July 8, 1991 |
The flow of capital in Japan declined last year for the first time in several years, the Bank of Japan said. Caution in lending by financial institutions was one reason for the turnaround in the flow of capital. Another was a slowdown in asset-price growth resulting from the Bank of Japan's tight grip on credit.
August 12, 2000 |
The Bank of Japan raised interest rates for the first time in 10 years, rejecting an unprecedented request from the government for a delay and ending its 18-month experiment with virtually free money. In a declaration of independence, the central bank's Policy Board voted by an undisclosed majority to raise its overnight rate target to 0.25% from virtually zero.
January 18, 2007 |
The Bank of Japan kept its key interest rate unchanged at 0.25% today, reflecting caution among central bankers and raising questions as to whether the bank had bowed to pressure from the government. Prominent Japanese media, in the run-up to the meeting, had reported that the bank was unlikely to raise rates. Prior to those reports, investors had been braced for a tightening. The Bank of Japan has been in a quandary.
September 20, 1993 |
Japan's Central Bank to Cut Key Interest Rate: The Bank of Japan plans to cut its discount rate to a record low in an effort to perk up the economy, the semi-governmental Japan Broadcasting Corp. (NHK) reported. NHK said the Bank of Japan will lower the discount rate, charged on loans to commercial banks, from 2.5% to 2.0%. It would be the seventh such cut since July 1991.
December 30, 1991 |
Japan's central bank announced today that it will cut its official discount rate to 4.5% from 5.0%, effective immediately. The decision was made at a meeting of the Bank of Japan's special policy-making board, officials said. Today's cut in the key lending rate, the rate the central bank charges on loans to commercial banks, comes less than two months after another half-percentage-point reduction on Nov. 14.
February 22, 2007 |
Japanese stocks rallied and the yen fell today, despite the Bank of Japan's first interest rate increase since July. The Nikkei-225 stock index was up 1% to 18,087.84 at midday, after topping 18,000 for the first time in nearly seven years. The yen slid to 120.88 per dollar in New York on Wednesday from 120.22 on Tuesday. Today in Tokyo, the yen fell to 121.01. Analysts said markets were betting that policymakers would take a long time to meaningfully lift rates. Bank of Japan Gov.