Category: japan
-
Monetary and Economic Studies (Volume 41) Released by the Institute for Monetary and Economic Studies, Bank of Japan
The Institute for Monetary and Economic Studies has announced the publication of the English-language journal “Monetary and Economic Studies (Volume 41).” “Monetary and Economic Studies” compiles research outcomes by the staff of the Institute for Monetary and Economic Studies, contributions from external researchers, and summaries of conferences organized by the institute. It is issued approximately…
-
Bank of Japan’s Financial Snapshot – November 2, 2023
The Bank of Japan recently unveiled its financial status as of October 31, 2023, shedding light on the institution’s diverse portfolio and ongoing initiatives. The total assets of the bank stand at an impressive 750.65 trillion yen. Noteworthy among the assets are substantial holdings in government bonds, with long-term bonds totaling 592.28 trillion yen, reflecting…
-
Bank of Japan’s Market Operations: Outright Purchases of CP and Corporate Bonds
The Bank of Japan has announced the schedule for outright purchases of Commercial Paper (CP) and corporate bonds from November to December 2023. Commercial Paper (CP) Purchases: Corporate Bonds Purchases: These operations are crucial for maintaining market liquidity and supporting financial stability. Note that the mentioned auction amounts are approximate, and the actual figures will…
-
Bank of Japan’s U.S. Dollar Funds-Supplying Operations: Purpose and Impact Explained
The Bank of Japan’s U.S. Dollar Funds-Supplying Operations serve a crucial role in maintaining financial stability. By offering U.S. dollar funds through auctions, the central bank aims to ensure liquidity in the market and stabilize exchange rates. The operations are instrumental in addressing short-term funding needs, enhancing market confidence, and preventing disruptions. The unlimited funds…
-
BIS Asian Consultative Council Releases Report on Inflation and Financial Stability Framework in Asia-Pacific
The Asian Consultative Council of the Bank for International Settlements (BIS) published a report titled “Inflation, external financial conditions and macro-financial stability frameworks in Asia-Pacific” on October 10. The report summarizes how central banks in the Asia-Pacific region responded to various shocks in 2022, employing a combination of policies such as monetary policy, macroprudential policy,…
-
Bank of Japan Implements Common Collateral Fund Supply Operation to Boost Financial Market Stability
In a move to enhance financial market stability and address liquidity needs, the Bank of Japan has announced the initiation of a Common Collateral Fund Supply Operation. This operation, scheduled to commence on October 6, 2023, will provide a lending period of 5 years until October 10, 2028. The primary objectives of this operation are…
-
Bank of Japan Announces Additional Schedule for Long-Term Government Bond Purchases
The Bank of Japan’s Financial Markets Bureau is letting people know they’ve decided to include an extra date for buying long-term government bonds in October 2023. Here are the key points: They also mention that, based on how things are going in the market, they might keep buying more of these long-term government bonds and…
-
Bank of Japan Announces Schedule for Climate Change Support Funding Operations
The Bank of Japan has decided to implement funding operations to support efforts addressing climate change. The schedule for these operations is outlined as follows: 1. Timetable 2. Offer Dates and Details http://www.boj.or.jp/mopo/mpmdeci/mpr_2023/mpr231002a.pdf
-
Japan’s Commitment to Basel III Implementation Reinforced Amid Recent Banking Turmoil
The Central Bank Governors and Heads of Supervision Group, the top body of the Basel Committee on Banking Supervision, released a press release on September 11, titled “Central Bank Governors and Heads of Supervision Group Approve Measures to Address Recent Banking Turmoil and Reaffirm Priority on Basel III Implementation.” For more details, please refer to…
-
Japan’s JGB Fails: An Insight into the Financial Landscape
Japan’s financial market witnessed notable developments in the past few years, particularly in the government bond sector. Here’s a comprehensive overview of the JGB (Japanese Government Bonds) market for the years 2020 to 2023, with a focus on the year 2022 and the recent data from August 2023. 2020: 2021: 2022: 2023 (January to August):…
