White House and Other Schedules for Monday, March 18
WASHINGTON (MaceNews) – The following are Monday’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 MONDAY, MARCH 18, 2024 The President and the First Lady will host a Women’s History Month reception at the White […]
Preview update: Bank of Japan Likely to End Yield Curve Control, Raise Rates Next Week as First Estimate from Union Group Points to High Pace of Wage Hikes
By Max Sato (MaceNews) – The Bank of Japan’s nine-member board is expected to decide in a majority vote at its March 18-19 meeting to end its seven-year-old yield curve control framework and lift the minus 0.1% short-term rate target to a range of zero to 0.1%, which would be the bank’s first rate increase […]
Preview: Bank of Japan Edging Closer to Ending Yield Curve Control Framework, Raising Rates amid Reduced Risk of Economy Slipping Back into Deflation
By Max Sato (MaceNews) – The Bank of Japan board appears ready to end its seven-year-old yield curve control framework and lift the negative short-term interest rate target, either this month or next, as widespread labor shortages are prompting major firms to accept higher wage hikes during their annual talks with unions, which the board […]
Japan January Producer Inflation Remains Tame with 0.2% Y/Y Rise as Subsidies Trim Utility Costs, Global Demand for Lumber, Steel Remains Soft
—Producer Prices Mark 35th Straight Y/Y Gain but Recent Figures Stay Lowest Since 0.9% Drop in February 2021–Producer Prices Flat Month on Month; Firmer Prices for Utilities, Electric Machines Offset Lower Costs for Farm Produce, Fuels By Max Sato (MaceNews) – Producer inflation in Japan rose 0.2% on the year in January, coming in higher […]
IMF: BOJ Should Consider Unwinding Monetary Easing Under Yield Curve Control Framework Now
–IMF: BOJ Then Should Gradually Raise Interest Rates–IMF Critical of Kishida Government’s ‘Untargeted’ Economic Stimulus Package By Max Sato (MaceNews) – The Bank of Japan should consider unwinding its large-scale monetary easing now by exiting the seven-year-old yield curve control framework, the International Monetary Fund said Friday, noting that easing in the past decade has […]
Bank of Japan January Meeting Summary Shows Shift Toward More Specific Debate About Exit from Large Monetary Easing
–Members Continue to Link Timing of Exit to Clearer Signs of Sustained Wage Growth–A Few Members Warn About Falling Behind Curve in Unwinding Stimulus By Max Sato (MaceNews) – Bank of Japan board members continued to discuss the need to carefully unwind the bank’s monetary easing measures, with many linking the timing of an exit […]
White House and Other Schedules for Tuesday, Jan 30
WASHINGTON (MaceNews) – The following are Tuesday’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: GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JANUARY 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
BOJ Keeps Easing Stance Under Yield Curve Control Framework as Policymakers Look for Clearer Signs of Sustained Wage Growth
–BOJ Repeats: To ‘Patiently’ Pursue Stable 2% Inflation –BOJ Maintains Negative Short-Term Rate, Zero Long-Term Rate; Keeps 1% Loose Upside Limit on 10-Year JGB Yield By Max Sato (MaceNews) – The Bank of Japan said Tuesday its policy board decided unanimously, as expected, to maintain its seven-year-old yield curve control framework and retain its guidance […]
White House and Other Schedules for Monday, Jan 22
WASHINGTON (MaceNews) – The following are Monday’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 MONDAY, JANUARY 22, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Preview: Bank of Japan Unlikely to Begin Unwinding Large-Scale Easing Until It Can Clearly Foresee Sustained Growth in Wages, Service Prices in Fiscal 2024
By Max Sato (MaceNews) – The Bank of Japan board is widely expected to retain its guidance in a unanimous vote at its Jan. 22-23 meeting that the bank will “patiently continue with monetary easing” in order to “achieve the price stability target of 2% in a sustainable and stable manner, accompanied by wage increases.” […]