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The federal judiciary announced a policy shift that would require the assignation of random judges to curb the issue of "judge shopping."
Barely weeks after Japanese stocks broke three-decade highs, the country's financial markets are hurtling toward another phenomenon not seen for the best part of a generation: rising interest rates. Bankers are attending remedial classes on what to do when rates move and trading rooms are setting up for moribund derivative markets to spring to life -- as they have begun to do. Their pricing implies a matter of months at the most before the last bastion of a decades-long monetary policy experiment with negative short-term rates falls.
TOKYO (Reuters) -The Bank of Japan can avoid upending global markets with its policy shift by moving gradually when raising interest rates and providing clear communication along the way, International Monetary Fund First Deputy Managing Director Gita Gopinath said on Friday. Japan's output gap will stay closed into next year and this year's annual wage negotiations will produce wage growth higher than last year, allowing the central bank to end its yield curve control (YCC) and massive asset-buying programme, she said. Ending its negative interest rate policy in place since 2016, ...
(Bloomberg) -- Japan’s benchmark government bond yield fell to the lowest since August and the Nikkei 225 stock gauge was on course to close at a 33-year high as traders trimmed bets for an interest rate hike in the next few months.Most Read from BloombergApple Races to Tweak Software Ahead of Looming US Watch BanApple to Halt US Sales of Smartwatches After Patent LossTrump Should Be Barred From US Presidency, Colorado Court SaysWhat If Putin Wins? US Allies Fear Defeat as Ukraine Aid StallsCiti
Japan's central bank chief faces a key test of his communication skills at next week's monetary policy meeting, where he is expected to keep alive prospects of an end to negative rates while hosing down excitement that such a move is imminent. Less than a year into the job, Bank of Japan Governor Kazuo Ueda has already wrong-footed markets twice in comments about the future of policy, most recently last week when bond yields and the yen surged on expectations of a near-term shift in rates. It has been more than 16 years since Japan's last interest rate hike and financial marke...