Trends - Bank of Japan - Business Recorder

Bank of Japan

BOJ's Kuroda brushes aside chance of widening yield band at March review

"We have been and must continue to buy ETFs flexibly. We'll discuss at the March review how specifically we could make our purchases more nimble," Kuroda said.

Published 05 Mar, 2021 10:12am

Opinion

Global bond rout puts BOJ’s yield curve control in spotlight

The Bank of Japan’s success in controlling the shape of the bond market’s yield curve could tempt other central...

Published 05 Mar, 2021 05:17am

Markets

Recovery bets drive dollar to fresh lows

"There's a tide of higher rates across the board, and whether the US does an extra five basis points than Germany is neither here nor there," said Jason Wong, senior market strategist at BNZ in Wellington.

Published 22 Feb, 2021 12:25pm

Markets

BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme

Kuroda said it was hard to predict whether stock markets were in a bubble.

Published 16 Feb, 2021 12:57pm

Markets

JGB yields pare gains auction, economic growth trade still intact

The 10-year JGB yield rose 0.5 basis point to 0.070%.

Published 10 Feb, 2021 11:01am

Markets

Japan bank deposits rise at record pace as firms, households hoard cash

The BOJ eased monetary policy twice last year to cushion the economic blow from COVID-19, including by creating a new lending facility aimed at channeling funds to cash-strapped firms via financial institutions.

Published 08 Feb, 2021 11:38am

Markets

Japan shares down

TOKYO: Japanese shares closed lower on Tuesday as worries about delays in distributing coronavirus vaccines, delay ...

Published 27 Jan, 2021 04:59am

Business & Finance

As pandemic prolongs easing, BOJ warms to idea of wider band for yield target

Kuroda signals wider band on YCC among possibilities.
Allowing yields more flexibility key to March review.
Findings of review will be package of steps - ex-BOJ official.
More flexibility could take teeth out of YCC.

Published 22 Jan, 2021 04:37pm

Business & Finance

BOJ lifts next year's growth forecast, saves ammunition as virus risks linger

Board keeps rate targets unchanged.
BOJ says economy 'picking up as a trend'.
Quarterly report warns of risks to growth, price outlook.

Published 21 Jan, 2021 08:49am

Markets

BOJ's policy review may make ETF buying more flexible

Core consumer prices, which exclude volatile fresh food prices, will slip 0.5% this fiscal year before rising 0.2% next fiscal year, the poll found.

Published 19 Jan, 2021 10:31am

Business & Finance

Japan manufacturers’ sentiment stabilises in Jan, services weaken

TOKYO: Sentiment among Japanese manufacturers stabilised in January to the least pessimistic in more than a year ...

Published 19 Jan, 2021 04:22am

Business & Finance

Japan's exports seen rising for 1st time in 2 yrs, core CPI to drop further

That would the fastest pace of year-on-year drop since September 2010, when the index also fell 1.1%.

Published 15 Jan, 2021 10:34am

Markets

BOJ's Kuroda vows more stimulus if pandemic derails recovery

Having already extended a raft of measures last month to ease funding strains for firms hit by the pandemic, the BOJ is expected to hold off ramping up stimulus at the Jan. 20-21 policy meeting, the sources said.

Published 14 Jan, 2021 11:51am

Markets

BOJ will mull cutting this year's growth forecast: Nikkei

Japan declared a limited state of emergency in Tokyo and three neighbouring prefectures last week to stem the spread of the coronavirus.

Published 13 Jan, 2021 11:39am

Markets

Japan's price expectations weaken as pandemic stokes deflation fears

About 67% said they plan to further curb leisure and entertainment-related outings, while 71% said they don't plan to change the amount they spend to enjoy time they spend at home.

Published 12 Jan, 2021 11:52am

Markets

Japan's cash balance hits fresh high as central bank keeps support for economy

With the pandemic seen prolonging the battle to hit its elusive 2% inflation target, the central bank last month also announced a plan to reassess its policy framework to make it more sustainable.

Published 05 Jan, 2021 10:39am

Business & Finance

ECB should explore yield curve control, de Cos says

"I think yield curve control is an option worth exploring," de Cos said in an interview in Central Banking.
An alternative the ECB could consider is targeting the risk-free yield curve, for example the overnight index swap curve.

Published 04 Jan, 2021 06:05pm

Markets

JGBs little changed as trading winds down at year's end

At the long end of the curve, the 30-year JGB yield rose 0.5 basis point to 0.640%, but the 40-year JGB yield was flat at 0.675%.

Published 28 Dec, 2020 11:48am

Markets

BOJ divided on stimulus tweaks as pandemic stokes deflation fears

Others saw room to tweak the YCC's operations such as by seeking to control yields "more carefully" and allowing for a moderate steepening of the yield curve, it showed.

Published 28 Dec, 2020 09:52am

Business & Finance

JGB yields drift higher after weak BOJ buying operation

Yields were also supported by a sense of relief after Britain and the European Union agreed a free trade deal, averting economic turmoil at the year's end - the deadline for Brexit.

Published 26 Dec, 2020 12:38am

Markets

BOJ's Kuroda to seek ways to make stimulus 'nimble' in review

"Such costs or side-effects need to be minimised," though that alone would not be enough, Kuroda said.

Published 24 Dec, 2020 12:37pm

Markets

BOJ debated room for stimulus tweaks with eye on long battle with pandemic

In a sign the board was bracing for a long-term battle to ease the strain from COVID-19, one board member said the BOJ must "deeply discuss" policy responses aimed at achieving its 2% inflation target, according to the minutes.

Published 23 Dec, 2020 10:23am

Markets

Dollar consolidates losses after week-long drubbing

The dollar rebounded as much as half a percent against the yen to 103.595 yen but remains 0.5pc down versus the Japanese currency for the week.

Updated 18 Dec, 2020 05:03pm

Business & Finance

BOJ to look at more effective ways to resolve inflation conundrum, extends fund scheme

Years of ultra-low interest rates have crushed commercial banks' margin, while its huge asset buying has drawn criticism for drying up liquidity and distorting market pricing.

Published 18 Dec, 2020 02:56pm

Markets

Japan stocks edge lower as COVID-19 woes weigh on sentiment

Investors now look to the Bank of Japan's policy decision, though some analysts say market reaction would be relatively muted.

Published 18 Dec, 2020 09:48am

Markets

BOJ says to examine steps to make policy framework sustainable

BOJ Governor Haruhiko Kuroda is due to hold a news conference at 3:30 p.m. (0630 GMT).

Published 18 Dec, 2020 08:42am

World

Japan PM Suga's carbon-neutral pledge to boost domestic green bond market, says govt panel member

The Bank of Japan can also promote green finance by setting ESG guidelines for its asset management, which would send a message to private banks that they should do so too, she said.

Published 17 Dec, 2020 10:30am

Markets

MOF calls its response to BOJ's dollar funding "extraordinary"

"Our response this time was extremely extraordinary under the coronavirus circumstances," the official told Reuters.

Published 16 Dec, 2020 10:17am

Markets

BOJ loads up $6bn in ammunition in rare move to combat market turmoil

The BOJ's move comes ahead of its two-day rate review that concludes on Friday, when it is expected to extend the March 2021 deadlines of a range of measures aimed at easing corporate funding strains.

Published 16 Dec, 2020 10:01am

Business & Finance

Japan business confidence improves again after virus plunge

Once it hit, there were no mandatory lockdowns in the country, with the government instead asking people to stay at home -- a request that was largely heeded.

Published 14 Dec, 2020 09:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Cotton US¢/pound / May 21	75.63
Petrol/Litre / May 22	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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