No Data
The Bank of Japan has decided to keep the policy interest rate at 0.50%.
The Bank of Japan has decided today to keep the policy interest rate at 0.50% during the monetary policy meeting held on the 1st.
Japan Banks' Outstanding Loans Up 2.8% in March
Express News | Japan's FY2024/25 Bankruptcy Filings at 10,144 Cases, Most in 11 Years, Tokyo Shoko Research Says
Trump's 24% tariff "cuts off" expectations for central bank interest rate hikes, leading to the largest collapse in Japanese bank stocks in 8 months.
Due to concerns about the impact of USA tariffs on the Japan economy and the possibility that the Bank of Japan may pause interest rate hikes, the Banks index fell by more than 7%.
Chairman of the Japan Banks Industry Lobby: Companies affected by tariffs may need financing for business transformation.
The head of the Japan Banking Industry lobbying group stated that Japanese Banks may need to provide business turnover support to companies affected by tariffs imposed by the Trump administration in the USA. Many large Japanese companies, including major exporters and manufacturers, are struggling to cope with the tariffs on imported Steel and Aluminum, as well as the 25% tariff on imports of Autos and light trucks that takes effect this week. "Junichi Hanzawa, the newly appointed president of the Japan Bankers Association, said in an interview: "We believe that tariffs may lead to a deterioration in corporate profitability." Hanzawa added: "We must determine if this will impact..."
Nikkei Up 0.2%, Led by Bank Stocks -- Market Talk
