The bank set out to buy unlimited amount of government bonds by abandoning loose guidance to buy them at an annual pace of ¥80 trillion. The statement said: “The BOJ will purchase necessary amounts of government bonds without setting an upper limit.” The bank pledged to buy government bonds and short-term securities to keep the…
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Bank of Japan Governor Haruhiko Kuroda said low profitability at financial institutions could start a new financial crisis, offering his strongest warning to date of the demerits of aggressive monetary easing pursued by major central banks, Business Insider reported earlier today. Mergers and consolidation may be among options for financial institutions to boost profitability, Kuroda…
Read moreOne thing is sure: it is very difficult for the Bank of Japan to surprise today’s markets.
Read moreThe European Central Bank (ECB) has decided to leave rates unchanged despite worries about how Brexit will affect the economy. The broad-based major European markets closed mixed on Thursday. The Japanese yen surged by over 1% right after the BBC showed a recorded video in which the BOJ’s governor Kuroda said there is no need…
Read moreJapan’s government bond yields sank below zero for the first time ever which caused a yield drop as low as 0.015%. In the first days after Brexit, the yen was often the initial choice for investors, even more than the US dollar. Global markets reacted expeditiously after two British asset managers blocked investors from pulling…
Read moreMonex Group, Inc. (TYO:8698), the Japan-based group of Forex brokers, this morning published its 16th Global Retail Investor Survey. The survey, conducted in late February and early March 2015, covered the opinions of retail investors in Japan, China (Hong Kong) and the United States on global Forex and stock markets for the following three months.…
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