Professor Junichi Aomi was one of my mentors at the University of Tokyo.
Haruhiko Kuroda

Analytical philosophy: Haruhiko Kuroda (5)

Kuroda dives into his studies at the University of Tokyo

5 January 2024
The Bank of Japan is not expected to adjust its negative-rate policy this month after the Jan. 1 earthquake. (Photo by Nanami Sato)
Bank of Japan

BOJ easing exit in first half still on table despite earthquake

Disaster reduces odds of January policy shift but spring still seen likely

5 January 2024
Kyokoma classmates: I am in the front row, third from the left.
Haruhiko Kuroda

Studying for six years at Kyokoma: Haruhiko Kuroda (4)

Haruhiko Kuroda explores science, philosophy and politics as a young student

4 January 2024
My elementary school days during a visit to a movie studio: I am in the first row, wearing a hat. Hideko Takamine, a famous actor, is in the first row, fourth from the left.
Haruhiko Kuroda

The influence of great teachers: Haruhiko Kuroda (3)

Two elementary school teachers greatly influence Kuroda's future

3 January 2024
My father, Seizaburo, and mother, Yasuko.
Haruhiko Kuroda

The siren of independence: Haruhiko Kuroda (2)

Kuroda reflects on his early years and Japan's transition to independence

2 January 2024
Former BOJ Gov. Haruhiko Kuroda (Photo by Tomoki Mera)
Haruhiko Kuroda

Pursuing the national interest: Haruhiko Kuroda (1)

Former BOJ governor reflects on 56 years in public service

1 January 2024
Some of the Bank of Japan's policy board members are cautious about unwinding its ultraloose monetary policy too soon. 
Bank of Japan

BOJ policy board split on timeline for tightening policy

Doves eye spring labor talks while hawks warn of missing opportunity

28 December 2023
Despite consistently emphasizing that its 2% inflation target has not yet been reached, BOJ Gov. Kazuo Ueda has initiated forward-looking discussions on normalization.
Opinion

2024 outlook: The BOJ will choose its moment for normalization

Gov. Ueda seems impatient with Japan's lack of real wage growth

27 December 2023
Few market watchers expect multiple rate hikes from the Bank of Japan next year, unlike from the U.S. Federal Reserve. (Nikkei montage/source photos by Yumiko Oshima, Reuters)
Bank of Japan

Japan markets see little chance of BOJ rate hike cycle ahead

2-year yield near zero points to 'lower for longer' outlook

22 December 2023
Bank of Japan Gov. Kazuo Ueda struck a balanced tone at the post-policy-meeting news conference Dec. 19 as the central bank moves toward an exit from easing. (Photo by Nanami Sato)
Bank of Japan

BOJ's negative-rate exit may hinge on January, April inflation outlooks

With price growth looking stable, Japan central bank homes in on wages

20 December 2023
BOJ Gov. Kazuo Ueda arrives at the central bank on Dec. 19. (Photo by Suzu Takahashi) 
Bank of Japan

BOJ's Ueda 'throws cold water' on expectations for early policy shift

Japanese central bank stands pat, keeps easing bias, sending yen weaker

19 December 2023
Markets are watching the yen's volatility against the U.S. dollar as BOJ policy members meet for the last time this year. (Nikkei montage/Source photos by Satoko Kawasaki) 
Market Spotlight

Yen reverses downtrend as policy rates of BOJ and Fed set to move closer

Shift in foreign exchange market sends Japan Inc. scrambling

18 December 2023
Ueda told parliament Dec. 7 that managing the ultraloose monetary policy will become "more challenging" from now into next year. (Photo by Uichiro Kasai)
Bank of Japan

Japan's negative rate exit scenario muddled by Fed outlook

BOJ prepares to tighten monetary policy as other central banks signal loosening

14 December 2023
A Nissan Motor plant in Japan's Tochigi prefecture in October 2021.
Economy

Japan business mood rises for 3rd straight quarter on stronger demand

BOJ Tankan survey shows growing optimism among large companies

13 December 2023
U.S. Federal Reserve Chairman Jerome Powell and Bank of Japan Gov. Kazuo Ueda. The BOJ is signaling a potential end to easing as the Fed is seen exploring an end to tightening. (Nikkei montage/ Source photos by Reuters)
Currencies

Yen reaches crossroads as BOJ explores end to negative rates

Economic weaknesses cloud path to normalizing monetary policy

9 December 2023
The yen briefly surged to the 143 level against the dollar in New York.
Bank of Japan

Yen climbs to 141 in volatile trading after BOJ hints at policy shift

Ueda says maintaining current monetary policy will become 'more challenging'

8 December 2023
Market players anticipate an exit from Japan's policy of negative interest rates in early 2024.
Bank of Japan

BOJ lays groundwork for end of Japan's negative rates

Policy board members' comments indicate end to extreme easing on the horizon

7 December 2023
The Bank of Japan on Dec. 4 held its first workshop with outside experts in a broad-perspective review of the impact of its monetary easing. (Photo by Mizuho Hasegawa)
Bank of Japan

Japan bond liquidity worse under easing, BOJ review finds

Market conditions 'have improved' with changes to yield curve control

6 December 2023
Bank of Japan headquarters in Tokyo: The effects of monetary policy on the government as a borrower should be considered.
Opinion

Japanese macroeconomic policy is getting muddled

Logic of government's personal tax cut plan is hard to understand

4 December 2023
The Bank of Japan's paper losses on its Japanese government bond holdings have soared amid rising interest rates.
Bank of Japan

Bank of Japan's paper loss on JGB holdings grows to record $71bn

Higher rates could erode finances if central bank moves toward easing exit

29 November 2023
In his first seven months in office, Bank of Japan Gov. Kazuo Ueda has avoided any big surprises at all. 
Opinion

Bank of Japan dithering is weighing down the economy

Signs of recession are returning even as stock market reaches high

22 November 2023
The weak yen has boosted overseas demand for currency-hedged Japanese government bond investment.
Bonds

Foreigners hold more JGBs than Japan banks for first time

BOJ still dominates bond market, but weak yen has attracted global money

15 November 2023
Members of the Bank of Japan's policy board are watching for a feedback loop between higher wages and inflation. (Pool photo)
Bank of Japan

BOJ tests waters on exit from easing with talk of normalization

Policymakers discussed 'world where interest rates exist' at October meeting

10 November 2023
Bank of Japan Gov. Kazuo Ueda. The central bank chief on Nov. 6 told business leaders in Aichi prefecture that the likelihood of attaining the bank's 2% inflation target is "gradually rising."
Bank of Japan

BOJ chief sees increasing chance of achieving 2% inflation goal

Ueda remains on lookout for 'favorable' wage and price hike environment

6 November 2023
The yen slumped beyond after the Bank of Japan announced a tweak to its yield curve control policy. (Photo by Shinya Sawai)
2 November 2023