Wednesday, 17 October 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
BOJ Maintains Stimulus as Inflation Lags Behind Economic Growth
Thursday, 21 December 2017 10:24 WIB | FISCAL & MONETARY |Ekonomi JepangBank of JapanBOJ

The Bank of Japan left monetary stimulus unchanged in the final policy meeting of 2017, remaining on cruise control as it waits for a pickup in stubbornly low inflation.

The central bank will continue to target interest rates and buy financial assets to achieve its 2 percent inflation goal, it said in statement on Thursday. The result was predicted by all 44 economists surveyed by Bloomberg.

With Japan™s economy continuing to grow at a healthy pace, and inflation at least moving in the right direction, there is little pressure on the BOJ to act any time soon. This sets it apart from its global counterparts, with the Federal Reserve hiking interest rates and the European Central Bank moving closer toward policy normalization.  

"A solid economic recovery is giving the BOJ time to sit tight, Norio Miyagawa, a senior economist at Mizuho Securities Co., said before the decision. "The BOJ™s plan for now is to wait and see by sticking with the current stimulus.

Yet economists and investors are looking further ahead, with some speculating that the BOJ will join some of its international counterparts in tightening policy next year. Governor Haruhiko Kuroda™s press briefing later Thursday will be parsed for clues as to whether and when that might happen.

The BOJ board™s vote on Thursday was 8-1 on policy rates and unanimous on asset purchases. Goushi Kataoka, who joined the board in July, dissented on the policy rates.

The BOJ hasn™t altered its policy framework since September 2016, when it implemented its yield-curve control program, setting an interest rate of -0.1 percent on some bank reserves and a target of around 0 percent for 10-year government bond yields. It also continues to buy enormous amounts of assets, mostly Japanese government bonds.

Source : Bloomberg

RELATED NEWS
RBA's Lowe Keeps Benchmark Interest Rate at 1.5%...
Tuesday, 2 October 2018 11:49 WIB

Mengikuti versi pernyataan yang diformat ulang pada hari Selasa di situs web Reserve Bank of Australia, setelah Gubernur Philip Lowe dan dewannya mempertahankan target suku bunga semalam sebesar 1,5 p...

Fed Hikes Interest Rates, Signals Strong Support For Another Increase in December...
Thursday, 27 September 2018 01:22 WIB

The Federal Reserve pada hari Rabu menaikkan suku bunga untuk ketiga kalinya pada tahun ini dan mengisyaratkan itu bersiap untuk meningkat lagi pada bulan Desember, karena juga mengubah bahasa yang bi...

Swiss National Bank keeps rates steady at -0.75%, as widely expected...
Thursday, 20 September 2018 14:54 WIB

Anggota dewan Swiss National Bank (SNB) memutuskan untuk meninggalkan suku bunga deposito acuan tidak berubah di -0,75% pada penilaian moneter kuartalan yang diadakan hari ini. Bank sentral mempertah...

BoJ leaves monetary policy unchanged...
Wednesday, 19 September 2018 10:31 WIB

Pada pertemuan kebijakan moneternya hari ini, Bank of Japan (BoJ) tidak mengubah pengaturan kebijakan moneternya, menahan suku bunga di -10bps sambil mempertahankan target hasil 10% JGB pada 0,00%. B...

ECB Draghi : Do More To Shore Up Banking Sector...
Tuesday, 18 September 2018 15:52 WIB

Presiden Bank Sentral Eropa Mario Draghi mendesak pemerintah zona euro pada hari Selasa untuk mengambil tindakan lebih lanjut untuk menopang sektor perbankan di kawasan tersebut, termasuk dengan membu...

LATEST NEWS
Nikkei Hits 6-Day High as Tech Shares Track U.S. Gains

Japan™s Nikkei share average hit a six-day high on Wednesday, continuing its recovery from last week™s sharp downturn with technology stocks supported by a turnaround in their Wall Street peers. The Nikkei was up 1.59 percent at 22,907.73...

Facebook Now Requires UK Political Ad Buyers to Reveal Identity

Facebook says that anyone who takes out a British political ad on the social media platform will now be forced to reveal their identity, in a bid to increase transparency and curb misinformation. The company said Tuesday that it will also require...

Dollar Consolidates, Yen Weakens as Risk Sentiment Improves

The dollar was little changed against most of its major peers on Wednesday but made gains against the yen as upbeat Wall Street earnings turned global sentiment away from safe haven assets. The three main Wall Street indexes each rose by more than...

POPULAR NEWS
Gold Rally Rolls On
Tuesday, 16 October 2018 04:14 WIB

On Friday we asked the question -- could the gold rally continue? The markets have spoken with a resounding yes. Gold traded as high as $1,237 this...

Pressure Set to Resume For Wall Street as Stock Futures Pitch Lower
Monday, 15 October 2018 16:53 WIB

U.S. stock futures indicated a lower start for Wall Street on Monday, as global stocks failed to join a rally that came late last week on the heels...

Gold Advance as Risks Proliferate From Stocks to Trade
Monday, 15 October 2018 15:47 WIB

Gold advanced as a stock slump resumed in Asia, President Donald Trump hinted at imposing more tariffs on China, and investors tracked tensions...

Gold ends at another multimonth high, but U.S. stock market rally limits the metal's rise
Wednesday, 17 October 2018 01:26 WIB

Gold futures edged up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limited the gains for the...