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The Latest Breaking News from Bank of Japan

Bank of England bonds rescue has two ugly implications: more inflation and an even weaker pound

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…

The Conversation

A global problem? Liz Truss’s claims on financial chaos fact-checked

We look at claims made by the PM and the chief secretary to the Treasury that have raised eyebrows

The Guardian - UK

Asian bourses slip after Fed hike

Many Asian stock exchanges deepened their losses on Thursday as currencies tanked after the US Federal Reserve delivered a third consecutive 75-basis-point interest rate cut overnight and signalled more to come through next year, sparking fears of recession.

Bangkok Post

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Cost of living crisis: what are the rest of the G7 doing?

From generous one-off benefit payments to caps on rent increases, state intervention is taking shape across the G7

The Guardian - UK

Stock Market Today: Stocks Extend Slide As Hawkish Fed Hike Echoes Through Global Markets

Stocks ended lower Thursday amid a hawkish Fed, Bank of Japan intervention and rate hikes from central banks around the world.

The Street

As Federal Reserve raises rates, Bank of Japan stays put

Many central banks around the world are following the lead of the US Federal Reserve and raising their benchmark interest rates in order to rein in inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained…

France 24

Japan government intervenes to support cratering yen

Tokyo (AFP) - Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted against the dollar in recent months on the widening policy gap between the US and Japanese central banks.

AFP

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Japan intervenes to prop up yen for first time since 1998

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.

Bangkok Post

Japan Moves To Support Slumping Yen In First Currency Market Intervention Since 1998

The dollar had its biggest one-day move against the yen in more than two years Thursday as Japan moved to strengthen its currency through direct foreign exchange market intervention.

The Street

Stocks Bounce, Yen Intervention, Bitcoin, Lennar, Costco Earnings - 5 Things To Know

Stock futures bounce in wake of hawkish Fed; Japan supports yen in first currency intervention since 1998; JPMorgan CEO calls bitcoin 'decentralized Ponzi scheme'; Lennar shares gain as home prices boost bottom line and Costco earnings in focus as shoppers seek inflation relief.

The Street

Fed Preview: Powell's Soft Landing Plans Still Require 'Pain', More Big Rate Hikes

The price of taming the fastest inflation in four decades will cause "some pain" for the world's biggest economy. But can the Fed hold its rate path if the economy slips into recession?

The Street

Hopes grow for win-win effect of inbound tourism in Japan, weak yen

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.

Bangkok Post

ASX ’outperforms’ amid fallout from Wall Street carnage

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 New Daily

BOJ's continued monetary-easing policy leaves yen vulnerable

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.

The Japan News/Yomiuri

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The Japan News/Yomiuri

Few effective options for govt, BOJ

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.

AFP

Yen sinks to new 24-year low against dollar

London (AFP) - The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the US Federal Reserve.

AFP

Asian investors step up selling as rate hikes loom

Hong Kong (AFP) - Investors further unloaded equities in Asia on Thursday as they girded themselves for more interest rate hikes aimed at quelling runaway inflation, with some analysts warning that markets could retest the lows touched in June.

Tribune News Service

Top central bankers deliver hawkish message at Jackson Hole

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.

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Reuters

With reshuffled cabinet, PM Kishida gets to work in choosing next BOJ head

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.

AFP

Bank of Japan sticks to easing, raises inflation forecast

Tokyo (AFP) - The Bank of Japan dug its heels in on its easy-money policies Thursday while raising its inflation forecast, even as other countries hike interest rates to tackle soaring prices.

Benzinga

Alibaba, Baidu, Tencent Slide: Hang Seng Falls 1% As Bank Of Japan Rate Decision Eyed

Hong Kong’s benchmark Hang Seng Index opened in the red on Thursday as shares of Baidu Inc (NASDAQ: BIDU), Alibaba Group Holding Ltd. (NYSE: BABA<

Bangkok Post

Abe's death may give Japan scope to curb stimulus

The death of Shinzo Abe, namesake of Japan's "Abenomics" policy, makes any immediate challenge to his legacy highly unlikely but could eventually allow Prime Minister Fumio Kishida to phase out Abe's government spending and monetary stimulus.

Financial Times

The mystery of how quantitative tightening will affect markets

Central banks are starting to shrink their balance sheets, but fund managers say they have no clue as to how QT will play out

The Independent UK

Asian shares mostly lower after pessimistic 'tankan' survey

Asian benchmarks are lower, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

ABC News

ASX falls after biggest weekly loss since 2020 on interest rate, energy stocks offset gains in banks

Australian shares have struggled for momentum on Monday after falling to their worst week in more than two years as energy and mining stocks countered gains in banks.

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