Friday, September 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Money

Bank of Japan holds negative rates, tweaks easing policy

AFPbyAFP
March 19, 2021, 8:05 pm
in Money
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Tokyo —The Bank of Japan on Friday maintained its negative interest rate and tweaked its monetary easing program as it battles to boost inflation and shore up the pandemic-hit economy.

The adjustment, which marginally expands the fluctuation in long-term rates for 10-year bonds that the bank will accept, is seen as a potential forerunner to further tweaks in policy.

The bank also said it would allow more flexibility in its stock purchases, dropping a target for its intervention in the Tokyo stock market, which has strongly recovered since crashing in spring 2020 as the pandemic began to bite.

The bank’s policies were otherwise largely left untouched after its two-day meeting, with an interest rate of -0.1 percent left intact, as well as an annual ceiling on stock purchases. Tokyo’s Nikkei index tumbled 1.5 percent with selling picking up after the announcement.

The central bank is attempting to tailor its policies to respond to the pandemic and keep on track towards its longstanding goal of two percent inflation, which remains far from sight.

“It is important to strike an appropriate balance between maintaining market functioning and controlling interest rates by allowing interest rates to fluctuate to a certain degree,” it said.

“For the time being, the bank will closely monitor the impact of COVID-19 and will not hesitate to take additional easing measures if necessary,” it added.

Despite a spike in infections this winter, Japan has seen a comparatively small outbreak overall with around 8,700 deaths, and has avoided imposing the blanket lockdowns seen in other countries.

At its last meeting in January, the BoJ revised its growth outlook upwards for the next two years, even as it warned that the pandemic makes forecasts more difficult.

Analysts said the bank was giving itself slightly more flexibility.

The decision are about paving the way for “more accommodation in the form of rate cuts if necessary, and removing unnecessary restrictions that they had placed on themselves,” said Stephen Innes, chief global markets strategist at Axi.

“They’ve also put in provisions to allow themselves to handle rate rises as well. It seems fairly balanced on the whole,” he wrote in a note.

Tom Learmouth, Japan economist at Capital Economics, said the bank was rearranging “the furniture to prepare for (a) prolonged hold.”

He expects the bank policies to stay unchanged “for the foreseeable future” and said neither the new fluctuation band for long-term yields nor the removal of guidance for stock purchases would have much effect immediately.

Tags: Bank of JapanCOVID-19EconomymoneyNikkei IndexTokyo
ADVERTISEMENT
AFP

AFP

Related Posts

DBP supports gov’t logistics master plan

byJulito G. Rada
September 28, 2023, 6:45 pm
0
8
DBM identifies projects eligible for over P9 billion LGU support fund

State-run Development Bank of the Philippines said Thursday it will extend technical and financial assistance to strategic initiatives to ensure...

Read more

Thrift banking industry remains strong — BSP

byJulito G. Rada
September 28, 2023, 6:30 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier said the thrift banking industry remains strong and resilient despite the uncertainties...

Read more

Finastra, Tonik renew digital banking tie-up in the Philippines

byManila Standard Business
September 28, 2023, 11:25 am
0
8
Neobank Tonik says deposits surpass P5b

Finastra renewed its partnership to power Tonik’s end-to-end core banking capabilities with Finastra Essence in the Philippines. Under the new...

Read more

Deloitte acquires Philippines-based financial advisory firm Primeiro

byManila Standard Business
September 28, 2023, 9:59 am
0
8
Deloitte acquires Philippines-based financial advisory firm Primeiro

Global professional services group Deloitte acquired Philippines-based financial advisory firm Primeiro Partners (Primeiro) to establish and stamp its leadership in...

Read more

BPI eyes P5b from fixed-rate bond offering

byJulito G. Rada
September 26, 2023, 9:30 pm
0
8
BPI encourages SME clients to avail of 60-day reprieve

Bank of the Philippine Islands, the third-largest lender in terms of assets, said Tuesday it will offer peso-denominated fixed-rate bonds...

Read more

BPI to issue P5 billion worth of bonds

byJulito G. Rada
September 26, 2023, 1:26 pm
0
8
BPI’s income increased 1.8% to P17.5b in 1st three quarters

Bank of the Philippine Islands, the third-largest lender in terms of assets, said Tuesday it will offer peso-denominated fixed-rate bonds...

Read more

Print Edition

View More

Recent Posts

  • Caluag seeks repeat of Incheon 2014 as he targets gold in BMX Racing in Hangzhou
  • Smart unveils Super Value Deals for prepaid subscribers
  • Stocks fall on profit-taking, end 6-day advance
  • Filipinas make history, take on Asia’s no. 1 Japan
  • Experience cutting-edge HVAC Solutions with LG, Hi-M Solutek
  • Researchers find no evidence vaping leads to smoking
  • Stephen Loman sees John Lineker as last hump before dream title shot
  • (no title)

Advertisement

Latest News

Researchers find no evidence vaping leads to smoking

byManila Standard Business
September 29, 2023, 5:24 pm
0
8
Researchers find no evidence vaping leads to smoking

A group of researchers found no evidence that the use of e-cigarettes and other alternative nicotine delivery products serves as...

Read more

Stephen Loman sees John Lineker as last hump before dream title shot

byManila Standard Sports
September 29, 2023, 4:54 pm
0
8
Stephen Loman sees John Lineker as last hump before dream title shot

No one would admit it, but Stephen “The Sniper” Loman knows the high stakes that hangs in the balance once...

Read more

byManila Standard Sports
September 29, 2023, 4:51 pm
0
8

The Lady Blazers celebrate. College of Saint Benilde mastered Far Eastern University as it nailed its first-ever V-League Women’s Collegiate...

Read more

BingoPlus renews partnership with PBA, recommits support for basketball and sports in general

byManila Standard Sports
September 29, 2023, 4:41 pm
0
8
BingoPlus renews partnership with PBA, recommits support for basketball and sports in general

BingoPlus, the official Bingo partner of the Philippine Basketball Association (PBA), has renewed its partnership with the league, ensuring that...

Read more

PBA-USANA Run set on Oct 22, lures 300 participants

byManila Standard Sports
September 29, 2023, 4:37 pm
0
8
Terrafirma picks Munzon first in stacked PBA Draft

SOME 3,000 running enthusiasts have registered for the PBA-USANA Run that will be held on October 22 at the scenic...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App