US EditionBOJ Keeps Rates Steady but 3 Board Members Dissent, Call for Hike
Three board members voted for a hike as officials cited uncertainty from the Iran conflict and a fragile yen.
- On Tuesday, the Bank of Japan is widely expected to keep interest rates unchanged at 0.75%, setting up a communication challenge for Governor Kazuo Ueda as the yen hovers near intervention levels.
- President Donald Trump's war on Iran sent oil prices surging, causing markets to collapse rate-hike expectations to just a 7% chance of a move by the BOJ.
- The board's nine members voted 8-1 to hold policy steady in March, though differing viewpoints now suggest a potential widening divergence among officials regarding future borrowing costs.
- Finance Minister Satsuki Katayama warned Thursday that Japanese officials remain in close contact with US counterparts as the yen hovers near levels that previously prompted intervention.
- Shigeto Nagai, former head of the BOJ's international department, said "The key thing is how strongly the BOJ will communicate their determination to continue rate hikes to curb the yen's depreciation.
18 Articles
18 Articles
Japan Freezes Base Interest Rate for Third Consecutive Time... Difficult to Assess Impact of War The Bank of Japan, Japan's central bank, froze its base interest rate at 0.75% per annum at its monetary policy meeting on the 28th. This marks the third consecutive freeze since raising the rate from 0.5% to 0.75% last December. The Nikkei [New York] [reported] that the situation in the Middle East is long
Consumer Price Forecast Raised from 1.9% to 2.8% Correspondent Cho Seong-mi = The Bank of Japan, Japan's central bank, froze its base interest rate at "around 0.75%" on the 28th, as expected by the market. According to Kyodo News and the Nikkei, the Bank of Japan...
Channel News Asia
BOJ keeps rates steady but 3 board members dissent, call for hike
TOKYO, April 28 : The Bank of Japan kept interest rates steady on Tuesday but three in the nine-member board proposed hiking borrowing costs, signalling the bank's concern over inflationary pressures from the Middle East conflict.As widely expected, the central bank left unchanged its short-term policy rate a
BoJ policy decision LIVE: Bank of Japan keeps interest rates unchanged at 0.75%; 3 board members call for rate hike
BoJ policy decision LIVE: Most economists expect the BOJ to keep the policy rate steady at 0.75% at the end of its two-day meeting today, even as the yen hovers near levels that have prompted past interventions.
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