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Search resuls for: "Leika Kihara Daniel Leussink"


3 mentions found


☆ Japan govt set to appoint academic Ueda as next BOJ governor, Nikkei reports
  + stars: | 2023-02-10 | by ( Leika Kihara Daniel Leussink | Leika Kihara | Daniel Leussink | ) www.reuters.com   time to read: +2 min
Tokyo, Feb 10 (Reuters) - Japan's government is likely to appoint Kazuo Ueda, an academic and a former member of the central bank's policy board, as the Bank of Japan's next governor, the Nikkei newspaper reported on Friday. The government will also nominate Ryozo Himino, former head of Japan's banking watchdog, and BOJ executive Shinichi Uchida as deputy governors, the Nikkei said. The government initially sounded out incumbent Deputy Governor Masayoshi Amamiya for the top BOJ job, but he declined, the Nikkei reported without citing sources. The yen strengthened from around 131.55 yen per dollar to around 130.60 after the Nikkei report. In an opinion piece that ran on the Nikkei in July last year, Ueda said warned the BOJ against prematurely raising interest rates just because inflation briefly exceeded 2%.
☆ Japan ramps up intervention threats after yen slides past key 150 level
  + stars: | 2022-10-20 | by ( Leika Kihara Daniel Leussink | Leika Kihara | Daniel Leussink | ) www.reuters.com   time to read: +6 min
Kanda, vice finance minister for international affairs, said he will not comment on whether Japan was intervening now or have stepped into the currency market earlier on Thursday. Japanese Finance Minister Shunichi Suzuki also told reporters after the yen's latest slide that he will "take decisive action" against excessive, sharp yen moves. "We cannot tolerate excessive, rapid currency market moves driven by speculative action," Suzuki said. The yen's break of 150 against the dollar took it to its weakest level since August 1990. The BOJ, for its part, ramped up efforts to defend its 0% bond yield cap earlier on Thursday with offers of emergency bond buying.
☆ Yen slides past key 150 level, markets brace for intervention
  + stars: | 2022-10-20 | by ( Leika Kihara Daniel Leussink | Leika Kihara | Daniel Leussink | ) www.reuters.com   time to read: +5 min
The break above the key milestone heightens pressure for Tokyo to step into the currency market again to rein in the yen's relentless decline, which is adding to the country's already swelling import bill. "We cannot tolerate excessive, rapid currency market moves driven by speculative action," Suzuki said. The BOJ, for its part, ramped up efforts to defend its 0% bond yield cap earlier on Thursday with offers of emergency bond buying. The Ministry of Finance's dollar-selling, yen-buying intervention last month was the first time authorities had acted in the markets to prop up the yen since 1998. The yen's tumble below 150 against the dollar on Thursday took it to its weakest level since August 1990, keeping investors on high alert to the possibility of another Japanese intervention in the currency market.
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