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JPY Daily News
Bank of Japan to Alter Monetary Policy; Yen Weakening
The Japanese economy has been brought sharper into focus this past week with news surrounding the speculation that the Bank of Japan (BOJ) will alter its monetary policies to help weaken the yen. It appears the BOJ has called for an emergency meeting this morning to discuss easing its monetary policy.
With the USD/JPY rising towards highs unseen in over a decade, Japan appears anxious to push back against its currency's rising value but is hesitant in doing so. While the JPY continues to advance, the BOJ has appeared to have come to the decision to alter its policies and attempt a weakening of its currency before its export industries suffer any further. This morning's policy statements by the BOJ will likely set the trend for the yen for the next few weeks.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/30 | ||||||||
| JPY |  Monetary Policy Statement | * | * | * |  | |||
| JPY | Overnight Call Rate | 0.10% | 0.10% | 0.10% |  | |||
| 06:30 | JPY | BoJ Press Conference | * | * | * | | ||
| 00:15 | JPY | Manufacturing PMI | 52.8 | * | 50.1 |  | ||
| 00:30 | JPY | Prelim Industrial Production | m/m | -1.1% | -0.3% | 0.3% | | |
