The Bank of Japan refrained from adding to unprecedented monetary stimulus as Governor Haruhiko Kuroda said the blow to the economy from last week’s sales-tax increase will fade during the summer.
The growing complacency among foreign-exchange traders is handing Bank of Japan Governor Haruhiko Kuroda an opportunity to get the maximum effect should he choose to ease monetary policy further.
The following table shows economists’ forecasts for Japan’s interest rate applied to the complementary deposit facility, based on a survey conducted by Bloomberg News on March 28 to April 3.
Japanese banks are the most keen to lend companies money in 17 years. Corporate treasurers don’t need the cash.
CBRE Group Inc., the world’s biggest real estate services company by market value, is moving its Tokyo operations to new premises in the Marunouchi district, consolidating four separate locations.
Japanese stocks rose, with the Topix index rebounding from a six-week low, as the yen held losses against the dollar and investors weighed sanctions imposed on Russia after Crimea’s referendum.
Mitsubishi UFJ Financial Group Inc., Japan’s largest financial firm by market value, plans to boost its mergers and acquisitions business in Singapore by moving bankers into the unit that makes corporate loans.
Japan’s economy expanded less than estimated in the fourth quarter and the current-account deficit widened to a record in January, highlighting risks to Abenomics as a sales-tax increase looms.
Japan’s Topix index fell, after posting its biggest weekly advance in three months, as the yen rose and insurers and developers led declines.
The following table shows economists’ forecasts for Japan’s interest rate applied to the complementary deposit facility, based on a survey conducted by Bloomberg News on Feb. 26 to March 4.