One of central banking’s most aggressive easers—the Bank of Japan—may soon have to think about tightening for the first time since 2007.
The latest buzz in Japanese monetary-policy circles is that the BOJ may have to lift the 10-year government-bond target from the latest cut to zero.
It wouldn’t be the first to blink. On Thursday the European Central Bank, which like the BOJ has driven interest rates down and pumped cash into the economy with vast bond buying, announced that its continued easing would be combined with some tightening.
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The dollar gained on Monday as a near-certain interest-rate increase by the Federal Reserve was set for later this week when the Federal Open Market Committee meets. The Nikkei 225 was up for the fifth day overnight partly owing to the weak yen and the expected rise in interest rates later this week by the Fed. The index edges 0.8% higher to 19,155.03, it's highest closing sine December last year The broader Topix added 0.4 percent to 1,531.43 and the JPX-Nikkei Index 400 advanced 0.4 percent to 13,712.76. The Hang Send was up 1.44%; the ASX was higher 0.04%; the Kospi up 0.13%
China has it's own problems as investors shun markets there government crack down on insurance companies buying stocks and some comments out Sunday by Trump. The Shanghai Composite Index ended down 2.5%, the biggest one-day drop in percentage terms since June 13, with nearly 1,000 stocks in the red. The Shenzhen Composite Index ended 4.9% lower, the biggest daily drop since Feb. 29. Oil prices jumped in early Asian trade, as investors react to the weekend's news of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia arriving at their decision to cut in Vienna, a first since 2001. The deal will help to ease a global supply glut after more than two years of low prices. U.S. crude rose 4.76% at $53.95 a barrel while Brent crude leaped 4.2% to $56.61.
Gold was off 0.58%,trading at 1152.90, -6.80.
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The dollar gained on Monday as a near-certain interest-rate increase by the Federal Reserve was set for later this week when the Federal Open Market Committee meets. The Nikkei 225 was up for the fifth day overnight partly owing to the weak yen and the expected rise in interest rates later this week by the Fed. The index edges 0.8% higher to 19,155.03, it's highest closing sine December last year The broader Topix added 0.4 percent to 1,531.43 and the JPX-Nikkei Index 400 advanced 0.4 percent to 13,712.76. The Hang Send was up 1.44%; the ASX was higher 0.04%; the Kospi up 0.13%
China has it's own problems as investors shun markets there government crack down on insurance companies buying stocks and some comments out Sunday by Trump. The Shanghai Composite Index ended down 2.5%, the biggest one-day drop in percentage terms since June 13, with nearly 1,000 stocks in the red. The Shenzhen Composite Index ended 4.9% lower, the biggest daily drop since Feb. 29. Oil prices jumped in early Asian trade, as investors react to the weekend's news of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia arriving at their decision to cut in Vienna, a first since 2001. The deal will help to ease a global supply glut after more than two years of low prices. U.S. crude rose 4.76% at $53.95 a barrel while Brent crude leaped 4.2% to $56.61.
Gold was off 0.58%,trading at 1152.90, -6.80.
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