11-25-2016, 11:15 PM
Japanese households and companies continue to hold onto cash rather than spending or investing, highlighting the ongoing challenge to revitalize the economy. Households held 920 trillion yen ($9.1 trillion) of their assets in cash or deposits at the end of the quarter through June, the second-highest level on record, a report by the Bank of Japan showed Monday. Corporate cash and deposits stood at 242 trillion yen, an all-time high after a revision of data for previous periods, according to the report.
Japanese Companies and Households Continue to Pile Up Cash - Bloomberg
The Bank of Japan on Thursday offered to buy an unlimited amount of Japanese government bonds at fixed rates for the first time since the introduction of a new policy framework — a sign of its concerns over recent rises in yields. The move is the first clear sign from the central bank that it intends to take action to keep a lid on rising yields, and took market participants by surprise.
Bank of Japan unveils surprise bond-buying plan - MarketWatch