• Friday, February 28, 2020 - 03:21


    TOKYO (MNI) - The Bank of Japan said Friday that it would leave the frequency and scale of purchases of all Japanese government bonds in March unchanged from Feb.

    But the BOJ said it would conduct purchases in a flexible manner, taking account of market conditions, aiming to achieve the target level of a long-term interest rate specified by the guideline for market operations.

    Depending on conditions, purchase size per auction could be set at a fixed amount or to an unlimited amount, the BOJ added.

    The BOJ's schedule sees it refrain from conducting JGB buying operations on days when the Ministry of Finance holds auctions for JGBs or the BOJ board holds policy meetings.

    --CALENDAR

    The planned JGB purchase operations in March:

    The zones (amounts to b

  • Friday, February 28, 2020 - 01:50


    TOKYO (MNI) - The Bank of Japan said Friday a decision had been taken to postpone board member Hitoshi Suzuki's trip to Fukushima City, scheduled for Thursday March 5, due to the coronavirus outbreak.

    Suzuki had planned to speak to business leaders in Fukushima City and hold a news conference on Thursday. There is no rearranged date yet.

    --MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
    --MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

    [TOPICS: MMJBJ$,M$A$$$,M$J$$$]

  • Thursday, February 27, 2020 - 21:19


    By Hiroshi Inoue

    TOKYO (MNI) - Japan's industrial production rose for a second straight month in January, recovering from the sharp downturn in Q4, but Bank of Japan officials are still cautious on the outlook, expecting the negative impact of the coronavirus to begin in earnest this month.

    Japan's industrial production rose 0.8% m/m in January, a second straight gain following a 1.2% gain in December.

    Bank officials had expected a bounce in January factory output following weak Q4 data caused by a string of natural disasters and the October tax-hike.

    January's increase was led mainly by higher output of motor vehicles and transport equipment excluding automobiles.

    Shipment of capital goods excluding transport equipment that BOJ officials focus on fell 5.1% m

  • Thursday, February 27, 2020 - 20:44


    TOKYO (MNI) - The annual consumer inflation rate in Tokyo, a leading indicator of the national average, slowed down in February, propped up by high prices for food ex-perishables and services, data from the Ministry of Internal Affairs and Communications showed Friday.

    The key points from the latest Tokyo CPI data:

    --The Tokyo core consumer price index (excluding fresh food) rose 0.5% y/y in February, weaker than the MNI median economist forecast of 0.6% y/y. This was the 32st straight y/y rise following 0.7% y/y growth in January.

    --Energy costs dipped further by -3.0% y/y from -1.3% y/y recorded in January.

  • Monday, February 24, 2020 - 04:21


    BEIJING (MNI) - The People's Bank of China will lower the reserve ratio requirement for targeted banks further and adopt more tools to support small and medium enterprises impacted by the coronavirus epidemic, Deputy Governor Chen Yulu said on Monday.

    Commercial banks are being encouraged to sell more special financial bonds to boost capital to increase lending to small firms, Chen said at a press conference.

    Here are other takeaways:

    - Non-performing loan ratios for SMEs are "a bit" higher than the overall 1.86%, but still below the regulatory standard 5%, according to Chen.