0
0.0
May 26, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the bank of japan? would like to focus on the communication from the bank of japan. according to those communications, as i said, they like to move the short-term interest rate in a very putin way. meaning it is for the yen weaker. also if they stay short-term rates vary lower, meaning real interest rate in the short-term remains very low, it will be back up for the yen weakening. so i would not be surprised if the yen keeps in this low-level for longer. because according to communication, it is justified. annabelle: there is a concern that the weak yen will start to impact consumer sentiment. how strong is the consumer within japan do you think? takako: i do really have a feeling that the yen is so weak. as you said, this is sort of the silo affect of the current monetary policy. any policy must have some side effect. when i was a board member, the scale of the policy was a side effect. but now yen weakening is a side effect for the aim to make sure that they want us to make sure there is a complete ex
the bank of japan? would like to focus on the communication from the bank of japan. according to those communications, as i said, they like to move the short-term interest rate in a very putin way. meaning it is for the yen weaker. also if they stay short-term rates vary lower, meaning real interest rate in the short-term remains very low, it will be back up for the yen weakening. so i would not be surprised if the yen keeps in this low-level for longer. because according to communication, it...
0
0.0
May 2, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
of japan.t that much more when we come back from this break. and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. [crowd chanting] they ignored your potential, dissed your achievements, and mocked your ambition. but it's not the critic who counts, and you know that. from the beginning, you couldn't be stopped. ♪♪ breaking resistance with every swing and block. ♪♪ your game plan never changed. ♪♪ so enjoy this moment. ♪♪ the one they said you'd never live to see. ♪♪ some would still call it luck. ♪♪ let them. because you know what it's always been. inevitable. ♪♪ ♪♪ >>> welcome back to "worldwide exchange." breaking news with the bank of japan appearing and appearing is the word to take fresh intervention moves jp ong is here with more >> reporter: frank, it seems on the surface, many in japan have not wanted to comment
of japan.t that much more when we come back from this break. and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. [crowd chanting] they ignored your potential, dissed your achievements, and mocked your ambition. but it's not the critic who counts, and you know that. from the beginning, you couldn't be stopped. ♪♪...
51
51
May 1, 2024
05/24
by
BBCNEWS
tv
eye 51
favorite 0
quote 0
of japan _ strengthen them as the bank of japan starts to signal in the near— japan starts to signal beauty brand lowered its sales and demanded china for its premium beauty products. johnson and johnson has outlined a new settlement to resolve nearly all of the lawsuits it faces over allegations that its baby powder and other talc products cause cancer. j&j will pay roughly 6.5 billion dollars to former customers with ovarian cancer claims, over the next 25 years. while the pharmaceutical giant still maintains its talc powder does not cause cancer, the company is looking to put an end to this costly legal battle. turning to india now, where politicians are recognizing women as a significant force in the ongoing elections. of the country's billion voters — nearly half are women. as more women head to the polling booths political parties are courting them with various pro—women schemes and policies. archana shukla reports from the southern indian state of karnata ka. in exhausting weight but the daily commute is easy when she hops on women right for free and buses under state governme
of japan _ strengthen them as the bank of japan starts to signal in the near— japan starts to signal beauty brand lowered its sales and demanded china for its premium beauty products. johnson and johnson has outlined a new settlement to resolve nearly all of the lawsuits it faces over allegations that its baby powder and other talc products cause cancer. j&j will pay roughly 6.5 billion dollars to former customers with ovarian cancer claims, over the next 25 years. while the...
0
0.0
May 6, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the reason of course is the bank of japan. the bank of japan still needs to come through with a much more aggressive tightening of interest-rate policy to raise rates by 10 basis points, and then look as though the job is done, really not going to convince foreign exchange traders for very long. we need to hear a lot more from the bank of japan in terms of what they will do in the months ahead. otherwise, we will be talking about dollar-yen being much higher within a couple of weeks. tom: mliv strategist mark cranfield, breaking down the implications of the jobs data out of the u.s., 175, below the estimates and with that eye on the intervention question around the japanese yen. breaking lines around the i.t. company that is central to france that struggles with its debt woes, this coming through from atos, getting an offer from bondholders bain, kretinsky and onepoint part of restructuring proposals for atos as part of the current conciliation process. the new proposals around the debt were presented to atos' board of directo
the reason of course is the bank of japan. the bank of japan still needs to come through with a much more aggressive tightening of interest-rate policy to raise rates by 10 basis points, and then look as though the job is done, really not going to convince foreign exchange traders for very long. we need to hear a lot more from the bank of japan in terms of what they will do in the months ahead. otherwise, we will be talking about dollar-yen being much higher within a couple of weeks. tom: mliv...
