Wide gaps in interest rates could bring back the yen carry trade, in which investors borrow in Japan and deploy the funds in higher-yielding markets.
The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.
The Bank of Japan kept interest rates unchanged on Thursday and its governor offered few clues on how soon it could push up borrowing costs, sending the yen and bond yields tumbling on fresh doubts over the near-term chances of a rate hike.
The Bank of Japan held its policy interest rate steady on Thursday as it waits for uncertainties abroad to clear further and for more evidence of economic recovery at home.
Foreign investors divested Japanese stocks significantly in the week through Dec. 14, exercising caution ahead of policy meetings by the U.S. Federal Reserve and the Bank of Japan, and taking profits after a rally in the local market.
The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat that came after the US Federal Reserve forecast fewer rate cuts.
The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday December 19 - a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025.
By Octa - Jul 30, 2024 Takeaways The Bank of Japan (BOJ), Federal Reserve (Fed), and Bank of England (BOE) will announce their interest rate decisions and release their latest monetary statements ...
A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World,
The Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%. The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points ...
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