfurt. Global trade has faced headwinds in recent years. Institutional quality is still below the euro...

Draghi Talks Tough on Stimulus as ECB Discusses More Rate Cuts
Thursday, 6 June 2019 21:26 WIB

Mario Draghi hardened his language as he said the European Central Bank won™t shy away from action to support the euro-area economy as growth weakens. Policy makers are œdetermined to act if needed, citing the œprolonged persistence of uncertainties and the œrising threat of prot...

Saturday, 21 September 2019 03:33
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:27
Wall Street Falls as Trade Optimism Fizzles
Friday, 20 September 2019 01:13
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 03:36
Hong Kong Stocks End With Fresh Losses
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:33 WIB Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...


Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.