Makoto Sakurai said he expects the BOJ to raise rates twice during the year ending in March 2026, bringing the policy rate to 1%.
The Bank of Japan (BoJ) is the central bank of Japan. Established under the Bank of Japan Act in 1882, it is a juridical entity and neither a government agency nor a private corporation.
Wall Street was mixed with low volumes of trading Friday with major U.S. markets struggling to end in positive territory for the week. Futures for the S&P 500 were virtually unchanged before the bell,
Investors will be keeping an eye on the Japanese yen, which rose to a more than two-month high of 150.52 per U.S. dollar on Thursday.
Global equity markets fell while gold prices surged on Thursday, with traders marking one month since U.S. President Donald Trump's return to the White House and five years since COVID first rocked world markets.
Reuters forecasts a rise in Japan’s total trade balance for January to 2,100.5 billion yen ($138.1 million), from 130.9 billion yen the month before.
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