The Latest Breaking News from Bank of Japan

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1%

The recent "covert" currency intervention by the Japanese government and the Bank of Japan sent shock waves through markets, as it was conducted without coordination with foreign authorities and came after the Tokyo market closed and before the weekend in overseas markets, when trading is light.

Japan has marked a trade deficit for the 14th month in a row, with exports and imports ballooning to record highs as the declining value of the yen added to the soaring costs of imported energy, food and other goods

With UK government bonds and sterling both falling hard in recent days, the Bank of England has been forced to step in. Only a few months after it started tightening monetary policy to fight inflation by raising benchmark interest rates and ending its programme to “create” money through quantitative easing…