Fed Officials Showing Caution, Even As Some Call for December Rate Cut
– Goolsbee, Hammack, Cook All Uneasy About Moving Again Next Month – Waller Strongly Supports December Rate Cut By Steven K. Beckner (MaceNews) – With the Federal Reserve’s last monetary policy meeting of the year just three weeks away, many Fed officials are exhibiting greater reluctance to continue interest rate reductions, while some continue to […]
UPDATE: Japan Weekahead: October Exports Seen Up but Sluggish, Academic Type BOJ Board Member Koeda to Make Debut Speech Before December Meeting
–MOF has made a rare change to its trade statistics release date, citing the need to ensure the accuracy of the latest figures after finding that it failed to move parts of collected data over to a new customs computer system on Oct. 12. By Max Sato (MaceNews) – Here are the key Japanese economic […]
TRANSCRIPT: Fed Chair Powell Says December Rate Cut ‘Not a Foregone Conclusion’
–‘Strongly Differing Views’ About December FOMC WASHINGTON (MaceNews) – The following is a transcript of most of Federal Reserve Chair Jerome Powell’s Wednesday post-FOMC meeting news conference: … Beyond the next year or two, or so; however, most measures of longer-term expectations remain consistent with our 2% inflation goal. For monetary policy actions are guided […]
FOMC STATEMENT: Qtr-Point Cut as Expected; Ends Reduction of Aggregate Securities Holdings Dec 1
WASHINGTON (MaceNews) – The following is the Federal Open Market Committee’s policy statement released Wednesday: Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation […]
Conservative Ruling Party Leader Takaichi Elected Japan’s First Woman Prime Minister, Picks Former MOF Official Katayama as Finance Minister
By Chikafumi Hodo TOKYO (MaceNews) – Japan’s ruling Liberal Democratic Party leader Sanae Takaichi was sworn in as the country’s first woman prime minister on Tuesday, shifting the gear to the right on the political spectrum and inheriting the decades-old task to achieve economic growth that comes with sustained wage hikes and stable inflation. Takaichi, […]
Japan Weekahead: BOJ Board Member Who Called for September Rate Hike Speaks amid Elevated Inflation, Sluggish External Demand
– Diet to Elect Prime Minister after ruling LDP Lost its Small Coalition Partner By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. Ahead of the Bank of Japan’s policy meeting on Oct. 29-30, one of the two board members who have called for a further […]
Japan LDP Leader Takaichi’s Premiership Prospects in Limbo After Sudden Exit of Coalition Partner, Stirring Market Uncertainty
By Chikafumi Hodo TOKYO (MaceNews) – Sanae Takaichi, who became the Liberal Democratic Party’s first female leader in early October, is facing a critical moment after the abrupt departure of its long-time coalition partner, Komeito, ending more than a quarter-century of alliance. The unexpected breakup could heighten volatility in Japanese stocks, government bonds and currency […]
Japan Weekahead: New Ruling Party Leader Takaichi to Set Policy Agenda, Seek Close Contact Between Government and Central Bank
— Bank of Japan Releases Quarterly Regional Economic Report, Survey on Consumer Sentiment, Inflation Outlook By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. Now that the ruling conservative Liberal Democratic Party has elected its new leader, Sanae Takaichi, the focus is on what economic and […]
Japan Set to Have First Female Premier After LDP Leadership Victory -2-
By Chikafumi Hodo TOKYO (MaceNews) – Sanae Takaichi is poised to become Japan’s first female prime minister after winning the ruling Liberal Democratic Party’s leadership election on Saturday. Known for her conservative, right-leaning views, Takaichi has previously called for increasing government borrowing to stimulate the economy and has signaled in her willingness to reopen trade […]
Japan Set to Have First Female PM as Hardline MP Sanae Takaichi Wins Ruling LDP Party Leadership Runoff
— Takaichi to Replace Outgoing PM Ishiba Who Has Stepped Down to Take Blame for General Election Losses By Max Sato (Mace News) – Japan is set to have its first woman Prime Minister as hardline member of parliament Sanae Takaichi won conservative Liberal Democratic Party leadership on Saturday, shifting gear away from a slightly […]