BOJ cuts growth forecast, unveils climate scheme plan

16 Tháng Bảy 2021
BOJ cuts growth forecast, unveils climate scheme plan © Reuters. FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

By Leika Kihara and Daniel Leussink

TOKYO (Reuters) -The Bank of Japan cut this fiscal year's growth forecast on Friday but maintained its view the economy was headed for a moderate recovery, a sign monetary policy will be in a holding pattern for some time.

The BOJ also released an outline of its new scheme aimed at boosting funding for activities combating climate change, which will offer banks long-term loans at zero interest.

The climate scheme will be launched this year and last until fiscal 2030. The BOJ will offer funds to banks that extend green and sustainability-linked loans, as well as invest in green bonds and sustainability-linked bonds. Transition finance loans will also be applicable for the scheme.

The BOJ said it will not pay any interest incentives to banks that tap the scheme.

In fresh quarterly projections released on Friday, the BOJ said it expects the economy to expand 3.8% in the current fiscal year ending in March 2022, down from 4.0% projected in April.

But it revised up its growth forecast for next fiscal year to 2.7% from 2.4% on expectations that consumption will pick up as vaccinations accelerate.

"Japan's economy is likely to improve ... as the pandemic's impact gradually subsides due to progress in vaccinations," the BOJ said in a quarterly report.

"But the outlook is highly uncertain as domestic and overseas economies could be swayed by developments regarding the pandemic," it said.

As widely expected, the central bank left its yield curve control (YCC) target unchanged at -0.1% for short-term interest rates and 0% for 10-year bond yields at its two-day rate review that ended on Friday.

The BOJ sharply revised up its consumer inflation forecast for the current fiscal year to 0.6% from 0.1% due in large part due to recent rises in energy costs and commodities prices.

GREEN SHIFT

Separately, the BOJ also said it would start buying green bonds using its foreign reserves.

The BOJ's new green push showed it was now focusing on issues beyond the pandemic, said Capital Economics Senior Japan Economist Marcel Thieliant.

"While the Board is under no illusion that it will hit its 2% inflation target anytime soon, it has nonetheless scaled back policy support in recent months," Thieliant said.

"Indeed, the Bank has now shifted from crisis mode towards addressing long-term structural issues," he added.

A resurgence in infections has led the government to impose a new state of emergency in Olympic host city Tokyo less than two weeks before the Games, dashing policymakers' hope of a strong rebound in growth during the quarter.

Japan's economy shrank an annualised 3.9% in January-March and likely barely grew in the second quarter, as the pandemic took a toll on service spending.

Analysts polled by Reuters now expect the economy to grow 4.2% in the current quarter, lower than an estimate they made last month, due the hit from new pandemic curbs.

Để lại bình luận
03-08-2021 06:53:30 (UTC+7)

EUR/USD

1.1875

+0.0008 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (2)

EUR/USD

1.1875

+0.0008 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (2)

GBP/USD

1.3891

+0.0009 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (1)

USD/JPY

109.29

+0.01 (+0.01%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (4)

AUD/USD

0.7365

+0.0004 (+0.06%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (4)

USD/CAD

1.2500

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

129.77

+0.10 (+0.07%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (3)

EUR/CHF

1.0749

+0.0006 (+0.05%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

Gold Futures

1,816.15

-6.05 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

Silver Futures

25.453

-0.122 (-0.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

Copper Futures

4.4277

-0.0041 (-0.09%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (3)

Crude Oil WTI Futures

71.45

+0.19 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (4)

Brent Oil Futures

73.23

+0.14 (+0.19%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

Natural Gas Futures

3.974

+0.014 (+0.35%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

US Coffee C Futures

172.95

-6.60 (-3.68%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

4,116.62

+27.32 (+0.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

S&P 500

4,387.11

-8.15 (-0.19%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (5)

DAX

15,568.73

+24.34 (+0.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,081.72

+49.42 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Hang Seng

26,148.00

+240.00 (+0.93%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

2,218.51

-7.74 (-0.35%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (2)

IBEX 35

8,758.70

+83.00 (+0.96%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

66.305

-0.005 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Bayer AG NA

50.57

+0.21 (+0.42%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

194.20

-16.15 (-7.68%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Adidas AG

318.15

+11.30 (+3.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Deutsche Lufthansa AG

9.531

-0.017 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Siemens AG Class N

135.28

+3.46 (+2.62%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

10.510

-0.175 (-1.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1875↑ Buy
 GBP/USD1.3891↑ Buy
 USD/JPY109.29Sell
 AUD/USD0.7365↑ Sell
 USD/CAD1.2500↑ Sell
 EUR/JPY129.77Neutral
 EUR/CHF1.0749Buy
 Gold1,816.15↑ Sell
 Silver25.453↑ Sell
 Copper4.4277Neutral
 Crude Oil WTI71.45↑ Sell
 Brent Oil73.23Sell
 Natural Gas3.974Sell
 US Coffee C172.95↑ Sell
 Euro Stoxx 504,116.62↑ Sell
 S&P 5004,387.11Sell
 DAX15,568.73↑ Sell
 FTSE 1007,081.72↑ Sell
 Hang Seng26,148.00Sell
 Small Cap 20002,218.51Buy
 IBEX 358,758.70Neutral
 BASF66.305↑ Sell
 Bayer50.57↑ Sell
 Allianz194.20↑ Buy
 Adidas318.15↑ Buy
 Lufthansa9.531↑ Sell
 Siemens AG135.28Buy
 Deutsche Bank AG10.510↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,720
(5,660/ 5,720) # 643
SJC HCM5,650/ 5,720
(0/ 0) # 698
SJC Hanoi5,650/ 5,722
(0/ 0) # 700
SJC Danang5,650/ 5,722
(0/ 0) # 700
SJC Nhatrang5,650/ 5,722
(0/ 0) # 700
SJC Cantho5,650/ 5,722
(0/ 0) # 700
Cập nhật 03-08-2021 06:53:31
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,812.96-0.8-0.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
DO 0.05S1637016690
DO 0,001S-V1672017050
Dầu hỏa1539015690
ↂ Giá dầu thô thế giới
WTI$71.09+2.243.06%
Brent$73.00+1.992.65%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.820,0023.050,00
EUR26.546,4127.927,80
GBP31.098,6932.397,78
JPY204,02214,72
KRW17,2420,99
Cập nhật lúc 06:45:07 03/08/2021
Xem bảng tỷ giá hối đoái