TOKYO: Japan's monetary base, or the amount of cash circulating in the economy, grew at the slowest annual pace in seven months in March, a sign the central bank was phasing out remnants of former Governor Haruhiko Kuroda's massive stimulus programme.
FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File PhotoTOKYO: Japan's monetary base, or the amount of cash circulating in the economy, grew at the slowest annual pace in seven months in March, a sign the central bank was phasing out remnants of former Governor Haruhiko Kuroda's massive stimulus programme.
Separate data, released on Monday , also showed the BOJ bought 5.9 trillion yen worth of government bonds outright in March, about half the amount bought in the same month of the previous year. While the central bank also ditched its bond yield control, it pledged to maintain its monthly pace of bond purchases at roughly 6 trillion yen for the time being.
Governor Kazuo Ueda has said the BOJ will eventually scale back bond purchases and allow market forces to set long-term interest rates, though offering few clues on the timing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s economy avoids recession one week before BOJ meetingGDP expanded at an annualised pace of 0.4% in Q4 2023, reversing a 0.4% retreat initially reported.
Read more »
BOJ leaning toward exiting negative rates in MarchTOKYO : A growing number of Bank of Japan policymakers are warming to the idea of ending negative interest rates this month on expectations of hefty pay hikes in this year's annual wage negotiations, four sources familiar with its thinking said.
Read more »
BOJ board divided on economy's strength upon stimulus exit, March summary showsTOKYO : Bank of Japan policymakers were divided on whether the economy was strong enough to weather an exit from ultra-loose monetary policy, a summary of opinions at the bank's March meeting showed, suggesting the next interest rate hike may take time.
Read more »
Tokyo expected to be mainland Japan’s earliest bloomer in sakura seasonThis comes as Tokyo suffers the double whammy of warmer temperatures and the “heat island effect”.
Read more »
Pretty in pink: Tokyo leads Japan as sakura flowers blossom earlier than beforeThis comes as Tokyo suffers the double whammy of warmer temperatures and the “heat island effect”.
Read more »
Japan lifts partial ban on ride-hailing in Tokyo, KyotoFrom April 1, the Japanese authorities will lift a partial ban on ride-hailing services and allow private-hire cars to operate in four places, including Tokyo and Kyoto, as part of efforts to plug a shortage of taxi drivers in the country. Japanese newspaper The Mainichi...
Read more »