Japan - Bank of Japan (BOJ)

[behappyalways]

The Japanese central bank's hawk calls for interest rates to be 1%.
The yen breaks through 151, a new high this year.
Will Japan raise interest rates at least twice in the new fiscal year?
Extreme hawks advocate doubling interest rates.

日央大老鷹喊利率要1% 日圓衝破151今年新高 日新財年至少2次升息? 極鷹派提倡利率升1倍｜非凡財經新聞｜20250206

https://m.youtube.com/watch?v=rj5T28ICx6o

[behappyalways]

Ueda indicates BOJ still eyeing more rate hikes, boosting yen
https://www.theedgesingapore.com/news/j ... osting-yen

[winston]

Investors are expecting the BOJ to consider slowing reductions in its bond purchases next year, as the central bank focuses on avoiding big market disruptions and tries to wean the economy off a decade-long, massive stimulus.

Source: Reuters

[behappyalways]

BOJ Keeps Rates On Hold, Announces Tapering Of Taper
https://www.zerohedge.com/markets/boj-k ... ring-taper

[winston]

Bank of Japan turns less gloomy on economy, keeps rate-hike chance alive

Governor Kazuo Ueda cautions the impact of higher US levies on Japan’s economy remains uncertain

The Bank of Japan (BOJ) revised up its inflation forecasts on Thursday (Jul 31) and offered a less gloomy outlook on the economy than three months ago, keeping alive the possibility of a resumption in interest rate hikes this year.

The central bank also cited persistent rises in food costs as a potential driver of public perceptions around inflation and underlying price pressures.

“Underlying inflation still remains short of our 2 per cent target, but is expected to rise moderately” .

The BOJ may scrutinise data for two to three months, and hike rates in October at the earliest .

Source: Reuters

https://www.businesstimes.com.sg/compan ... ance-alive

[winston]

BOJ may slightly revise up this year's growth forecast, sources say

The Bank of Japan may next week slightly revise up this year's growth forecast and maintain its view that the economy is on course for a moderate recovery, despite headwinds from US tariffs.

With domestic economic conditions on track, the timing of the next rate hike will depend largely on how the board views the outlook for overseas economies, particularly the United States.

A steep US downturn will hurt Japanese manufacturers and could discourage them from raising wages, threatening to derail a cycle of rising pay and solid consumption that the BOJ sees as a prerequisite for further rate hikes.

The BOJ exited a decade-long, massive stimulus last year and raised interest rates to 0.5 percent in January, on the view Japan was on the cusp of sustainably hitting its 2 percent inflation target.

Some hawkish members of the board proposed in September, unsuccessfully, to raise interest rates on the view Japan had already achieved the bank's target and could see price growth overshoot expectations.

Source: The Standard

https://www.thestandard.com.hk/market/article/314606/