He expects monetary easing to change perceptions by influencing intert rates and asset prices Financial markets improving due to a fall in risk aversion and expectations for domestic policy Expects to see an end to deflation as price expectations rise. … Continue reading
Economy is bottoming out, showing signs of recovery Some economic indicators suggesting there is a rise in inflation expectations There’s really nothing new here so far, I’d expect USD/JPY to continue to find resistance around 98.70
Just a reminder for those who may have missed it earlier: BOJ’s Kuroda will be speaking today Kuroda meets with BOJ branch managers and is due to give a speech. Expect the text of the speech at 9.30am Tokyo time … Continue reading
An article on Bloomberg: Ex-Soros Adviser Says BOJ’s Bet on Massive Easing Will Backfire Takeshi Fujimaki, former adviser to billionaire investor George Soros.: BOJ’s QE will not turn Jpan’s around and is “sending the nation toward default” “Japan’s finance is … Continue reading
Kuroda is getting off to a flying start for the week, with two speaking opportunities later in the Tokyo day. In the morning he meets with BOJ branch managers and is due to give a speech. Expect the text of … Continue reading
Will achieve price target with 2 years in mind BOJ easing not limited to just 2 years Easing to last until sustainable prices achieved Capital spending is the key for ending deflation Will make prompt policy adjustment as needed – … Continue reading
The forex trading headlines for Asia trading today Extremely quiet session in Asia today New Zealand March food prices -1.3% m/m (prior was -0.3%) Japan February Tertiary Industry Index +1.1% m/m (vs. +0.7% expected) Japan’s economy minster Amari said the … Continue reading
BOJ governor Kuroda is speaking at a Yomiuri International Economic Society event at 0310GMT (12.10pm Tokyo time). Don’t expect to hear much until 0400GMT (1pm Tokyo time) though – details are embargoed until then.
For those interested, the Wall Street Journal has published interview excepts: Interview with BOJ Governor Kuroda (gated) Here is another link, which may not be gated.
The Wall Street Journal carried an article overnight; BOJ governor Kuroda saying “the central bank’s ambitious inflation target is “flexible” The BOJ will not necessarily ” stick to that target mechanically” This is a softening of rhetoric from Kuroda – it … Continue reading