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

Column: After ‘buying the yen for speculation’, is it a comeback to ‘selling the yen for actual demand’ = Mr. Daisuke Karakama | Reuters

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

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

Angle: Long-term interest rate reaches upper limit of 0.5%, ‘Bank of Japan attack’ reignites | Reuters

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

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

Chubu Electric, Mexico orders payment of about 75.9 billion yen to appeal notice | Reuters

TOKYO (Reuters) – Chubu Electric Power Co. said on Thursday that it had received a correction decision notice from the Mexican tax authorities on the 17th, ordering it to pay about 75.9 billion yen. The company said it is preparing to file an appeal with the authorities. In July 2016, JERA (Chuo-ku, Tokyo) took over … Read more

JIP’s Toshiba going private, progress to secure financing Concrete in reconstruction plan = related sources | Reuters

Makiko Yamazaki Ritsuko Shimizu TOKYO (Reuters) – Japan Industrial Partners (JIP), which has preferential negotiating rights in Toshiba’s restructuring plan, is making progress toward securing the financing needed to take the company private, sources said. Financial institutions believe that JIP’s plan to revive Toshiba has become more concrete, and each bank is now at the … Read more

Focus: Weakening dollar/yen repulsion, US interest rate hike slowdown observation Speculation about the Bank of Japan | Reuters

[TOKYO (Reuters)]- The rebound of the dollar/yen has weakened. In addition to speculation that the pace of US interest rate hikes will slow, speculation over the Bank of Japan’s policy revisions weighed on the topside. Although fundamental factors such as Japan’s trade deficit remain in the yen’s depreciation, many in the market are of the … 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