Japanese Banks Will Get Earnings Bump From Deposits at BOJ
Japanese banks will start earning billions of yen in interest on their deposits with the Bank of Japan after it scrapped negative rates.
Japanese banks will start earning billions of yen in interest on their deposits with the Bank of Japan after it scrapped negative rates.
The yen weakened after the Bank of Japan said it will continue to buy government bonds even as it brought an end to the world’s last negative rates regime and scrapped other unorthodox measures including yield curve control.
Australia’s central bank abandoned its mildly hawkish stance after keeping interest rates at a 12-year high, suggesting growing confidence that policy is gaining traction and restraining inflation.
Oil held a gain with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.
Congressional leaders and the White House reached a handshake deal to fund the US government through Sept. 30, according to people familiar with the negotiations, after six months of bitter ideological clashes delayed finishing an annual spending plan.
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