Monetary Policy

Former Japan currency chief says FX intervention should be backed by rate hikes

Nakao warned that the yen could weaken further if the BOJ was slow to raise interest rates

The yen could be cheap because investors are worried about the danger that Japan will lose its fiscal and monetary credibility.
THE BROAD VIEW

The weak yen and the weakening US dollar are signs of financial fragility

But neither Japan nor America should meddle with exchange rates

The central bank expects core inflation in Singapore to “increase modestly” in the near term.

Economists expect MAS to tighten monetary policy in April or July, after keeping settings unchanged in January

Despite maintaining its policy stance on Thursday, the central bank raises full-year core and headline inflation forecasts to 1-2%

The latest move comes after the central bank similarly kept settings unchanged in October and July 2025.

Singapore leaves monetary policy settings unchanged in January but raises inflation forecasts

MAS ups full-year core and headline inflation forecasts to 1-2%, from 0.5-1.5%

The BOJ increased interest rates to a 30-year high of 0.75 per cent at the December meeting.

Some in Bank of Japan saw need to watch weak-yen impact on prices in timing rate hike: December minutes

[TOKYO] A few Bank of Japan board members said the central bank must be mindful of the impact a weak yen could have on underlying inflation in deciding when to raise interest rates again, minutes of i...

The US dollar could rally 5% to 8% this year, says Standard Chartered's head of research and chief strategist Eric Robertsen.

US dollar will strengthen, Asia growth to ease in 2026: Standard Chartered

It expects Singapore’s central bank to be the first to tighten policy in the region

The US Justice Department’s criminal probe into Fed chair Jerome Powell over a building renovation project has cast uncertainty over inflation and monetary policy.
BT EXPLAINS

What’s next for home loan rates? Where interest rates are headed with Fed independence in question

Recent events surrounding the US central bank have clouded the outlook for further cuts in 2026

The yen weakened to as low as 159.45 per dollar this week, its softest level since Japan last intervened in July 2024.

Japan’s Katayama says all options open on yen, including joint action with US

[TOKYO] Japanese Finance Minister Satsuki Katayama said on Friday Tokyo would not rule out any options to counter excessive foreign exchange volatility, including coordinated intervention with the US,...

The choice of the next Fed chair should be guided by the objectives set by Congress, not by President Trump’s political interests and personal whims.

The last days of Fed independence?

If Trump appoints a pliant Federal Reserve chair and monetary policy is loosened, it could stoke inflation and hurt global economic stability