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
PARIS (Reuters) – Nissan Motor Co. and French automaker Renault announced a new agreement on Wednesday, including a review of their investment ratios, positioning it as a big step to revitalize the Japan-France alliance that has spanned more than 20 years. However, the benefits of the new agreement for Renault are unclear at this point … 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
Google parent Alphabet Inc. plans to cut 12,000 jobs, adding to the impression that the U.S. tech industry is gearing up for a slower-growing future. FILE PHOTO: Google’s offices in Mountain View, Calif., May 2022. REUTERS/Peter DaSilva NEW YORK (Reuters Breakingviews) – Google parent Alphabet plans to cut 12,000 jobs, adding to the impression that … 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
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
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
NEW YORK (Reuters) – Investors are reluctant to bet on a sustained weakness in the dollar, as the U.S. Federal Reserve may slow its pace of interest rate hikes as the dollar unravels. I hesitate. NEW YORK (Reuters) – Investors are hesitant to bet on a sustained weakness in the dollar, as the U.S. Federal … Read more
According to multiple dealers on Sept. 16, the Korean foreign exchange authorities are selling the dollar for the second day in a row to support the won. Pictured are South Korean won and US dollar bills. FILE PHOTO: Seoul, December 2015. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s foreign exchange regulator sold the dollar for … Read more
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