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
Japan May Core CPI Annual Rate Rises to 2.5% from 2.2% in April as Higher Renewable Energy Charge Boosts Utility Bills
Japan core inflation faster in May
Japan May Export Rise Led by Automobiles, Semiconductors as in April; Trade Balance in Deficit for 2nd Straight Month
–Imports Up on Higher Demand for Crude Oil, Products, Computers; Chips Down–Exports to China Post 6th Straight Y/Y Rise, Picking Up from Last Year’s Slump–Exports to US Remain Robust; Those to EU Mark 2nd Straight Y/Y Slip By Max Sato (MaceNews) –Japanese export values rose 13.5% on year in May for the sixth straight increase, […]
Japan April Core Machine Orders Slip After 2 Months of Solid Gains, Led by Manufacturing Pullback Slightly Offset by Non-Manufacturing Rebound
Japanese machinery orders recede
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 […]
FOMC Holds Funds Rate Steady; No Rate Cut Til Confident Inflation Headed to 2%
–Fed Officials Project Single 25 BP Rate Cuts in 2024 –Powell Calls CPI ‘Encouraging,’ But Wants More Data To Gain ‘Confidence’ By Steven K. Beckner (MaceNews) – The Federal Reserve’s policy making Federal Open Market Committee again held the federal funds rate steady Wednesday and gave no indication it will be cutting that key money […]
TRANSCRIPT: Fed’s Powell Says Waiting for Better Inflation Data, In Addition to ‘Encouraging’ CPI Report
WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell’s bottom line is that more inflation data is needed before any rate cuts regardless of the “dot plot” and regardless of the day’s encouraging Consumer Price Index report. The transcript of his post-FOMC news conference follows: Inflation has eased substantially from a peak of 7% to 2.7% […]
FOMC Stands Pat Hints of More Hawkish Stance; ‘Dot Plot’ Sees One Rate Cut This Year
WASHINGTON (MaceNews) – The Federal Open Market Committee kept the fed funds rate as is again this time around while the “dot plot” projections that accompanied the policy statement contained hints of a slightly more hawkish stance, seeing just one rate cut this year. The statement text, with no dissents, follows: Recent indicators suggest that […]
Japan May Producer Prices Jump 2.4% Y/Y After 1.1% Rise in April on Higher Renewable Energy Utility Fees, Global Concerns over Copper Supply
Japan producer prices rise