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China sought to allay fears it wants to topple the dollar as the world’s main reserve currency as Beijing makes bigger strides in creating its own digital yuan.
TOKYO: Japan’s economy was picking up but any recovery was likely to be modest due to lingering caution over the coronavirus pandemic, Bank of Japan (BoJ) governor Haruhiko Kuroda warned.
TOKYO: The Bank of Japan (BoJ) is highly unlikely to deepen its negative interest rate without a fresh economic crisis on a massive scale, according to former board member Makoto Sakurai, whose term ended last month.
Even as it tapers, BoJ invents new measure to boost growth
TOKYO: The Bank of Japan (BoJ) must seek ways to encourage corporate investment to promote digitalisation and a carbon-free society, according to one of its board members at a January meeting, suggesting that the idea could emerge as a future policy option.Meeting for a rate review weeks after the government rolled out fresh curbs to prevent the spread of the coronavirus pandemic, BoJ policymakers warned of various risks that cloud their projections of a moderate economic recovery.
HARUHIKO Kuroda (pic) really, really wants you to believe he isn’t remotely finished juicing Japan’s economy
THE dollar closed the week stronger, rising 0.20% to 91.86 – hovering at a one-week high propelled by higher UST yields – jumping to its highest level in more than a year as rising optimism faster US economic recovery amid fears of higher inflationary pressure overshadowed Federal Reserve’s dovish stance.
Japanese households' financial assets hit a fresh record near 2 quadrillion yen last year, half of which was in cash and bank deposits, in a sign the coronavirus pandemic encouraged them to save rather than spend.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the need for the central bank to "prepare thoroughly" for the time it may need to issue its own digital currency.