Japan
Masayoshi Amamiya favoured to become next BoJ governor
Analysts reflect on next BoJ governor’s most pressing challenges and Kuroda’s legacy
BoJ deputy governor warns against more yield curve tweaks
Masazumi Wakatabe says further policy changes could undermine stimulus efforts
BoJ should consider ending yield curve control – IMF
Fund warns inflation risks could force central bank to take “much stronger” action
Japanese inflation hits 41-year high
Inflation now double the BoJ’s target, but officials are not convinced it will last
Bank of Japan defies expectations of yield curve change
Governor says it will take time for last month’s yield curve tweak to play out
Bank of Japan to raise inflation forecasts, reports say
Central bank said to be likely to project nearly 2% annual inflation for 2024
Bank of Japan surprises analysts with yield curve tweak
But governor Kuroda says the move is not a rate hike nor a step to end easy policy
BoJ accord may be revised with more flexible inflation target
Planned revision could lead the BoJ to tweak its ultra-loose policy, reports say
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Book notes: Zero interest rate policy and the new abnormal, by Michael Beenstock
Author's contention that asset purchases caused the low neutral rate of interest is entertaining and infuriating in equal measure
BoJ to test CBDC next year, reports say
Two-year pilot project will examine whether digital currency can work without internet access
BoJ maintains ultra-loose monetary policy
Kuroda says BoJ has no plans to tighten policy soon and warns over risks from weak yen
Japan to conduct unscheduled bond-buying operations
BoJ announcement comes as yen nears 32-year low against the dollar
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Japan intervenes in FX market for first time in 24 years
Yen falls below 145 to the USD after the BoJ kept ultra-low rates unchanged
Is there a case for a retail CBDC in Japan?
A BoJ-managed, account-ledger ‘digital yen’ tied to the new Kotora payments may offer some potential
Economy’s ‘first responders’ now in the line of fire
Forceful but late interventions to combat inflation raise the risk of central bank overreactions
BoJ conducts FX rate check amid falling yen
Analysts question whether FX intervention is feasible without monetary policy shift
Japan unlikely to bolster yen, analysts say
BoJ governor and finance minister say rapid shifts in currency are “undesirable” and “unfavourable”
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Will the dollar remain the world’s reserve currency?
Bank of Russia sanctions are unlikely to undermine the US dollar’s central role in reserve portfolios. But a relative decline in US economic weight and technological innovation are benefiting other currencies
CBDC launch still on the table, BoJ says
Senior official dismisses media reports on cancellation of CBDC plans
The case for restoring the role of monetary aggregates
Tim Congdon argues that a surge in money supply in response to Covid-19 sparked heightened inflation and central banks need to refocus their attention on monetary aggregates
BoJ unlikely to move policy to counter yen weakness
The Bank of Japan is wary of raising rates or even increasing its yield control target to tackle yen depreciation, which it views as being exacerbated by foreign speculators, writes Sayuri Shirai