Ueda: Japan's surplus rests on investment income of over 6% of GDP, kept up by firms' saving
In the IMF's Camdessus lecture the BoJ governor traced how firms became chronic net savers after the bubble and offset ageing households.
Yen
BoJ September minutes: hike to around 1.25% passed 7-2, Asada and Sato voted to hold
Released on 5 November, the minutes show members citing the Middle East, AI demand and the yen as references for timing, and two dissents on the strength of the economy.
Bank of Japan's JGB holdings fall to 505.3 trillion yen, 52.9 trillion less than a year ago
The Bank's accounts for 31 October show total assets of 626.2 trillion yen, against 696.3 trillion a year earlier, while current deposits were 418.5 trillion.
BoJ sets out how it will judge whether underlying inflation is anchored at 2%
Box 5 of the October Outlook full text lists three tests; firms' expectations are converging towards 2% while households' still vary widely.
BoJ: import prices of durable goods up over 10%, half of it from the weak yen
The full text of the October Outlook Report, released on 2 November, traces business-to-business price rises into consumer goods and expects durable goods inflation to accelerate toward end-2026.
BoJ raises its fiscal 2027 inflation forecast to 2.6% and sees upside risks
The October Outlook Report puts core CPI at 2.5% for fiscal 2026 and 2.6% for 2027, says underlying inflation is consistent with the 2% target and warns expectations could drift higher.
BoJ holds at 1.25% on an 8-1 vote, more than doubles its ETF sales pace
Board member Takata proposed 1.5%, citing underlying inflation at target; ETF sales rise from about ¥330 billion to about ¥860 billion a year at book value from January 2027.
BoJ Tokyo central rate: dollar at 157.84 yen on 28 October, before the policy meeting
The day's range was 157.76–158.03 and spot turnover $2.86 billion; the Bank's Monetary Policy Meeting runs 29–30 October with the decision and Outlook Report due on the 30th.
Japan's hotel rates rose 9.7% in September; services PPI ex-shipping held at 2.9%
Excluding international transport the rate was 2.9%; ocean freight, up 97.7% on the year, made the biggest contribution, with hotels also accelerating.
Bank of Japan's stability report puts the foreign shadow-banking sector at the centre of AI risk
The October Financial System Report judges Japan's banks sound but refines its stress tests around foreign non-bank financiers of the AI buildout and rising Tokyo property prices.