Bank of Japan sticks to ultra-easy policy amid 'extremely high' uncertainties; yen tumbles
Publishing timestamp: 2023-12-19 03:57:13
Summary
The Bank of Japan has decided to keep interest rates unchanged and maintain its ultra-loose monetary policy. The bank is cautious about unwinding its policy and is waiting for concrete signs of meaningful wage growth. The article discusses the potential for positive wage growth and the impact of inflation on consumer spending. The Bank of Japan's monetary policy is complex and differs from other major central banks. The bank is not directly influenced by the U.S. Federal Reserve's decisions.
Sentiment: MIXED
Tickers: 8301.T-JP, .N225, JPY=,
Keywords: breaking news: asia, nikkei 225 index, central banking, asia economy, business news, usd/jpy, economic events, japan, bank of japan, prices, personnel,