The Bank of Japan would be willing to add to already unprecedented levels of monetary stimulus “without hesitation”, according to the bank’s governor Haruhiko Kuroda. In an interview with the Wall Street Journal last weekend in New York, Kuroda did nothing to hose down speculation that additional stimulus will be […]
"Helicopter money" isn't coming to Japan...
Just six weeks ago the Bank of Japan (BOJ) stunned financial markets, announcing that it would apply a negative interest rate to a proportion of funds deposited at the bank by financial institutions. Now, after a less-than-impressive reception from financial markets to the announcement, the BoJ will be back in […]
Abenomics is down, but not out.
Just as the Federal Reserve is finishing tapering of QE purchases, the Bank of Japan is accelerating it.
The Bank of Japan wrapped up its two-day monetary policy meeting today, and as expected it made no change to its current policy. “The BoJ will continue to conduct money market operations so that the monetary base (¥173.3trn as of end-July) will increase at an annual pace of about ¥60-70trn […]
Japan got hit the worst, with the Nikkei closing down 4%.
The Kuroda Show is about to begin.