Japan Post, Banking Unit
· 8d
Investors target Japan bank shares in bet on rising BOJ rates
Japan Post Bank to Offer Around $4 Billion Worth of Shares
Japan Post Bank plans to offer roughly around $4 billion worth of shares currently held by its parent, Japan Post Holdings. The Japanese bank announced Thursday that Japan Post Holdings intends to sell 361.8 million shares, with the offering price to be determined between March 10 and March 12.
· 1d
Japan Post Plans Sale of $4.2 Billion Stake in Banking Unit
Consumer inflation in the Tokyo metropolitan area grew at a slower pace in February, cooling speculation about an early interest-rate increase by the Bank of Japan.
University professor Junko Koeda is set to become the newest member of the Bank of Japan’s policy board, a move that could further the central bank’s push toward policy normalization.
Japan’s largest opposition party wants to use the Bank of Japan’s exchange-traded funds to help cover the cost of making high school education free as part of the normalization of monetary policy, according to a party official.
Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise much in the historically deflation-prone economy.
The Bank of Japan will keep tapering its government bond purchases despite recent rises in yields, deputy governor Shinichi Uchida said on Friday, stressing its huge bond holdings continue to exert a strong stimulus effect on the economy.
Bank of Japan Governor Kazuo Ueda on Thursday warned of "very strong" uncertainty on the global economic outlook that required vigilance in setting monetary policy.
Although the Bank of Japan is raising borrowing costs and Japanese Government Bond yields are the highest in 15 years, "real" inflation-adjusted rates in the world's fourth-largest economy are actually negative and the lowest in years.
The Bank of Japan may raise interest rates in March if U.S. President Donald Trump pushes through on his tariff threats and adds to already mounting domestic inflationary pressures, former central bank board member Sayuri Shirai said on Friday.
Investors in Japan's government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan, which is showing little sign of reverting to a hands-on approach despite the recent steady rise in long-term interest rates.
Bank of Japan Gov. Kazuo Ueda promised to respond to abnormal rises in bond yields, as expectations for monetary tightening sent Japanese government bond yields to multiyear highs.
Bank of Japan Governor Kazuo Ueda said on Friday the central bank stands ready to increase government bond buying if long-term interest rates rise sharply.
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