BOJ must raise rates to 1% by latter half of fiscal 2025, board member Tamura says
The Bank of Japan must raise short-term interest rates to at least 1% by the second half of fiscal 2025 to contain inflation risks, board member Naoki Tamura said on Thursday. Tamura, a former commercial banker known as among the most hawkish members of the board,
Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.
Bank of Japan raises rates to highest in 17 years
Japan's central bank has increased the cost of borrowing to its highest level in 17 years, after consumer price rises accelerated last year. The move by the Bank of Japan (BOJ) to raise its short-term policy rate to 0.5% comes just hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
Hawkish BOJ policymaker calls for raising rates at least to 1%
The Bank of Japan must raise interest rates to at least 1% by the second half of the fiscal year beginning in April, hawkish board member Naoki Tamura said on Thursday, remarks that pushed up the yen as they reinforcing bets of a near-term rate hike.
Hawkish BOJ Board Member Calls for Faster Rate Hikes
Bank of Japan policy board member Naoki Tamura said, “Raising short-term interest rates to at least around 1% in the latter half of fiscal 2025 is necessary to reduce upside risk to prices and achieve the price stability target in a sustainable and stable manner.
CNN12d
Japan raises interest rates to highest level in 17 years
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stable around its 2% ...
Core inflation in Japan's capital hits 1-year high, keeps BOJ rate-hike bets alive
Core inflation in Japan's capital hit 2.5%, marking the fastest annual pace in nearly a year, well exceeding the central bank ...
Tokyo Inflation, Japan Activity Data Back More BOJ Rate Hikes
An uptick in inflation in the Tokyo metropolitan area and solid outturns in other key Japanese economic data support the Bank ...
朝日新聞社11d
Japan hiked interest rates. Why is the yen falling?
SINGAPORE--A week ago Japan raised interest rates for the first time since 2007 in a move that marked a historic shift in monetary policy. Yet the currency fell. Now Japanese officials are ...
Reuters7d
Japan's government interest costs to swell more than 50% in next few years
Last week, the central bank raised interest rates to their highest since the 2008 global financial crisis on the view Japan was on the cusp of sustainably achieving its 2% inflation target.
Wall Street Journal13d
Bank of Japan Resumes Hiking Rates as Economy Strengthens
TOKYO—The Bank of Japan raised interest rates to the highest level since October 2008 on Friday, as the economy makes steady progress toward the bank’s goal of stable 2% inflation and wage ...
The Independent12d
Bank of Japan hikes interest rates to highest level in 17 years
such as Japan. The central bank said it would continue to raise interest rates if economic growth and inflation stayed in line with its projections. “The likelihood of achieving the bank’s ...
Japan's megabanks set for record FY profit after strong Q3
All three of Japan's "megabanks" are on course for record annual income after the first nine months of the financial year as ...