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
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
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
PORTLAND, Oregon (Reuters) – U.S. President Joe Biden said on Thursday that he is not worried about the strength of the dollar, saying he is open to a strong dollar. He said he was concerned about the economic situation in countries other than the United States. “In the U.S. economy, the domestic situation is very … Read more
On October 11, inter-dealer trading (on a Japan mutual securities basis) of newly issued 10-year government bonds, which is an indicator of long-term interest rates, failed to materialize on the Tokyo yen bond market for the second consecutive day on October 6 and 7. It is the first time that no transaction has occurred 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
TOKYO (Reuters) – Federal Reserve Chairman Jerome Powell’s speech at an economic symposium in Jackson Hole, Wyoming, was seen as hawkish by financial markets, but stocks and FX and bonds reacted unevenly. While bonds and the dollar showed relatively calm movements, stocks, which had been highly optimistic, sold heavily as they priced in fears of … Read more