Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue

Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue

Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue. The currency slipped past 155 to the US dollar for the first time in 34 years on Wednesday. Chris Gilbert has more from Tokyo.

April 25, 2024 12

World

Bank of Japan expected to announce an end to negative rates

The Bank of Japan is widely expected to end negative interest rates when a two day policy meeting concludes on Tuesday. Analysts believe record wage hikes recently announced by large companies have created the conditions the bank needs to begin phasing out quantitive easing. Chris Gilbert reports from Japan.

March 19, 2024 3

World

Bank of Japan confident on reaching inflation goal

The Bank of Japan says it is optimistic the conditions will become right to tweak ultra loose monetary policy in the future. It held off any policy adjustments at its first policy meeting of the year on Tuesday, saying its waiting to sustainably hit its 2-percent inflation target. Chris Gilbert reports from Tokyo.

January 24, 2024 15