-
Economic Outlook and Monetary Policy Address in Japan’s Eastern Region
In a recent address at the Hokkaido Eastern Region Financial and Economic Forum, Bank of Japan’s Policy Board member Naoki Tamura discussed the nation’s economic conditions and monetary policy operations. Here are the key points: 1. Economic Conditions: Household Sector: Personal consumption is gradually increasing at a steady pace, supported by pent-up demand stemming from…
-
Financial Research Institute Publishes Discussion Papers in Japan
The Bank of Japan’s Financial Research Institute has released the following papers as part of its “Discussion Paper Series.” These papers provide insights into various financial topics and their applications, offering valuable contributions to the field of financial research in Japan. http://www.boj.or.jp/research/imes/dps/dps230823.htm
-
Japan’s Corporate Price Index Shows Slight Increase in July 2023
The latest data released by the Bank of Japan’s Survey and Statistics Bureau reveals that Japan’s domestic corporate price index has shown a slight increase in July 2023. The index, which measures the changes in prices of goods and services produced by domestic companies, rose by 0.1% compared to the previous month. However, on a…
-
Bank of Japan Releases Data on Failed Transactions and Buy-Ins in Japanese Government Bonds (JGBs)
The Bank of Japan’s Financial Markets Department has recently published data related to failed transactions and buy-ins in Japanese Government Bonds (JGBs) for the month of July 2023. The report sheds light on the occurrence of failed transactions, their settlement status, and the measures taken to resolve them, providing insights into the dynamics of the…
-
Globalization of Service Transactions Reflected in Japan’s Balance of Payments Statistics
The balance of payments statistics regarding service transactions in Japan shows an increase in both receipts and payments, reflecting the globalization of service trade. Analyzing the breakdown by transaction characteristics, service receipts and payments related to the movement of goods and production activities have undergone changes aligned with the global restructuring of manufacturing processes. On…
-
Bank of Japan Implements Flexible Yield Curve Control to Sustain Monetary Easing Amid Economic Uncertainty and Inflation Targets
The Bank of Japan held a press conference on July 28, 2023, lasting about 60 minutes. During the conference, the decisions made and the outlook report were explained. Regarding the decision of the meeting, the Bank of Japan unanimously agreed to maintain the current levels for the short-term policy interest rate at -0.1% and the…
-
The 12th Japan-China-Korea Trilateral Central Bank Governors’ Meeting Held in Yokohama
12th Japan-China-Korea Trilateral Central Bank Governors’ Meeting was held in Yokohama after a gap of four years. Lee Chang-yeong, the Governor of the Bank of Korea, chaired the meeting, with Pan Gongsheng, Secretary of the Communist Party Committee of the People’s Bank of China, and Ueda Kazuo, Governor of the Bank of Japan, in attendance.…
-
Japan Bank’s Funding Operation to Support Climate Change Measures: Results of Loan Implementation
The Japan Bank has successfully executed a funding operation aimed at supporting measures to address climate change. This operation, conducted in alignment with its commitment to promote environmentally sustainable initiatives, has yielded positive results. Summary: The funding operation targeted member financial institutions of the central system (excluding counterparties in the Bank of Japan’s current account…
-
Japan: Survey on Awareness of Living Condition
The Bank of Japan’s Information and Services Bureau has released the results of the “Survey on Awareness of Living Conditions,” conducted from May 11 to June 6, 2023. The survey targeted individuals aged 20 and above across the country, with a total of 4,000 respondents and 2,110 valid responses, resulting in a response rate of…
-
Financial Measures Announced for Victims of Heavy Rain Disasters in Toyama, Japan
On July 14th, Reiwa 5 (2023), Mr. Kaya Temochi, Director of the Toyama Financial Office of the Hokuriku Finance Bureau, and Mr. Hisayoshi Yoshihama, Director of the Kanazawa Branch of the Bank of Japan, announced financial measures in response to the disasters caused by heavy rainfall since July 7th, Reiwa 5 (2023). The measures are…