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  • BOJ Hints at Caution on Rate Hike With No Clear December Hint

    From bnnbloomberg.ca

    Bank of Japan board members discussed the need for caution on raising its benchmark rate and offered no clear hint of a move next month, a summary of opinions from its October policy meeting showed. “It cannot be judged at this point that markets are stabilizing,” one of the nine board members said at the gathering, according to the summary released by the central bank Monday. The central bank left interest rates untouched at the meeting held shortly before the US presidential election. “As the bank has been expecting to raise the policy interest rate at a moderate pace, it has time to monitor the future course ... (full story)

What does this mean for markets? Always so cautious...
"Live & Let Live" - David Gilmour
What it means is....That they do not want to lose the Huge advantage they have over the rest of the world....by Having a level Playing Field...I believe that the Japanese are the Biggest Cary Traders....well it is A Big Money maker....and so why would they want to change that...
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Japan will hike and US will go down remember that for March fomc after trump in full power
Quoting Ravenfeeder
What does this mean for markets? Always so cautious...
it means that BOJ will not hike the interest rates next month..
It means they are looking at us economy to decide based on their large export to us, probably not hiking till us cut rate
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