NAfter the weak previous week, there are initially no signs of stabilization in the Dax on Monday either. The banking sector in particular continues to cause massive uncertainty. As part of an “emergency rescue” lashed down at the weekend, UBS takes over the badly hit Credit Suisse. That’s what the UBS Chairman of the Board … Read more
On March 14, the Bank of Japan’s Financial System and Banking Department issued a statement regarding the failure of the US Silicon Valley Bank (SVB), stating, “The direct exposure of Japanese financial institutions is thought to be negligible, and the impact on Japan’s financial system is currently limited. I’m looking at it,” he commented. FILE … Read more
Hideo Kumano Chief Economist, Dai-ichi Life Research Institute [Tokyo 26th]- Soon the name of the new governor of the Bank of Japan will be revealed. The normalization of monetary policy that person must undertake is likely to be an extremely bumpy road. Perhaps his five-year term will not be enough, and it may take more … Read more
Daisuke Karakama Mizuho Bank Chief Market Economist [Tokyo, 24th]- Looking at the yen position in the IMM currency futures trading, which is often the focus of speculative movements in the foreign exchange market, as of January 17, 2023, it is a net sell of $ 2.24 billion. there is This is the smallest net short … Read more
TOKYO (Reuters) – The consumer price index (CPI, seasonally adjusted) rose 6.5% in December from the same month last year, according to the U.S. Labor Department. Growth slowed from 7.1% in November to the lowest since October 2021. If the yen appreciates, the stock price may drop below 26,000 yen at one point. Although the … Read more
Japan’s newly issued 10-year government bond yield rose to 0.5%. The Bank of Japan expanded the permissible fluctuation range of long-term interest rates on December 20, 2018, but it seems that it reached the “upper limit” in about two and a half weeks. The photo is an image. Photographed in Tokyo in February 2013. (2023 … Read more
Yasunari Ueno Mizuho Securities Chief Market Economist [Tokyo, 3rd]- The biggest shock to financial markets in 2022 was the monetary policies of the US and European central banks, including the US Federal Reserve Board (FRB). The biggest shock to the financial markets in 2022 was the monetary policy of the US and European central banks, … Read more
Osamu Takashima Citigroup Securities Chief FX Strategist TOKYO (2nd) – The dollar/yen, which approached 152 yen in October 2022, fell sharply in November following the release of the US Consumer Price Index (CPI), which suggests that inflation has eased. Expectations that the U.S. Federal Reserve (Fed) will ease its pace of monetary tightening have risen … Read more
Bank of Japan I dealt with the results of the meeting Bank of Japan The last one held earlier in October issued on a Friday morning, the following points: The Bank of Japan will maintain its accommodative monetary policy, to reach the rate target sustainably. Although there is no need to adjust the Bank of … Read more
[Tokyo 20th Reuters]- The decision to revise the YCC (yield curve control policy) as if in response to external criticism that the Bank of Japan’s monetary easing stance was promoting the depreciation of the yen was very surprising, but the yen has depreciated recently. Perhaps it is precisely because of this timing that the criticism … Read more