US EditionFOREX-Yen Weakens as BOJ Stands Pat on Rates; Investors Indecisive After Trump-Xi Meet | Science-Environment
6 Articles
6 Articles
FOREX-Yen weakens as BOJ stands pat on rates; investors indecisive after Trump-Xi meet | Science-Environment
The euro rose 0.3% to 177.70 yen, while sterling similarly gained 0.2% to 201.78 yen. "The lack of a rate hike was not a big surprise, because the market wasn't expecting a hike anyway, but I think the market was kind of disappointed that the number of dissenters remained at two," said Sim Moh Siong, a currency strategist at Bank of Singapore.
UPDATE2: BOJ leaves key interest rate unchanged at 1st meeting since new PM - The Morning Sun
The Bank of Japan left its benchmark interest rate unchanged at around 0.5 percent at its first policy meeting since Prime Minister Sanae Takaichi, known as a supporter of accommodative monetary policy, took office last week. The BOJ held the key rate steady for the sixth consecutive meeting as widely expected, as it continues to examine the impact of higher U.S. tariffs. The central bank raised the rate to the current level in January. The BOJ …
The Bank of Japan's decision to maintain its current policy interest rate at its monetary policy meeting on the 30th led to the view that monetary tightening will be carried out cautiously under the Takaichi Sanae administration, which led to a further weakening of the yen in the foreign exchange market and supported bond prices.
At its monetary policy meeting on the 30th, the Bank of Japan decided to maintain the policy interest rate at the current level of around 0.5% and to refrain from further rate hikes. This marks the sixth consecutive meeting in which interest rates have been left unchanged. The Bank of Japan will seek the appropriate time to raise interest rates while assessing the impact of the US's high tariff policy on the Japanese economy. Cautious about rais…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
