Bank of Japan Monetary Policy Unchanged, Revised CPI and GDP Forecasts Lower As Expected

The Bank of Japan announced no change to monetary policy as widely expected. The BOJ short-term interest target kept at -0.1% and the 10 year JGB yield target remains around 0%. BoJ revised its CPI and GDP forecasts lower.

Bank of Japan Monetary Policy Unchanged as Expected, Details Climate Change Scheme

The Bank of Japan announced no change to monetary policy as widely expected. The BOJ short-term interest target kept at -0.1% and the 10 year JGB yield target remains around 0%. Released details of scheme for combating climate change and made decision on yield curve control

Bank of Japan No Change to Monetary Policy With Short Term Interest Target Kept At -0.1%

The Bank of Japan announced no change to monetary policy as widely expected. The BOJ short-term interest target kept at -0.1% and the 10 year JGB yield target remains around 0%. The ETF buy cap stays at 12tln yen. The bank expects core consumer inflation to hit 0.1% in the current fiscal year.

The Japanese NIKKEI Stock Market Closed Up 16% in 2020 Near 30 Year Highs

Japan’s Blue Chip Nikkei 225 ended the year 16% higher at 27444.17 near 30 year highs. Japanese stocks were boosted by safe haven yen buying and massive BoJ ETF purchases and monetary policy fed optimism surrounding COVID-19 vaccines and unprecedented stimulus measures from global central banks boosting risk sentiment.

IMF to Mobilize $1 Trillion Loan Capacity To Fight Virus Damage

In response to the Coronavirus panic effect on world economies the IMF issued a statement Monday that it’s ready to mobilize a $1 trillion loan capacity to fight the virus. This is crucial where emerging markets unable to tap debt markets,

Japanese Industrial Production Continues To Fall With Contraction of Global Economy

Japan’s preliminary industrial production for November came in at -4.2% m/m, much lower than an already anemic expected -2.0%.In May the Nikkei Japan Manufacturing PMI® business outlook turned pessimistic for the first time in six-and-a-half years.

Japanese Japan Manufacturing Output Fall Continues With Weak Demand

The Nikkei Japan Manufacturing PMI® in May showed output was reduced for a fifth successive month as demand from both domestic and overseas markets fell. Cusiness outlook turned pessimistic for the first time in six-and-a-half years.