Bank of Japan Ditches Inflation Target Date

The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say......»»

Monetary authorities galore have set inflation targets of around 2 percent, including the U.S. Federal Reserve, the European Central Bank and the Bank of England. But none has done so with as much gusto as the Bank of Japan, where Governor Haruhiko K.....»»

Japan will consider ditching its ultraloose monetary policy as soon as inflation meets the 2% inflation target, Bank of Japan Gov. Haruhiko Kuroda told CNBC in a weekend interview......»»

DailyFX com Talking Points The Bank of Japan left its monetary policy alone It also removed any precise mention of when inflation might hit its 2 target from the policy statement The Japanese Yen remains pressured against the US.....»»

Japan's central bank kept policy steady on Friday but, in a surprise move to analysts, ditched a timeframe it had set for hitting an inflation target. David Pollard reports......»»

Yen is weaker following The BOJ's decision (with one dissent) to leave policy rates unchanged and maintain their JGB holdings target. BoJ did downgrade their inflation outlook but made no mention of its ongoi.....»»

Bank of Japan Governor Haruhiko Kuroda on Monday stressed that the central bank would maintain its ultra-loose monetary policy until inflation hits its 2 percent target......»»

Japanese Yen: USD/JPY (JPY=X) Tokyo CPI On Deck The Bank of Japan has stubbornly held to its inflation of target of just under 2.0%, but this goal remains elusive. This week,.....»»

The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target......»»

The Bank of Japan pledged to keep interest rates "very low" for the time being and took measures to make its massive stimulus program more flexible on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target......»»

The Bank of Japan took measures to make its massive stimulus program more flexible and pledged to keep interest rates low for the time being on Tuesday, reflecting its forecast that it would take time for inflation to hit its 2 percent target......»»

The Bank of Japan takes measures to make its massive stimulus programme more flexible and pledges to keep interest rates low, in line with its forecast that it will take time for inflation to hit its 2 percent target. David Pollard reports......»»

The Bank of Japan pledged to keep its massive stimulus in place but made tweaks to reduce adverse effects of its policies on markets and commercial banks, reflecting the central bank's view that its inflation target remains stubbornly out of reach......»»

Japanese Yen: USD/JPY (JPY=X) inflation remains well below the Bank of Japan target of close to 2% In Japan, inflation remains well below the Bank of Japan target of close to 2%, and the business sector has lowered its expectations .....»»

As the Bank of Japan finally gives up on trying to hit its inflation target and resigns itself to the deflation that has already loomed over its economy for the past twenty years, the Japanese official birt.....»»

The Bank of Japan is expected to cut its inflation forecasts at next week's rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2 percent target......»»

The Bank of Japan is expected to cut its inflation forecasts at next week's rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2 percent target......»»

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. David Pollard reports......»»

The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the fe.....»»

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