Tag Archive: Bank of Japan

Central Banks Roil Markets

2016-04-28

The Bank of Japan defied expectations and its economic assessment to leave policy unchanged. The inaction spurred a 3% rally in the yen and an even larger slump in stocks. The financial sector took its the hardest and dropped almost 6%. The...

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What is the BOJ Going to Do?

2016-04-27

by Marc Chandler

2016-04-27

Under Kuroda's leadership the BOJ has surprised the market a number of times, most recently with the move to negative rates at the end of January. It is not that such a move, which has been tried by several European central banks, was without...

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Futures Ignore Apple Plunge; Oil Rises Above $45 As Yellen Looms

2016-04-27

by Tyler Durden

2016-04-27

For those who thought that the world's biggest company losing over $40 billion in market cap in an instant on disappointing Apple earnings, would have been sufficient to put a dent in US equity futures, we have some disappointing news: with just over...

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The Week Ahead: FOMC, BOJ and More

2016-04-24

by Marc Chandler

2016-04-24

The last week of April is eventful. The Reserve Bank of New Zealand, the Federal Reserve and the Bank of Japan hold policy meetings. The UK, eurozone, and the US provide the first estimates of Q1 GDP. Japan, the eurozone, and Australia report consumer prices, while the US updates the Fed’s preferred (targeted) inflation measure, the …

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A Take On How Negative Interest Rates Hurt Banks That You Will Not See Anywhere Else

2016-04-14

by Reggie Middleton

2016-04-14

The Bank of Japan and the ECB are assisting me in teaching the world's savers, banking clients and corporations about the benefits of blockchain-based finance for the masses. How? Today, the Wall Street Journal published "Negative Rates: How One Swis...

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History of Bank of Japan Interventions

We show the history of Japanese FX interventions. The Japanese only intervened when the USD/JPY was under 80. Therefore the 2016 FX intervention threads at 108 are ridiculous. As opposed to the Swiss National Bank, the Japanese only talk, they do not fight.

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Big Players (Read: Governments) Make Markets Unsafe

2016-04-07

by Steve H. Hanke

2016-04-07

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Reportage in The Wall Street Journal on April 4th states that “A fund owned by China’s foreign-exchange regulator has been taking stakes in some of the co...

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FX Daily 03/14: Five Central Banks Meet as Monetary Policy is Downgraded

2016-03-13

by Marc Chandler

2016-03-13

Fixed exchange rates limit the degrees of freedom for policymakers. The breakdown of Bretton Woods in 1971 removed this constraint on official action, and the results were larger budget deficit and higher inflation. The zero bound on interest rates also posed a constraint on behavior. Until this year, despite the long struggle against deflation, the Bank …

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Central Banks Shiny New Tool: Cash-Escape-Inhibitors

2016-02-29

by Jp Koning

2016-02-29

Submitted by JP Koning via Moneyness blog, Negative interests rates are the shiny new thing that everyone wants to talk about. I hate to ruin a good plot line, but they're actually kind of boring; just conventional monetary policy except in negative ...

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Are Central Banks Setting Each Other Up?

2016-02-22

by Mark St. Cyr

2016-02-22

Authored by Mark St.Cyr, There are times you try to connect the dots. There are others where those connections warrant adorning your trusted tin-foiled cap of choice; for you just can’t get there unless you do. This I believe is one of those time...

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How Low Can The Bank Of Japan Cut Rates? Ask Gold

2016-02-03

by Tyler Durden

2016-02-03

As we noted last night, in what was the second clear example of sheer desperation by the Bank of Japan, the central banker formerly known as Peter Pan for his on the record belief that "he should fly", and as of this morning better known as Peter Pan...

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(3.3) FAQ: The Why and What For of BOJ’s Negative Interest Rates

BoJ Adopts Negative Interest Rates, Fails To Increase QE

2016-01-29

by Tyler Durden

2016-01-29

Well that did not last long. After initial exuberance over The BoJ's wishy-washy decision to adopt a 3-tiered rate policy including NIRP, markets have realized that without further asset purchases (which were maintained at the current pace), there is...

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You Know Negative Interest Rates Are Bad When…

Submitted by Simon Black via SovereignMan.com, Switzerland is famous for being punctual. The trains. The buses. The meticulously crafted, hand polished luxury watches. The Swiss are so culturally punctual that they even tend to pay their taxes well i...

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