BOJ ex-board member says another rate hike unlikely this year
The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a “toss up” whether there will be another before March. This post was originally published on this site
Japan launches digital yen pilot project after second successful proof-of-concept
With the end of the proofs-of-concept, the Bank of Japan has initiated its CBDC pilot and plans to gather more public and business feedback.This post was originally published on this site
Japan plans to form expert panel to explore digital yen: Report
The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years. This post was originally published on this site
US contemplates ‘expanding’ emergency lending facility for banks: Report
While the Federal Reserve liquidity offerings must be equally accessible to “all eligible users,” unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits.This post was originally published on this site
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar […]
The Bank of Japan to launch its CBDC pilot before May
The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021.This post was originally published on this site
Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%
The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers […]
Bitcoin ditches $16K dip as ‘Leeroy Jenkins’ Bank of Japan flattens dollar
BTC price sees short-term relief as the DXY falls, but Bitcoin analysts warn that Japan’s move means carnage for global markets.This post was originally published on this site
Bank of Japan to Launch Digital Yen Pilot Program Next Year
The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions, and experimenting with its functionality in environments […]
Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected
The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since 1998. Gap Between US Treasuries and […]