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The Bank of Japan declared that its underlying inflation target of 2% has been met, the first time it has done so since the target was set in 2013. The central bank held rates at 1.25% as expected, staying at highest level since 1995.
With markets virtually certain that the central bank will hold the policy rate at 1.25%, all eyes are on what clues Gov. Kazuo Ueda could give about the timing of the next rate hike.
CNBC's reporter Lisa Kim shares what the market is expecting from this week's Bank of Japan's interest rate decision, especially on inflation assessment after conducting a survey with 16 economists.
Japan companies compensate users as cyberattacks buffet economy
South Korean and Japanese stocks fell on Tuesday despite an overnight rebound in US technology shares, as investors remained unwilling to rebuild exposure to Asia's biggest artificial intelligence trades before a crucial earnings week. The KOSPI was down 2.36% at 5,631.95 by 11:20 am in Seoul, after touching 5,493.24.
Japan's inflation report could shape the BOJ's next rate move as USDJPY, EURJPY and GBPJPY test key technical levels.
Japan's Nikkei 225 rebounded sharply on Friday as lower US Treasury yields and a late Wall Street recovery encouraged investors back into stocks battered by this week's AI-led sell-off. The benchmark rose 1.82% to 65,598.63 by 10:02 am in Tokyo, after plunging 4.9% on Thursday to 64,425.95, its biggest daily percentage decline since March.
South Korean and Japanese stocks rebounded on Wednesday as investors returned to semiconductor and AI shares hammered in Tuesday's rout, though the recovery stopped well short of signalling an all-clear. The KOSPI was up about 1.5% at 6,123 by 11:30 am in Seoul after briefly gaining more than 2%, while the Nikkei 225 rose 0.61% to 68,193.13 at Tokyo's midday break.