Column: Abolition of YCC, which is highly difficult, BOJ needs to be prepared for paradigm change = Hideo Kumano | Reuters

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

US CPI growth slowing: Experts see this | Reuters

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

Outlook for 2023: Yen appreciation called by Japan-US monetary policy “ vector reversal ”, 110 yen = Yasuya Ueno | Reuters

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

Outlook for 2023: The structure of the rising dollar, rising risk of yen appreciation = Osamu Takashima | Reuters

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 decision meeting: Preemptive flexibility under the new governor, not directly linked to normalization measures = Mr. Kiuchi, Nomura Research Institute | Reuters

[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

Column: Next year’s Japanese stocks face global recession risk and yen appreciation = Norihiro Fujito | Reuters

Norihiro Fujito, Chief Investment Strategist, Mitsubishi UFJ Morgan Stanley Securities [Tokyo 7th]- Powell, Chairman of the US Federal Reserve Board (FRB), has a wide range of policy stances. Until last year, he consistently repeated his view that “high prices are temporary” and that “we can be patient with rate hikes.” However, signs of change emerged … Read more

Toshiya Imura holds a large amount of shares in Sumishi Holdings = Report | Reuters

TOKYO (Reuters) – Prominent investor Toshiya Imura submitted a report on the 1st that he held a large amount of Sumishi Holdings shares. The purpose of holding is pure investment, and the holding ratio reached 7.65% by November 24th. Sumiseki Holdings was established in 2008 as a holding company of Sumitomo Coal Mining (now Sumiseki … Read more

NISA expansion, doubling to 56 trillion yen in 5 years “Both are permanent”, Prime Minister Kishida | Reuters

On November 25th, the government announced the “asset income doubling plan,” which aims to double the total number of accounts under the tax exemption system for small investments (NISA) to 34 million and the investment amount to 56 trillion yen over five years. summarized. Photo courtesy of Prime Minister Kishida. Photographed in Tokyo in October … Read more

US monetary policy and outlook for financial markets: How experts see | Reuters

TOKYO (Reuters) – The US Federal Reserve Board (FRB)’s policy of raising interest rates continues to spur market participants’ volatility in financial markets. We asked an expert about future points to watch and market outlook. The US Federal Reserve Board (FRB)’s interest rate hike route has caused mixed speculations among market participants, and the financial … Read more

Column: Huge trade deficit is feared to be permanent, a factor to promote yen depreciation | Reuters

TOKYO (Reuters) – Japan’s August trade deficit hit a record high for a single month. If this pace continues, 2022 is likely to reach a record high for a calendar year. The question is whether this deficit is temporary or has become a permanent trend. Unfortunately, there is an increasing possibility that the recording of … Read more