Summary of Opinions at the Monetary Policy Meeting on September 21 and 22, 2023
Opinions on Economic and Financial Developments Economic Developments: • Japan's economy has recovered moderately and is likely to continue to do so. However, there remain extremely high uncertainties surrounding economic activity and prices. • Japan's economy has continued to recover moderately on the whole; although firms' business fixed investment has been somewhat weak due to subdued external demand, private consumption has continued on an expanding trend, albeit moderately. • The domestic economy has been resilient on the whole. Although production activity has been more or less flat since orders from ... (full story)
<JPY=>:*ONE BOJ MEMBER: NEED TO CONTINUE WITH EASING PATIENTLY— Cable FX Macro (@cablefxmacro) October 1, 2023
*BOJ: JAPANESE COS SEE 2.5% Y/Y INFLATION IN 1 YEAR
️*ONE MEMBER: NO NEED FOR ADDITIONAL YCC TWEAK WITH YIELDS STABLE
*BOJ: JAPANESE COS SEE 2.1% Y/Y INFLATION IN 5 YEARS TIME
️*ONE MEMBER: END OF NEG. RATE, YCC MUST BE LINKED WITH CPI GOAL— Cable FX Macro (@cablefxmacro) October 1, 2023
*ONE MEMBER: EASING WOULD CONTINUE EVEN WITH NEGATIVE RATE END
*ONE MEMBER: ASSET BUYING MUST BE ALSO CONSIDERED WHEN EXITING
BOJ SUMMARY: ONE MEMBER SAID THERE IS STILL SOME DISTANCE BUT JAPAN NEARING ACHIEVEMENT OF PRICE TARGET, SO LATTER HALF OF CURRENT FISCAL YEAR WILL BE CRUCIAL PHASE IN DETERMINING NEXT YEAR'S PRICE OUTLOOK, OTHER FACTORS— First Squawk (@FirstSquawk) October 1, 2023
- Older Stories
After 11 straight weeks of gains in the USD (DXY index), driven by EURUSD trading into 1.0488, and a key weekly close above the YTD range highs (105.40), we ask whether the dollar ...
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. An early burst of positive sentiment - or relief - after the U.S. Congress agreed a ...
- Newer Stories
Trading financial instruments is a constant process of speculation. Knowing the right time to buy or sell an instrument can greatly aid in ensuring that you rake in profits from ...
Business conditions across the Japanese manufacturing sector deteriorated at a stronger rate at the end of the third quarter of 2023. The latest data indicated weakness across the ...
tweet: USD/JPY Rises to 11-Month High of 149.73