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The Japanese government has set guidelines to advance the digital securitization of local government bonds (Security Tokens) issued by local governments. The government plans to submit the relevant bill to the ordinary parliament in 2026, and will determine the specific countermeasures according to the needs of the local governments within this month. Experts point out that digital local bonds based on blockchain technology can be issued and settled quickly without intermediaries, and can grasp ...
Japanese Prime Minister Takaichi Sayo: The Bank of Japan is raising interest rates to achieve its 2% inflation target steadily and sustainably. (Jin Ten)
JPMorgan economist Ayako Fujita said in a note that the Bank of Japan may continue to raise interest rates to ease concerns about the weakness of the yen. Bank of Japan Governor Kazuo Ueda said at a press conference on Friday that some committee members have expressed concerns about the impact of the weaker yen on future inflation. Many reporters have questioned whether the continued depreciation of the yen is because the Bank of Japan has delayed policy adjustments. JPMorgan expects the Bank of...
Japan's Economy and Finance Minister Minoru Tomauchi said on Friday that he respected the Bank of Japan's decision to raise interest rates to 0.75 percent, but that it was necessary to closely monitor the economic outlook. "When formulating economic and fiscal policies, we believe that several factors need to be closely watched, such as the impact of U.S. trade policy, the impact of continued price increases on private consumption, and volatility in financial and capital markets," he said. Tomau...
According to @QuintenFrancois, bitcoin prices fell during the last three interest rate hikes by the Bank of Japan: March 2024 → -27% July 2024 → -30% January 2025 → -30%
Bank of Japan Governor Kazuo Ueda said he would decide whether to raise interest rates after assessing the impact of a rate hike to 0.75% on the economy and prices. (Jin Ten)
Bank of Japan Governor Kazuo Ueda said that real interest rates are expected to remain significantly low, and loose monetary conditions will support the economy.
The Bank of Japan raised the base rate from 0.5% to 0.75%, in line with market expectations. Interest rates hit a 30-year high, which is also the first time the Bank of Japan has raised interest rates in 11 months after January 2025. (Jin Ten)
Many economists and market participants expect the BoJ to raise interest rates at a rate of roughly every six months. JPMorgan economist Ayako Fujita falls into this camp, but notes that the exact timing will also depend on the government's macroeconomic stance. "Markets are likely to remain skeptical that the BoJ will be able to move forward with monetary policy normalisation without friction with the government. Ultimately, the pattern of yen depreciation supporting BoJ rate hikes is likely to...
According to the Nikkei Shimbun, the Bank of Japan will hold a monetary policy meeting on December 18-19 to raise the policy interest rate currently at 0.5%, and it has now entered the final coordination stage. The most likely plan is to raise the interest rate by 25 basis points to 0.75%, reaching the highest level in the 30 years since 1995. Bank of Japan Governor Kazuo Ueda and other executives have hinted at their intention to submit a rate hike proposal. According to a survey, among the nin...
