Speaking at the post-monetary policy meeting press conference, BOJ’s governor Haruhiko Kuroda commented on the current policy framework. It is appropriate to continue with the current policy framework.It is inappropriate to debate exit when inflation remains far from 2%.It is desirable for currency rates to reflect fundamentals, in a stable …
Read More »BOJ Expands JGB Yield Target Band, Drops ETF Buying Target
The Bank of Japan (BOJ) kept its key policy rate unadjusted at the conclusion of its two-day March monetary policy review meeting on Friday. The central bank left the key rate steady at -10bps while maintaining its pledge to buy J-REIT at an annual pace of up to JPY180 bln. …
Read More »Japan Shares Jumped on Fed’s Growth Forecast
Japanese stocks jumped Thursday, March 18th, while the Topix index reached a 30-year high, supported by the US Federal Reserve’s expectation of rapid economic growth and its pledge to keep interest rates low. The broader Topix index advanced 1.23% to close at 2008.51 points, surpassing the 2000 level for the …
Read More »Japan Shares Closed Flat as Investors Awaited The Fed Meeting
Japan shares closed flat on Wednesday, as gains in the health care sector were offset by profit-reaping selling in the technology sector, despite the continuing state of caution in general ahead of important meetings of the US Federal Reserve (central bank) and the Bank of Japan. The Nikkei index closed …
Read More »Japan shares Closing Higher on Recovery Hopes And Topix is at a 20-Year Peak
Japanese shares closed higher on Tuesday, March 16th, and the Topix index reached a 20-year high, as technology stocks tracked Wall Street’s gains amid hopes for a strong economic recovery in the United States. The broader Topix index rose 0.65% to 1981.50 points, the highest closing level since May 1991, …
Read More »Asian Stocks Rise Ahead of The Fed
Asian stocks rose on Tuesday, tracking the advance of Wall Street’s major indexes to record highs, as investors looked forward to major central bank meetings this week, starting with the US Federal Reserve. The region’s stock market index excluding Japan rose 0.7%, led by a 1.2% jump in the benchmark …
Read More »Japan Shares Closed Higher, Posting 3% Weekly Gain
Japanese stocks rose on Monday thanks to the optimism that accompanied the approval of a huge US stimulus package to support stocks linked to the economic cycle, while SoftBank Group shares fell, while other technology companies recorded limited gains. The Nikkei index rose 0.17% to close at 29,766.97 points, and …
Read More »Japan Shares Closed Higher, Posting 3% Weekly Gain
Japanese stocks rose for the fourth session in a row, as technology stocks rebounded while investor sentiment remained supported by expectations that low-interest rates and large fiscal spending will continue to support global economic growth. The benchmark Nikkei index rose 1.73% to 29,717.83 points. The broader Topix index rose 1.36% …
Read More »Japan Shares Closed Higher on Rise of Business Cycle Companies
Japanese shares closed higher on Thursday, March 11th, as investors snapped up shares related to the economic cycle that fell earlier, but the gains were capped by investors who lowered their positions in some heavyweight stocks. The Nikkei index rose 0.6% to 29,211.64 points, while the broader Topix index rose …
Read More »Japan Shares Closed Flat, Fund Sales Wiped Out Tech Firms’ Gains
Japanese stocks were largely unchanged on Wednesday, March 10, as sales of domestic funds before the end of the fiscal year wiped out gains in tech stocks that tracked Wall Street’s rally last night. The Nikkei rose 0.03% to close at 29036.56 points, while the Topix gained 0.11% to 1919.74 …
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