BOJ July Meeting Summary: Sustained Wage Hikes, Flexible Use of Yield Curve Control Framework Key to Achieving 2% Inflation Target
–Ensuring Small Firms’ Health Also Important in Sustained Growth, Price Stability By Max Sato (MaceNews) – Bank of Japan board members stressed that substantial wage hikes must continue beyond his fiscal year and the bank’s yield curve control framework needs to become more flexible to achieve stable 2% inflation, according to the summary of […]
BOJ Keeps Basic Easing Stance to Seek Stable 2% Inflation, Wage Growth but Makes 10-Year Yield Reference Range More Flexible
–BOJ Repeats: To Patiently Continue with Easing while Nimbly Responding to Developments in Economic Activity, Prices, Financial Conditions By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board decided unanimously to maintain its monetary easing stance, keeping its zero to slightly negative interest rate targets along the yield curve as well […]
BOJ June Quarter Tankan: Major Manufacturers’ Sentiment Posts 1st Rise in 7 Quarters on Improved Supply Chains, Food Price Markups
–Carmakers Expect Brighter Outlook in September; Food Producers See Pullback After Large Gain in June –Hotels, Restaurants See Slightly Lower September Sentiment After Jump in June; Real-Estate firms, Wholesalers Forecast Sizeable Declines –Both Large and Small Firms Revise Up Their Combined Capex Plans for Fiscal 2023 By Max Sato (MaceNews) – Confidence among major manufacturers […]
Preview: BOJ June Tankan to Show 1st Rise in Major Manufacturers’ Sentiment in 7 Quarters on Improved Supply Chains
–Tourism Discount Subsidies, Eased Covid Rules Support Services –September Business Confidence Seen Mixed; Non-Manufacturers Cautious –FY23 Capex Plans Among Large, Small Firms Expected to Be Revised Up By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among major manufacturers in Japan picked up slightly in June […]
BOJ June Meeting Summary: Board Warns Against Premature End to Monetary Easing as Inflation Outlook Has Both Upside, Downside Risks
–But Board Also Sees Need to Review Yield Curve Control Policy Framework Due to Its ‘High Cost’ By Max Sato (MaceNews) – Bank of Japan board members warned that a premature end to the bank’s decade-old large-scale monetary easing would undermine an emerging path toward stable 2% inflation with sustainable wage growth, according the summary […]
BOJ Keeps Easing Stance to Pursue Stable 2% Inflation, Wage Growth; Repeats April Outlook for Modest Economic Recovery, Slower CPI in Fiscal 2023
–BOJ Repeats: To Patiently Continue with Easing while Nimbly Responding to Developments in Economic Activity, Prices, Financial Conditions –Ueda in May 19 Speech: Need to See Wage Hikes Spread to Smaller Firms; Will Take Some Time to Achieve 2% Inflation Target By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board […]
Japan May Producer Inflation Eases Further to 2-Year Low of 5.1% from April’s 5.9% on Energy Subsidies, Weaker Lumber, Non-Ferrous Metals
–May’s 5.1% Y/Y Rise Lowest Since 5.0% in June and May 2021 –December’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the fifth straight month to a two-year low in May as the government’s utilities subsidies continued to cap energy costs and many commodities markets […]
EXCLUSIVE: Ex-BOJ Momma Says BOJ May Raise Rates at Year End if Outlook for Sustained Wage Hikes Emerges; Initial Rate Move More Likely Next Spring or Summer
–Momma Sees 20% Chance of BOJ Achieving Stable 2% Inflation in A Year, Up from Zero 6 to 12 Months Ago –Momma: Cost-Push Inflation Prompting Wage Hikes Amid Labor Shortages By Max Sato TOKYO (MaceNews) – The Bank of Japan is focused on riding the wave of wage hikes to achieve stable 2% inflation by […]
BOJ Under Governor Ueda Keeps Easing Stance to Pursue Stable 2% Inflation but Also Decides to Review Prolonged Easing
–No Longer Expects Short-, Long-Term Rates to Go Lower Than Now –Ueda Has Told Diet, Reporters: ‘Appropriate’ to Continue Current Policy Framework; Underlying Inflation Has Not Reached 2% By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board decided unanimously to maintain its monetary easing stance, keeping its zero to slightly […]
Japan March Producer Inflation Eases Further to 7.2% from February’s 8.3% on Energy Subsidies, Slumping Lumber Prices
–December’s Revised 10.6% Y/Y Rise Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the third straight month in March as the government’s expanded utilities subsidies continued to cap energy costs and slowing global demand has cooled off commodities markets, data released Wednesday by the Bank of Japan […]