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BOJ

European Central Bank President Christine Lagarde is said to be considering stepping down early to deny euroskeptic leaders the chance to influence who follows in her role.
BUSINESS / Markets / ANALYSIS
Feb 27, 2026
Under pressure from populist politicians, central bankers face tricky trade-off
How can central banks defend their independence and their credibility without appearing political themselves?
The government's interest payments on outstanding debt are projected at ¥21.6 trillion in the year starting April 2029, up from the current year’s budgeted ¥10.5 trillion.
BUSINESS
Feb 26, 2026
Japan sees interest payments doubling by 2029 as BOJ hikes rate
Interest payments are projected at ¥21.6 trillion ($139 billion) in the year starting April 2029, up from the current year’s budgeted ¥10.5 trillion.
Prime Minister Sanae Takaichi has nominated a pair of university professors associated with reflationary economic policies to replace outgoing members of the Bank of Japan policy board.
BUSINESS / Economy
Feb 25, 2026
Takaichi’s reflationist BOJ picks push up long-term bond yields
The nomination of pro-reflation academics is likely to further fuel speculation that Prime Minister Sanae Takaichi is cautious of the central bank raising interest rates quickly.
Former Bank of Japan Gov. Haruhiko Kuroda speaks during an interview in Tokyo on Tuesday. Kuroda has warned that Prime Minister Sanae Takaichi's spending plans could stoke an inflationary upswing.
BUSINESS / Economy
Feb 25, 2026
Former BOJ chief Kuroda calls for rate hikes and tighter fiscal policy
Former Bank of Japan Gov. Haruhiko Kuroda has warned that Prime Minister Sanae Takaichi’s spending plans could stoke an inflationary upswing.
An electronic quotation board displays the foreign exchange rate of the Japanese yen against the U.S. dollar in Tokyo on Feb. 9.
EDITORIALS
Feb 20, 2026
Takaichi’s next challenge: a stronger yen
Takaichi’s mandate and her vision promise stability and consistency in economic policymaking, with a focus on restoring growth. A stronger yen will help achieve those objectives.
Consumer prices excluding fresh food rose 2% from a year earlier in January, the smallest gain since January 2024, after the gauge climbed 2.4% in the previous month.
BUSINESS / Economy
Feb 20, 2026
Japan’s CPI cools to slowest pace in two years on distortions
Temporary factors and food prices drove the slowdown.
Prime Minister Sanae Takaichi's government is likely to propose replacements for two of the nine-member board at a parliamentary session as soon as next Wednesday, sources say.
BUSINESS / Economy
Feb 19, 2026
Takaichi’s first BOJ member picks could hint at her desired rate path
Following her landslide election victory, Prime Minister Sanae Takaichi has a chance to use her historic mandate to stack the board with reflationists.
Bank of Japan Governor Kazuo Ueda after a BOJ policy meeting in January
BUSINESS / Markets
Feb 16, 2026
Takaichi-Ueda meeting most notable for what might not have been said
The prime minister not putting pressure on the central bank’s governor could prove to be significant.
Etsuro Honda, an economic adviser to Prime Minister Sanae Takaichi speaks during an interview Thursday in Tokyo.
BUSINESS / Economy
Feb 14, 2026
Takaichi expecting additional BOJ rate hike — but not in spring — adviser says
Etsuro Honda, an economic adviser to the Japanese leader, said he believes a hike of 0.25 percentage point will come “in the not-so-distant future.”
Naoki Tamura, a member of the Bank of Japan's policy board
BUSINESS / Economy
Feb 13, 2026
BOJ hawk Tamura flags spring as possible timing for rate hike
Naoki Tamura’s remarks suggest that Gov. Kazuo Ueda will probably face increased opposition if he decides to stand pat at the next policy meetings through April.
Copper cathode sheets at a mining complex in Morenci, Arizona. Japan's producer prices of nonferrous metals surged 33% in January due to soaring copper prices.
BUSINESS / Economy
Feb 12, 2026
Japan producer prices rose 2.3% in January, BOJ reports
The pace of increase in the producer price index, which measures the costs of goods traded between companies, slowed from a 2.4% gain the previous month.
Prime Minister Sanae Takaichi speaks at a news conference on Monday following a landslide victory of her Liberal Democratic Party in Sunday’s Lower House election.
BUSINESS / Markets
Feb 12, 2026
Japan investors remain wary Takaichi will spur another meltdown
Worries that she would add to Japan’s mountain of public debt prompted yields to spike last month to the highest levels in decades.
Prime Minister Sanae Takaichi speaks during a news conference at the Liberal Democratic Party's headquarters in Tokyo on Monday.
BUSINESS / Economy
Feb 11, 2026
Ruling bloc’s election victory may affect BOJ monetary policy
Sanae Takaichi favors fiscal expansion and monetary easing, while the central bank is seeking to continue raising interest rates to normalize its monetary policy.
Japanese workers’ real wages fell 0.1% from a year earlier in December, the labor ministry said Monday, extending declines to every month of 2025 amid persistent inflation.
BUSINESS / Economy
Feb 9, 2026
Japan’s real wages drop extends to full year as prices advance
The decline bolsters the case for Prime Minister Sanae Takaichi to continue down a more expansionary fiscal path after she secured a sweeping election victory.
A Bank of Japan board member signals further rate hikes may be needed to complete policy normalization, fueling speculation of an early increase.
BUSINESS / Economy
Feb 6, 2026
BOJ board member adds to signals pointing to interest rate hikes
“I am convinced that continuing with further policy interest rate hikes will be needed to complete the normalization of monetary policy in Japan,” Kazuyuki Masu said Friday.
A screen displays Japanese and U.S. 10-year government bonds outside a securities firm in Tokyo on Jan. 21.
COMMENTARY / Japan
Feb 4, 2026
Japan’s bond market has a warning for America
Reality, however, has a way of catching up with theory eventually, and now it has for Japan, whose long-term bond yields are rising as the yen is depreciating.
The Bank of Japan's summary of opinions signals the possibility of Gov. Kazuo Ueda’s board raising the benchmark rate at a faster pace than the market consensus estimate.
BUSINESS
Feb 2, 2026
BOJ summary suggests emerging urgency around timely rate hikes
The summary signals the possibility of Gov. Kazuo Ueda’s board raising the benchmark rate at a faster pace than the market consensus estimate.
A board showing the yen's exchange rate with the U.S. dollar in Tokyo on Wednesday.
BUSINESS / Markets
Jan 30, 2026
Japan business leader calls on government to act more on yen rate
The comments came as the weak yen continues to hurt smaller firms by pushing up import costs and narrowing room for wage increases.
The U.S. Treasury Department's semiannual report cited "the prospects for more expansionary fiscal policies" under the administration of Japanese Prime Minister Sanae Takaichi as a reason for the yen's weakening.
BUSINESS / Economy
Jan 30, 2026
U.S. removes call for BOJ to raise interest rates
The U.S. Treasury Department removed its call for the Bank of Japan to raise interest rates in a semiannual report released Thursday.
The Bank of Japan's holdings of commercial papers could hit zero in the coming weeks,  underscoring Gov. Kazuo Ueda’s persistent march toward normalizing an extraordinary monetary easing program that lasted for more than a decade.
BUSINESS
Jan 29, 2026
BOJ set to see progress with balance sheet cuts with CPs at zero
The outstanding amount of commercial paper holdings on the central bank’s books has dropped to ¥29.9 billion as of Jan. 20, according to BOJ data last week.

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