Ex-BOJ’s Momma Sees BOJ Cautious About Rate Hike Timing amid Slow Services Price Rise; Not in Position to Act on Weak Yen
–Momma Expects BOJ Rate Hikes in September, January but Warns of Economic Uncertainty–Momma Estimates BOJ’s Own Measure of Underlying Inflation at 1.5%, Still Below 2% Target–Momma: Central Banks Alone Cannot Anchor Inflation; Need Fiscal, Tax Policy Backup for Wealth Redistribution By Max Sato TOKYO (MaceNews) – The Bank of Japan will remain cautious about following […]
Preview: BOJ June Quarter Tankan to Show Major Manufacturers’ Sentiment Up Slightly on Resumed Vehicle Output
Japan business expectations mixed
Bank of Japan June Meeting Summary Shows Members Agree High Costs Hurting Consumers but Divided over How to Proceed on Next Rate Hike
Bank of Japan officials split on next rate hike
Update: BOJ Keeps Overnight Rate Target in 0% to 0.1% Range as Widely Expected, to Decide at July Meeting Specific Plan for Trimming Asset Purchases in Next 1 to 2 Years
BOJ leaves rates steady, eyes reducing bond holdings
INTERVIEW: Ex-BOJ Policymaker Kiuchi Sees Flexible JGB Purchase Program as Fine-Tuning Tool, Expects Only Gradual Rate Hikes to Below 1%
By Max Sato TOKYO (MaceNews) – The Bank of Japan is likely to maintain its “flexible” Japanese government bond purchase program as a “fine-tuning tool” so it can respond to both upside and downside risks to growth and inflation, instead of clearly reducing JGB buying from the current monthly pace of about ¥6 trillion, Takahide […]
Preview: Bank of Japan to Hold Overnight Rate Target Just Above Zero Friday After Last Month’s Rate Hike; Set for Gradual Tightening in Coming Months
BOJ expected to hold rates steady
Japan March Producer Inflation Picks Up Slightly to 0.8% from January’s 0.7% as Base Effect of Utility Subsides Has Waned, Import Costs Up on Weak Yen
—Producer Inflation Has Slowed from Recent Peak of 10.6% in December 2022 Amid Relatively Tame Commodities Markets–Producer Prices Up 0.2% M/M on Non-Ferrous Metals, Farm Produce, Utilities By Max Sato (MaceNews) – Producer prices in Japan rose 0.8% on the year in March, as expected, accelerating slightly from an upwardly revised 0.7% rise in February […]
BOJ March Quarter Tankan: Major Manufacturers’ Sentiment Posts First Setback in 4 Quarters After Recent Gains as Suspended Vehicle Output Causes Widespread Downturn
Bank of Japan Tankan report shows slowing manufacturing
Preview: BOJ March Quarter Tankan to Show Major Manufacturers’ Sentiment Posts 1st Drop in 4 Quarters as Suspended Vehicle Output Causes Widespread Downturn
Forecasters see Tankan report showing weaker outlook
White House and Other Schedules for Wednesday, March 27
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, MARCH 27, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]