8 Articles
8 Articles
According to the Minister of Finance of Japan, she does not expect that the hospitalization of the head of the Bank of Japan, Oued Kazuo, will affect the bank's meeting on monetary policy next week.
Bank of Japan Governor Ueda Hospitalised
Bank of Japan Governor Kazuo Ueda has been hospitalised for medical treatment and will miss the June 15 to 16 policy meeting, the central bank said on Wednesday. Deputy Governor Ryozo Himino will preside over the rate review in place of Ueda, while the other deputy governor, Shinichi Uchida, is set to host the post-meeting press conference, the BOJ said. Ueda, 74, is expected to remain in hospital for about two weeks getting treatment for an i…
BOJ rate hike to 1% could reshape Japan's position in global crypto markets
The Bank of Japan (BOJ) is expected to increase interest rates to a level that has not been seen since 1995 at its upcoming policy meeting scheduled on June 15-16. The increase in rates will mark an acceleration of the country’s monetary policy shift, putting further pressure on crypto trading volumes denominated in yen amid rising borrowing costs around the fourth-biggest economy in the world. For decades, Japan had been among the most active c…
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