The Latest Breaking News from Bank of Japan

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…

Japan has intervened in currency markets for the first time since 1998 to support the yen, seeking to stem a 20% plunge against the dollar this year amid a widening policy divergence with the United States.

TOKYO: Japanese policymakers expect that a further reopening of Japan's borders to foreign visitors will breathe life into inbound tourism that had been hit by Covid-19 travel restrictions.

The Australian market was not immune from the sell-off on Wall Street but was able to 'outperform' relatively, falling by only 2.6 per cent.

The weakening of the yen continues unabated. As part of efforts to buoy the economy, the Bank of Japan appears set to continue its massive monetary-easing policy, in stark contrast to the approach adopted by the United States.

In the past, the government and the Bank of Japan have directly intervened in foreign exchange markets by selling or buying yen when there have been excessive movements in the yen's value.

The world’s top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole, Wyoming, that it is broad based, here to stay and will require their forceful action.

With a cabinet reshuffle out of the way, Prime Minister Fumio Kishida's search for the next Bank of Japan (BOJ) governor will intensify in coming months with a small but possible chance of a dark horse getting the job.