In addition to raising interest rates, the Bank of Japan is expected to reduce its purchases of Japanese government bonds as it ends its yield curve control policy.
Economy

Japan debt servicing costs face climb as BOJ ends negative rates

Interest payments could triple in 10 years, squeezing government coffers

20 March 2024
Japanese Finance Ministry officials worried that the yen could fall lower if Bank of Japan Gov. Kazuo Ueda stressed keeping monetary policy loose. (Photo by Koji Uema)
Bank of Japan

Yen, wages and politics forced BOJ's hand on March rate hike

Earthquake took January off table; currency slump spurred move before April

20 March 2024
BOJ Governor Kazuo Ueda speaks at a news conference at the bank's headquarters in Tokyo on March 19. (Photo by Mayumi Tsumita)
Bank of Japan

BOJ ends negative rates, leaves questions over policy direction

Ueda vows to 'set monetary policy like other normal central banks'

19 March 2024
Investors are now asking whether the BOJ will further raise rates this year, and if so, at what pace. (Photo by Nanami Sato)
Markets

Japanese yen slides past 150 after BOJ decision to raise rates

Nikkei average regains 40,000 line; Topix rises 1%

19 March 2024
The Bank of Japan is preparing to end major parts of its monetary easing program at this week's policy board meeting. (Photo by Yuji Murakami)
Bank of Japan

BOJ to end yield curve control and ETF purchases Tuesday

Negative interest rates also ending in Japanese monetary policy shake-up

19 March 2024
The Nikkei Stock Average rose over 1,000 points on March 18. (Photo by Yuji Murakami)
Markets

Japan's stocks rise over 2% as BOJ rate hike expectations build

Annual wage deals give weight to prospects for higher interest rates

18 March 2024
Surprisingly generous pay raises at some of Japan's biggest corporations might have finally persuaded the Bank of Japan to start moving away from its unconventional monetary policy. (Nikkei montage/Akira Kodaka, Yuji Murakami, and pool)
Market Spotlight

Japan's wage hikes create game-changing inflation dynamic as BOJ meets

Market braces for comprehensive overhaul of the central bank's monetary policy

18 March 2024
Japan's benchmark Nikkei Stock Average hit a record high on Mar. 4: Unlike 1989, there are strong fundamental factors supporting the recent run-up. (Photo by Akira Kodaka)
Opinion

Japan's stock market rally can outlast negative interest rates

Governance reforms and other initiatives are transforming the economy

18 March 2024
Philippine President Ferdinand Marcos Jr. talks with U.S. Secretary of State Antony Blinken in Manila in August 2022. The two will meet again this week.
Your Week in Asia

BOJ monetary policy, Blinken meets Marcos in Manila, GoTo earnings

Your weekly lineup of Asia's biggest business and political events

17 March 2024
The Bank of Japan is moving toward its biggest monetary policy shift in more than a decade. (Photo by Nanami Sato)
Bank of Japan

BOJ to end negative rates, marking 1st hike in 17 years

Japan central bank moves toward normalizing policy amid rising wages

16 March 2024
A union employee writes the status of responses to labor-management negotiations on a whiteboard in Tokyo on March 13. (Photo by Suzu Takahashi)
Economy

Japan's unions win biggest wage hike since 1991 in 'stage change'

Preliminary tally shows 5.28% increase, giving BOJ impetus to hike rates

15 March 2024
Bank of Japan Gov. Kazuo Ueda has said the outcome of annual negotiations between labor unions and employers will factor into his decision. (Source photos by Nikkei)
Bank of Japan

BOJ to discuss negative rate exit next week as Japan pay raises grow

New data on wage hikes to play key role in policy decision

14 March 2024
A gathering of the Japan Federation of Basic Industry Worker's Union on March 1. Labor unions are expecting their biggest wage increases in decades.
Business trends

Japanese companies boost wages in departure from 'lost decades'

Toyota, Nippon Steel agree to historic pay hikes ahead of BOJ meeting

13 March 2024
Growing expectations the Bank of Japan could exit its negative interest rate policy at its meeting next week have pushed up the yen and dragged on stocks. (Photo by Yuji Murakami)
Markets

Japan stocks fall 3% at one point as yen rallies ahead of BOJ meeting

Shares expected to continue dropping in near term if yen keeps climbing

11 March 2024
The yen strengthened to the 147 range against the dollar for the first time in about a month on March 7. (Photo by Yutaka Miyaguchi)
Bank of Japan

Speculation on BOJ ending negative rates in March jolts yen, stocks

Japanese currency touches 1-month high against dollar

8 March 2024
The Bank of Japan is expected to keep observing until the last minute, before deciding at its March 18-19 policy board meeting whether to end the policy of negative interest rates. (Photo by Nanami Sato)
Bank of Japan

Odds rise that Japan will lift negative interest rates in March

BOJ Gov. Ueda says outcome of annual wage talks this month will be pivotal

2 March 2024
A person shops at a supermarket in Tokyo. (Photo by Nanami Sato)
Inflation

Japan's core inflation falls to lowest level in 22 months

Core CPI, which excludes fresh food, slows to 2%, matching BOJ target

27 February 2024
The BOJ is widely expected to end its negative interest policy, introduced in January 2016, this spring. (Source photos by Nanami Sato and Kohnosuke Urata)
Market Spotlight

Japan stocks give boost to BOJ's case for monetary tightening

Investors anticipate rate hike to 0-0.1% in April as Japanese yen hovers near 34-year low

26 February 2024
I hope to pass on lessons learned to students in Japan and abroad. Pictured at the National Graduate Institute for Policy Studies in Tokyo.
Haruhiko Kuroda

Academic life: Haruhiko Kuroda (29)

Kuroda enters academia to share his experience with future generations

8 February 2024
European Central Bank President Christine Lagarde and I have known each other for a long time.
Haruhiko Kuroda

International connections: Haruhiko Kuroda (28)

Kuroda reflects on his interactions with financial officials and Nobel-winning economists

7 February 2024
The Bank of Japan is widely expected to end its negative interest rate policy in the coming months.
Bank of Japan

Additional BOJ hikes seen by some once negative rates end

Overseas investors in particular view possibility of successive hikes

7 February 2024
BOJ staff see me off as I left from the bank's headquarters on my retirement on April 7.
Haruhiko Kuroda

Leaving the BOJ governorship: Haruhiko Kuroda (27)

Kuroda's long run as head of the Bank of Japan ends amid international discord

6 February 2024
During the pandemic, the Bank of Japan held branch general managers meetings in a hybrid format. I am on the far left in this meeting in July 2021.
Haruhiko Kuroda

The COVID-19 pandemic: Haruhiko Kuroda (26)

BOJ works to keep Japanese economy afloat during unprecedented challenge

5 February 2024
Shaking hands with Prime Minister Shinzo Abe as I was reappointed the governor of the Bank of Japan in April 2018.
Haruhiko Kuroda

The introduction of yield curve control: Haruhiko Kuroda (25)

BOJ's new framework intended to raise inflation, but wage growth remained sluggish

2 February 2024
I met People's Bank of China Gov. Zhou Xiaochuan, left, and Bank of Korea Gov. Lee Ju-yeol, right, during their visit to Japan in October 2016.
Haruhiko Kuroda

Negative interest rates: Haruhiko Kuroda (24)

Decision barely passes at BOJ's monetary policy meeting by a thin 5-4 majority

1 February 2024