USD/JPY continues to trade higher with the Bank of Japan (BOJ) revising growth and inflation forecasts lower and keeping interest rates unchanged as expected. The central bank maintained the policy balance rate at -0.1% and retained the 10-year Japanese government bond yield target at about 0%, but downgraded the consumer price index (CPI) inflation forecast [...]
The Japanese economy remains in a severe situation but starting to pick up, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a statement on Thursday. He also commented that "Will watch the impact of COVID-19 and take additional easing steps if needed without hesitation", "Japan consumer prices likely to fall for the time [...]
According to Japan's Manufacturing PMI, September data indicated that the Japanese manufacturing sector moved another step closer to stabilization, helped by the slowest fall in new orders since January. At the same time, hopes of a longer-term recovery in production volumes strengthened, with growth expectations for the year ahead rising to the highest since May [...]
Some Bank of Japan board members warned a resurgence in the coronavirus pandemic could delay economic recovery and destabilize its banking system by pushing more companies under, minutes from the bank's July rate review showed on Thursday. While they agreed on the need to ramp up stimulus if needed, the BOJ policymakers said the hit [...]
