Global Statistics

All countries
531,222,652
Confirmed
Updated on May 28, 2022 8:08 pm
All countries
487,603,037
Recovered
Updated on May 28, 2022 8:08 pm
All countries
6,310,242
Deaths
Updated on May 28, 2022 8:08 pm
Saturday, May 28, 2022

Global Statistics

All countries
531,222,652
Confirmed
Updated on May 28, 2022 8:08 pm
All countries
487,603,037
Recovered
Updated on May 28, 2022 8:08 pm
All countries
6,310,242
Deaths
Updated on May 28, 2022 8:08 pm
Molderizer and Safe Shield

BOJ to maintain huge stimulus as Ukraine crisis adds to economic woes

Pandemic Updates From Readers – The New York Times

Pandemic Updates From Readers  The New York Times Source link

SD County’s COVID-19 Hospitalizations Increase By 6 to 176

A medical staff member treats a patient suffering from the coronavirus disease COVID-19 in the Intensive Care Unit at Scripps Mercy Hospital in...

Occupational burnout in Iranian health care workers during the COVID-19 pandemic | BMC Psychiatry

WHO Coronavirus Disease (COVID-19) Dashboard Data last updated: 2021/08/07. https://covid19.who.int/.Wan Z, Lian M, Ma H, Cai Z, Xianyu Y. Factors associated with burnout...

Coronavirus: Study links COVID to impaired heart function and warns to focus on early signs

For those who have had COVID, an effect on heart problems can complicate the recovery. Though COVID is primarily a respiratory problem, the...

Covid-weary Americans enter Memorial Day with little effort to contain a still-raging pandemic

Placeholder while article actions loadFor the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus...


A view of signage outside the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon

Register now for FREE unlimited access to Reuters.com

  • Board seen keeping interest rate targets unchanged
  • Policy decision expected 0200-0400 GMT
  • BOJ may offer gloomier view on economy, keep recovery forecast
  • Governor Kuroda to stress resolve to maintain stimulus
  • Kuroda likely to brief media at 0630 GMT

TOKYO, March 18 (Reuters) – The Bank of Japan is set to maintain its massive stimulus on Friday and focus on risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier amid a global shift towards tighter monetary policy.

While inflation is seen approaching or even exceeding its 2% target in coming months, the BOJ is in no mood to withdraw stimulus as it sees the recent energy-driven price rise as transitory and a possible threat to an economy only just recovering from the coronavirus pandemic.

BOJ Governor Haruhiko Kuroda is likely to stress his resolve to sustain huge monetary support until the rise in inflation is accompanied by strong wage growth.

Register now for FREE unlimited access to Reuters.com

“I don’t think Japan is in a condition where inflation stably hits 2%, even when the impact of cellphone fee cuts taper off and energy prices rise further,” Kuroda told parliament on Thursday. read more

Japan’s core consumer prices rose 0.6% in February from a year earlier, data showed on Friday, below the BOJ’s target but marking the fastest pace in two years in a sign of growing inflationary pressure from higher energy costs.

At a two-day meeting ending on Friday, the BOJ is widely expected to maintain its short-term rate target at -0.1% and that for the 10-year bond yield around 0%.

The BOJ’s dovish tone would be in stark contrast with the U.S. Federal Reserve, which raised interest rates on Wednesday for the first time since 2018 and laid out plans for aggressive tightening to combat surging inflation.

The Bank of England followed suit on Thursday with a third consecutive meeting of rate hikes to stop fast-rising inflation becoming entrenched. read more

With supply disruptions and COVID-19 curbs having hobbled growth in the current quarter, the BOJ may offer a bleaker view on the economy than in January – when it said there were “clearer signs of pick-up.” read more

In a sign of the pain rising fuel costs is already inflicting on households, consumer inflation data showed energy and electricity bills both shooting up by around 20% in February from year-before levels, the fastest pace since 1981.

But the central bank is expected to roughly maintain its projection of a moderate economic recovery, as policymakers prefer to wait for more clarity on how the war in Ukraine could affect the global growth outlook, analysts say.

Register now for FREE unlimited access to Reuters.com

Reporting by Leika Kihara; Additional reporting by Kantaro Komiya; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

Pandemic Updates From Readers – The New York Times

Pandemic Updates From Readers  The New York Times Source link

SD County’s COVID-19 Hospitalizations Increase By 6 to 176

A medical staff member treats a patient suffering from the coronavirus disease COVID-19 in the Intensive Care Unit at Scripps Mercy Hospital in...

Occupational burnout in Iranian health care workers during the COVID-19 pandemic | BMC Psychiatry

WHO Coronavirus Disease (COVID-19) Dashboard Data last updated: 2021/08/07. https://covid19.who.int/.Wan Z, Lian M, Ma H, Cai Z, Xianyu Y. Factors associated with burnout...

Related Articles

Pandemic Updates From Readers – The New York Times

Pandemic Updates From Readers  The New York Times Source link

SD County’s COVID-19 Hospitalizations Increase By 6 to 176

A medical staff member treats a patient suffering from the coronavirus disease COVID-19 in the Intensive Care Unit at Scripps Mercy Hospital in...

Occupational burnout in Iranian health care workers during the COVID-19 pandemic | BMC Psychiatry

WHO Coronavirus Disease (COVID-19) Dashboard Data last updated: 2021/08/07. https://covid19.who.int/.Wan Z, Lian M, Ma H, Cai Z, Xianyu Y. Factors associated with burnout...