Latest The Bank Of Japan News

Weak yen, higher costs weigh on Japan business sentiment

Oct. 03, 2022 06:36 AM EDT

TOKYO (AP) — Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the world's third largest economy grapples with rising costs, a weakening currency and slowing global demand. The headline measure for the...

Asian shares mixed after Dow falls into bear market

Sep. 26, 2022 23:14 PM EDT

Stocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average fell into what’s known as a bear market. Tokyo, Sydney and Shanghai advanced while Hong Kong and Seoul declined. U.S. futures rose and oil prices also were...

Japan central bank acts to stem yen's decline against dollar

Sep. 22, 2022 06:26 AM EDT

TOKYO (AP) — Japan’s central bank took the unusual step Thursday of intervening in the market to stem the yen’s decline against the U.S. dollar. Earlier in the day, the dollar rose to nearly 146 yen — a 24-year low — after the Bank of Japan left its key lending rate...

Asia shares slip on inflation, China fears despite US rally

Jul. 20, 2022 23:40 PM EDT

TOKYO (AP) — Asian shares mostly slipped Thursday as optimism over earnings was tempered by persistent concerns about inflation and the Chinese economy, despite an overnight rally on Wall Street. Eyes are on the Bank of Japan, set to wrap up a two-day policy meeting, although...