Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds

Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds

Following the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene in bond markets. U.K. government bond yields have been erratic and the pound sterling also dropped to a lifetime low against the greenback. On Wednesday, […]

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed […]

‘No Plan to Issue CBDC’ — Bank of Japan Governor

‘No Plan to Issue CBDC’ — Bank of Japan Governor

Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), has said the bank is currently not planning to launch a digital currency. The remarks come just a few days after the BOJ announced the commencement of the second phase of central bank digital currency experiments. Role of CBDC in People’s Lives The governor of […]

Bank of Japan Expands CBDC Research, Appoints New Digital Payments Director

Bank of Japan Expands CBDC Research, Appoints New Digital Payments Director

The central bank of Japan has appointed a senior economist to lead the department overseeing central bank digital currencies (CBDCs). The Bank of Japan (BOJ) announced on Friday that senior bank official Kazushige Kamiyama will now be heading the payments and settlement department and managing CBDC research, Reuters reported. Japan Ramps Up CBDC Research Kamiyama … Continued

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