
The yen remains weak despite the BOJ's policy shift
The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.
8 articles on BOJ

The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.

Official figures for May show that inflation in Japan is under control, but energy subsidies mask very real underlying pressure.

Japan's Minister of Economy warns against a too-sharp rise in interest rates just minutes before the Bank of Japan's decision. The yen and the USD/JPY are under pressure.

The dollar remains strong against the yen despite Governor Ueda's hawkish comments. The USD/JPY pair is holding steady at 159.93 as an imminent rate hike looms.

Tokyo's inflation rate in May came in below expectations. The Bank of Japan may reconsider its plan to raise interest rates in June.

The Bank of Japan has seen its net profit plummet due to higher interest payments on commercial banks' reserves. Positive interest rates are proving costly.

Ryozo Himino, deputy governor of the Bank of Japan, reaffirms the upward trajectory of Japanese interest rates. Only an escalation in the Middle East could change the situation.

Rising energy prices prompt the Bank of Japan to revise its inflation forecasts upwards. A major turning point for Japanese monetary policy and the yen.