Monday, 19 November 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
BOJ Stands Pat as Risks Rise in Long Battle to Stoke Inflation
Wednesday, 31 October 2018 10:33 WIB | FISCAL & MONETARY |JepangBank of JapanBOJ

The Bank of Japan left its monetary stimulus unchanged as it updated price forecasts that confirm it won't meet its inflation target for years to come.

As predicted by all 46 economists surveyed by Bloomberg, the BOJ stuck with its policy interest rates and asset-purchase targets, it said in a statement Wednesday. The central bank forecast in its quarterly outlook report that inflation will remain below its 2 percent target through until at least early 2021.

This will see it fall even further behind its global peers in shifting away from crisis-era monetary policies, as the Federal Reserve raises interest rates and the European Central Bank halts its bond-purchase program. While continuing with ultra-low borrowing costs and a massive asset-purchase program contributes to rising debt and financial risks in Japan, it is also capping gains in the yen, which helps exporters and the stock market.

The BOJ changed its view on risks to the economy in the fiscal year ending in March 2019, saying they are skewed to the downside, compared with œgenerally balanced previously.

Any comments from Kuroda™s on the impact of stimulus on Japanese banks will also be under the spotlight. The BOJ noted banks™ weakening profitability in its semi-annual financial system report released last week, and expressed concern that because of their condition an external shock could cause them to pull back from lending more than usual, putting the economy at risk.

Source: Bloomberg

RELATED NEWS
ECB's Draghi raises prospect of slower inflation pick-up amid 'uncertainties'...
Friday, 16 November 2018 16:06 WIB

Presiden Bank Sentral Eropa Mario Draghi pada hari Jumat menegaskan kembali rencana untuk kembali menekan stimulus pada akhir tahun tetapi juga menyuarakan kehati-hatian tentang prospek pertumbuhan, m...

Powell Says He"s Optimistic About Economy as He Notes Concerns From Abroad...
Thursday, 15 November 2018 07:58 WIB

Ketua Federal Reserve Jerome Powell pada Rabu malam melakukan percakapan dengan presiden Dallas Fed untuk mengkomunikasikan optimisme tentang pertumbuhan ekonomi AS bahkan ketika dia mengakui potensi ...

Fed Holds Rates Steady And Stays on Course For More Gradual Hikes...
Friday, 9 November 2018 02:16 WIB

The Federal Reserve pada Kamis mempertahankan suku bunga stabil sementara menandakan bahwa itu akan tetap berjalan dan menaikkan suku bunga pada laju bertahap dalam beberapa bulan mendatang. Seperti ...

RBA Keeps Interest Rates on Hold...
Tuesday, 6 November 2018 10:52 WIB

Reserve Bank of Australia telah merilis suku bunga resmi tidak berubah selama 27 bulan berturut-turut. Rekor terendahnya tingkat suku bunga semalam sebesar 1,5 persen diperkirakan tidak akan disesuai...

BOE Waits for Brexit Clarity as Forecasts Hint at Faster Hikes...
Thursday, 1 November 2018 19:24 WIB

Bank of England mengisyaratkan mungkin ada kebutuhan untuk kenaikan suku bunga lebih cepat dalam beberapa tahun mendatang dalam laporan yang didominasi oleh ketidakpastian atas Brexit. Komite Kebijak...

LATEST NEWS
EUR/USD Climbs Further Beyond 1.1400 Handle, 1-1/2 Week Tops

The EUR/USD pair reversed an early dip to sub-1.1400 level and quickly recovered around 25-30 pips from daily lows to hit 1-1/2 week tops in the last hour. The Fed Vice Chairman Richard Clarida offered some dovish comments on Friday, saying that...

Gold Declines After Dollar, Treasury Yields Steady

Gold snapped a four-day advance as the dollar steadied, with the currency recovering from comments on Friday by Federal Reserve Vice Chairman Richard Clarida, who said U.S. interest rates are getting closer to the vicinity of neutral and...

Hong Kong Shares End With Gains

Hong Kong stocks closed with a third day of gains Monday, tracking a positive lead from Wall Street as investors keep an eye on developments in the China-US trade dispute. The Hang Seng Index rose 0.72 percent, or 188.47 points, to close at...

POPULAR NEWS
Gold prices settle up by more than 1% for the week; palladium futures log another record
Saturday, 17 November 2018 01:49 WIB

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week,...

Gold Hits 1-Week High as Dollar Softens; Palladium Near Record
Friday, 16 November 2018 19:27 WIB

Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union,...

Stocks End Mostly Higher, But Suffer Weekly Losses on Tech Weakness
Saturday, 17 November 2018 04:12 WIB

Stocks ended mostly higher Friday, finding support after President Donald Trump said China "wants to make a trade deal" with the U.S. But major...

Hong Kong Shares Close Week on Positive Note (Review)
Saturday, 17 November 2018 04:16 WIB

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil...