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Top related persons:
Androniki - 1 Takata - 1 Hajime Takata - 1 Policymaker Takata - 1 Haruhiko Kuroda - 1 Leika Kihara - 1 Tetsushi Kajimoto - 1 Takahiko Wada - 1
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Search resuls for: "Policymaker Takata"


2 mentions found


☆ BOJ policymaker sees shift in Japan's deflationary mindset
  + stars: | 2023-09-06 | by ( Leika Kihara | ) www.reuters.com   time to read: +3 min
Policymaker Takata stressed the need to maintain ultra-loose monetary policy for the time being, as slowing global growth was heightening uncertainty on whether the Bank of Japan's (BOJ) 2% inflation target was sustainably achievable. In an earlier speech, he said he believe Japan's economy was "finally seeing early signs" of achieving the 2% target. Two other BOJ board members earlier gave diverging views on how soon the central bank should consider scaling back its radical stimulus. Japan's core inflation hit 3.1% in July, exceeding the BOJ's 2% target for the 16th straight month. BOJ officials have said the central bank must keep interest rates ultra-low until robust domestic demand and sustained wage growth replace rising import costs as key drivers of inflation.
Persons: Androniki, Takata, Hajime Takata, Policymaker Takata, Haruhiko Kuroda, Leika Kihara, Tetsushi Kajimoto, Takahiko Wada, Tom Hogue, Lincoln, John Stonestreet Organizations: REUTERS, Bank of Japan's, CHINA IMPACT, Thomson Locations: Japan, Tokyo, TOKYO, China, CHINA
☆ BOJ policymaker Takata rules out ending yield cap - Nikkei
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +1 min
Under YCC, the Bank of Japan (BOJ) sets a -0.1% target for short-term interest rates and caps the 10-year bond yield around 0% to achieve its 2% inflation target in a sustainable manner. Markets are simmering with speculation the BOJ could remove the 10-year yield cap to address the mounting cost of prolonged easing, such as the distortions its huge bond buying is causing in the shape of the yield curve. "Unfortunately, I don't think Japan is in that phase yet," Takata told the Nikkei in an interview published on Saturday, on whether the central bank could ditch YCC. While it wasn't easy to sustainably achieve the BOJ's 2% inflation target, there were some positive signs in corporate capital expenditure and wages, Takata was quoted as saying. Reporting by Leika Kihara; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
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