Japanese Prime Minister Fumio Kishida said on Sunday he would nominate a new Bank of Japan governor next month, as markets test whether the central bank will change the ultra low-rate policy of the dovish Haruhiko Kuroda.
Kishida initially told a TV Tokyo programme that he would decide on Kuroda's replacement by considering the economic situation for April, but when pressed he acknowledged this would likely be in February, "considering parliament's schedule.
The terms of Kuroda's two deputies end on March 19. The three nominations must be approved by both houses of parliament.its ultra-easy policy on Wednesday, defying investors who have recently sought to break the bank's cap on the 10-year government bond yield. But with even Kuroda sounding bullish about wage rises, expectations are growing that the BOJ will end itsLast week's test followed the BOJ's surprise December decision to double the target band for the yield to 0.
There is also speculation about changes to a policy accord between the central bank and the government, in which the BOJ pledges to achieve its 2% inflation target as early as possible. Kishida said it was too early to comment on whether the accord needed to be altered but said there will be no change to the "basic stance" that his government and the BOJ work together "to achieve economic growth that involves structural wage hikes and reach the price-stability target stably and sustainably".
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Japanese Yen Technical Outlook: What’s Next For USD/JPY After BoJ?Wednesday’s failure of the Japanese yen to sustain losses against the US dollar could be a reflection of the mood prevailing since the end of 2022. What is the outlook and the key levels to watch? Get your market update here:
Baca lebih lajut »
Japan PM keeps markets guessing on new BOJ governorJapanese Prime Minister Fumio Kishida said on Sunday that he would take the April economic situation into account when choosing the next Bank of Japan (BOJ) governor, keeping markets guessing who may replace incumbent Haruhiko Kuroda.
Baca lebih lajut »
EUR/JPY Price Analysis: Bulls reclaim the 20/200-DMAs, eyeing a weekly close above 140.50The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the Bank of Japan’s (BoJ) monetary policy
Baca lebih lajut »
BoJ’s Kuroda: Decision taken last month was not a mistakeBank of Japan (BoJ) Governor Haruhiko Kuroda is speaking in a panel discussion titled 'Global Economic Outlook: Is this the End of an Era?' at the Wor
Baca lebih lajut »
Explainer: How the BOJ's new yield-controlling tool worksThe Bank of Japan this week crafted a new weapon to defend its yield cap and extend the lifespan of its yield control policy, without having to ramp up bond buying and dry up already thinning market liquidity.
Baca lebih lajut »
USD/JPY will fall by the end of the year – HSBCEconomists at HSBC think USD/JPY will fall by year-end 2023 on a range of factors from future BoJ policy announcements to improvements in Japan’s bala
Baca lebih lajut »