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Sumio Ito
The Bank of Japan is fully prepared to put an end to the world’s last negative interest rate, an ex-official has said.
BUSINESS / Economy
Jan 11, 2024
BOJ fully prepared to end negative rate, likely in April: ex-official
“They are just waiting for one last push from one or two economic data,” said former board member Makoto Sakurai.
The Bank of Japan is likely to keep its monetary stimulus settings unchanged at a two-day policy meeting ending Dec. 19, despite recent market speculation that the negative rate may be scrapped as soon as the December meeting.
BUSINESS / Markets
Dec 11, 2023
BOJ sees little need to end negative rate in December: sources
Bank officials are yet to see enough evidence of wage growth that would support sustainable inflation.
The Bank of Japan headquarters in Tokyo. The central bank has yet to step into the real estate investment trusts market this year, after purchases every year since 2010 to help lower risks in the property market.
BUSINESS
Nov 22, 2023
BOJ pulls back from risk asset buying in sign of normalization
The lack of buying comes amid simmering speculation that the Bank of Japan will scrap its negative interest rate and control of government bond yields.
The Bank of Japan headquarters in Tokyo. BOJ officials responded in July to upside risks to inflation by essentially raising the upper limit for 10-year bond yields, in the first surprise move under Gov. Kazuo Ueda.
BUSINESS
Oct 6, 2023
BOJ may review easing and guidance this month, ex-official says
The central bank faces a recent rise in yields, the yen’s slide and inflation consistently coming in stronger than expected.
Bank of Japan Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming by emphasizing his doubts about the sustainability of price rises.
BUSINESS / Economy
Jul 25, 2023
BOJ set to stick with easing as markets see clock ticking on yield control
Since taking the helm in April, Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming.
Japan Times
BUSINESS
Jul 14, 2023
BOJ to tweak yield control this month, ex-official says
Hideo Hayakawa, who is also a former BOJ chief economist, said that the central bank must raise its inflation outlook for this fiscal year to match reality.
BUSINESS
Jun 11, 2023
BOJ is said to see little need to tweak yield controls for now
The officials say inflation is running stronger than expected, a factor that raises the chance of the BOJ upgrading its inflation forecast in a quarterly economic outlook report in July.
Japan Times
BUSINESS
May 31, 2023
BOJ to hold policy amid election chatter, ex-board member says
The BOJ will refrain from changing its ‘yield curve control’ program while speculation continues to swirl that the prime minister will call a snap election, according to an ex-board member.
Japan Times
BUSINESS
May 26, 2023
BOJ’s Ueda says wages aren’t the goal as he keeps speculators in dark
The remarks leave room for the bank to be nimble about how and when it will be convinced about the prospect of price gains.
BUSINESS
Apr 26, 2023
Japan regulator asks banks to examine social media risks after SVB case
The FSA asked lenders to prepare crisis management manuals and examine their liquidity and risk management systems, sources have said.
BUSINESS
Feb 22, 2023
BOJ likely to raise interest rates gradually, former board member says
Makoto Sakurai, who has known Bank of Japan governor nominee Kazuo Ueda for decades, sees little chance of a big policy shift at Ueda’s first policy meeting.
Japan Times
JAPAN
Feb 9, 2023
LDP said to be divided if Kishida seeks BOJ pivot
With the nomination of a new governor likely to come next week, several party members said there will be opposition within the party if Kishida chooses Hirohide Yamaguchi.
Japan Times
BUSINESS
Jan 25, 2023
New BOJ governor likely to move away from special stimulus, ex-official says
The official said Japan is on track to break away from an entrenched deflationary mindset as it moves away from being an economy of zero inflation.
Japan Times
BUSINESS / Economy
Dec 20, 2022
Kuroda shocks markets by raising BOJ cap on 10-year bond yields, driving up yen
The bank will now allow yields to rise to around 0.5%, up from the previous upper limit of 0.25% on their range of movement, according to a policy statement.
Japan Times
BUSINESS
Dec 2, 2022
BOJ board member calls for policy review at the right time
Naoki Tamura has said it’s hard to define the ‘right time’ mechanically, or decide what would make it necessary because it depends on inflation, wages and the economy.
Japan Times
BUSINESS
Oct 26, 2022
Japan expected to keep last central bank negative interest rate
Explaining the refusal to shift gears is getting harder and such doggedness risks triggering a fresh downward spiral for the embattled yen.
Japan Times
BUSINESS
Oct 7, 2022
Failure to hit price goal may trigger BOJ shift, former director says
Ex-BOJ executive thinks there is a considerable chance that in a year or so the BOJ’s topic of discussion will shift to when the price target can really be achieved.
Japan Times
BUSINESS / Markets
Sep 27, 2022
BOJ chief Haruhiko Kuroda backs intervention while stressing need for easing
The government’s action last week came almost directly after the BOJ’s ultralow rates stance fueled further yen weakening, triggering doubt over the authorities’ unified stance.
Japan Times
BUSINESS / Economy
Sep 13, 2022
BOJ could normalize policy in mid-2023, ex-board member says
Views on Japan’s inflation dynamics are shifting among some experts after more than a decade of deflation and price weakness.
Japan Times
BUSINESS / Economy
Sep 6, 2022
BOJ should look at exit steps while holding policy, former official says
‘This isn’t the time for a drastic rate hike, so there is a limit on what the BOJ can do now,” Yuri Okina has said.

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