Bank of Japan Considers Bond Purchase Reduction Amid Moderate Economic Recovery
Sectors & Industries
June 19, 2024
The Bank of Japan kept its key short-term interest rate at 0% to 0.1% in June, following its first rate hike since 2007.
The board may consider reducing bond purchases in July.
Japan's economy has moderately recovered, with resilient private consumption but flat exports. Inflation remains around 2-2.5%.
On a separate note, Japan's fertility rate hit a new record low, with only 727,277 births last year.
In response, Tokyo launched a government dating app to encourage marriages and boost birth rates amidst ongoing population decline.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.