JN Monetary Policy Statement
It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes;
Source does not give an exact release time - the event will be listed as 'Tentative' until the statement is issued. Source first released in Jul 2008. Source changed release frequency from about 14 times per year to eight times per year as of Jan 2016;
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Oct 30, 2024 | |
Sep 19, 2024 | |
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Dec 18, 2023 | |
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- JN Monetary Policy Statement News
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at or around 0.25 percent.
video The Federal Reserve’s surprise decision in September to cut rates by a larger-than-expected 50-basis-points seems like a distant memory now, as policymakers are once again sending out hawkish soundbites. US economic indicators since the September meeting have been on the strong side, including the CPI report, with Fed officials cautioning that another 50-bps cut is unlikely in the near term. The sudden switch in the narrative from ‘hard landing’ to ‘soft landing’, or possibly even a ‘no landing’, has spurred a sharp reversal ...
The dollar rose against all the G10 currencies last week, but it was not because of higher US rates. In fact, the 10-year US Treasury yield fell for the first time in five weeks. The two-year yield did not rise for the first time in three weeks. Rather than an increase in US rates, several other countries' rates fell. The result was that the US 2-year premium over Germany rose for the fourth consecutive week and is now the most since June. The US premium over Canada rose for the third week and the sixth week in the past seven. It is ...
Bank of Japan officials see little need to rush into raising interest rates this month while they remain on track to hike at a later stage with inflation staying in line with forecasts, according to people familiar with the matter. Officials see only a small risk of prices significantly outpacing the central bank’s quarterly projections set out in July, reducing the need to act quickly, the people said. The BOJ also sees a need to monitor the US economy and the potential economic and market impact of the US election next month among ...
At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided, unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent. Japan's economy has recovered moderately, although some weakness has been seen in part. Overseas economies have grown moderately on the whole. Exports and industrial production have been more or less flat. With corporate profits improving, ...
Bank of Japan Governor Kazuo Ueda faces the delicate task this week of making sure investors are firmly aware of interest rate hikes to come without ruffling markets even as he stands pat on policy. All 53 economists surveyed by Bloomberg said Ueda’s board will leave the benchmark rate at 0.25% when its two-day meeting concludes Friday. Almost 70% of them forecast a rate hike by December, making the BOJ’s messaging crucial, particularly after it drew criticism for a lack of communication leading up to the July 31 rate increase and ...
A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The Federal Reserve’s highly anticipated two-day meeting, which gets underway on Tuesday, is poised to take center stage. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. The only remaining question appears to be by how much the Fed will reduce rates. Traders currently see a quarter-point cut as the most likely outcome, ...
At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided by a 7-2 majority vote, to set the following guideline for money market operations for the intermeeting period: 1. The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent. 2. Regarding the reduction of its purchase amount of Japanese government bonds (JGBs), the Bank decided, by a unanimous vote, on a plan to reduce the amount of its monthly outright purchases of JGBs so that it will be about 3 ...
Released on Oct 30, 2024 |
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Released on Sep 19, 2024 |
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Released on Jul 30, 2024 |
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