BOJ ex-board member says another rate hike unlikely this year
The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a “toss up” whether there will be another before March. Go to Source
Bank of Japan
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Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar
This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk of Market Intervention The yen’s sharp drop to 158.283 per dollar signals a substantial downturn for the currency. This … Read more
Japanese yen-backed digital currency, DCJPY, to go live in July 2024
A group of Japanese companies, united behind the DeCurret brand, intends to launch the coin in July 2024. Go to Source
Japan launches digital yen pilot project after second successful proof of concept
With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback. Go to Source Powered by WPeMatico
7 central banks and BIS continue examination of ongoing policy issues for retail CBDC
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC. Go to Source Powered by WPeMatico
Japan plans to form expert panel to explore digital yen: Report
The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years. Go to Source Powered by WPeMatico
US contemplates ‘expanding’ emergency lending facility for banks: Report
While the Federal Reserve liquidity offerings must be equally accessible to “all eligible users,” unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits. Go to Source Powered by WPeMatico
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar … Read more
The Bank of Japan to launch its CBDC pilot before May
The Bank decided to launch a pilot program for “digital yen” in April, after finishing its Proof of Concept testing, that has begun in 2021. Go to Source Powered by WPeMatico
Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes
No change in central bank policy from Japan causes ruffled feathers on forex markets, but Bitcoin remains tied to a trading zone near two-month highs. Go to Source Powered by WPeMatico
