BOJ executives probably want to raise short-term rates at least to 1.5% by the end of fiscal 2026, so they have scope to reduce borrowing costs when the economy faces another downturn, Sakurai said.
The BOJ decided on Friday to offer no new lending from July under its fund-provisioning program to stimulate bank lending. The program’s outstanding loans stood at ¥77 trillion ($496 billion ...
Japanese nominal wages rose at the fastest pace in nearly three decades, supporting the Bank of Japan’s latest rate hike decision and keeping the bank on track for further tightening steps. Nominal ...