0
0.0
May 2, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the bank of japan then executes for the ministry of finance. looks like that is what happened. if it wasn't what had happened, you would almost think that they would somehow have indicated otherwise, although maybe not. but the market is certainly acting on the assumption that they did, not just once, but twice. it's very interesting to see today that at some extent, this is driven by the underlying fundamentals, which is that treasury yields are coming down after powell's perceived relatively dovish performance at the fomc. unlike on monday, the yen is gaining. monday, in the onin-depth -- lead up to what end up provoking the yen intervention, we had the yen weakening at a time everything was strengthening against the u.s. dollar. that looked odd. probably a signal to the japanese authorities that they needed to step in to stop the situation from getting out of hand. now, if anything, the yen is leading gains against the dollar, yesterday and it did so today. makes it clear that at least for now, traders are treating this as a one-way street t
the bank of japan then executes for the ministry of finance. looks like that is what happened. if it wasn't what had happened, you would almost think that they would somehow have indicated otherwise, although maybe not. but the market is certainly acting on the assumption that they did, not just once, but twice. it's very interesting to see today that at some extent, this is driven by the underlying fundamentals, which is that treasury yields are coming down after powell's perceived relatively...
0
0.0
May 27, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
let's get to that bank of japan commentary. it had been driving some of the sentiment overnight with the bank of japan governor suggesting cautiousness was needed in order to cement inflation expectations at 2%. >> we have made progress in moving away from zero and lifting inflation expectations. but we must now rancor them at the 2% inflation target. we will proceed cautiously as to other central banks with our inflation targeting frameworks. joumanna: we will proceed cautiously. it is giving a boost to the nikkei and dollar-yen this morning. the euro area trading sideways today, 1.0 850, but it is up over the last month, the pound similar movement, 1.2740 where we're at this morning, gold is up 0.4%. we did see the currency dip towards the end of last week, but the same themes apply, we we continue to see reserve buying giving support to the bullying. the vix index continues to drop despite the headline risks coming the next few months. chinese trade practices have been sized by g7 finance chiefs, who are threatening escalati
let's get to that bank of japan commentary. it had been driving some of the sentiment overnight with the bank of japan governor suggesting cautiousness was needed in order to cement inflation expectations at 2%. >> we have made progress in moving away from zero and lifting inflation expectations. but we must now rancor them at the 2% inflation target. we will proceed cautiously as to other central banks with our inflation targeting frameworks. joumanna: we will proceed cautiously. it is...
0
0.0
May 8, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
haidi: we are watching for the bank of japan summary crossing the bloomberg. is from the april policy meeting. could be higher than expected. they could also see the need to raise rates appropriately at the right time. the need to deepen talks on rate hike timing was also applied by one doj member picked another saying consumer spending is a key pointed we know with the weakness in the end there have been a lot of domestic pressures on households and consumer sentiment. we are seeing the yen inching a bit higher against the dollar after the summary of opinions. we saw earlier that real wages continuing to show weakness. the underlying trend is solid but the pay gains are lagging inflation every month for the last two years which is going to really complicate the picture when it comes to how quickly the bank of japan can move. annabelle: certainly something we are tracking closely and also for trading when we get japan coming online in a few moments. arm giving a lukewarm revenue forecast for the year. ♪ ery second counts. 120 seconds to add the finishing touch
haidi: we are watching for the bank of japan summary crossing the bloomberg. is from the april policy meeting. could be higher than expected. they could also see the need to raise rates appropriately at the right time. the need to deepen talks on rate hike timing was also applied by one doj member picked another saying consumer spending is a key pointed we know with the weakness in the end there have been a lot of domestic pressures on households and consumer sentiment. we are seeing the yen...
0
0.0
May 3, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
and slower normalization in case of bank of japan, keeping the real rates negative.l: do you think a rapidly weakening yen poses risks to other asian currencies? neeraj: it, certainly to some extent, it does. it's obviously through multiple channels. one is the overall trade --, number of countries which are in similar sectors. the trade competitiveness gets impacted. if you look at yen-yuan cross, yen-renminbi cross, the start to become relevant. it is a more medium-term impacted that will happen, which will put pressure on the other countries to look at the competitiveness in the current market when the global economy is slowing. paul: one thing that might support the yen would be the bank of japan lifting rates. i know you like the strong macro backdrop in japan. how much leeway do you feel of the moment in terms of further tightening after the incremental tightening we've had so far? neeraj: the reality is looking at the inflation trajectory, the boj has ample room to lift rates and actually infected do multiple hikes but so far the market expectation has been in
and slower normalization in case of bank of japan, keeping the real rates negative.l: do you think a rapidly weakening yen poses risks to other asian currencies? neeraj: it, certainly to some extent, it does. it's obviously through multiple channels. one is the overall trade --, number of countries which are in similar sectors. the trade competitiveness gets impacted. if you look at yen-yuan cross, yen-renminbi cross, the start to become relevant. it is a more medium-term impacted that will...
0
0.0
May 29, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
no doubt the bank of japan was bad.nk the amount of intervention they conducted was pretty substantial, probably north of $50 billion. i suspect we are not too far off from another one, but we have to remember what is the source of this uptrend. 10-year yields have risen basis points in the last 10 days, and that have been the main driver of most of the dollar-yen volatility we have seen in the last couple of years even though those jgb yields have gone up above one person. it's the level of treasury yields that seems to be dominating. unless and until we see some reversal there, or that we see the bank of japan stepping up whether it is the pace of quantitative tightening, or whether we see rises in the overnight rate that go beyond current market expectations, it's difficult to see a near term reversal of that trend. i think the warranty for broader asia is that the rate continues to rise, we have seen it in the pboc's fixing for the yuan which was yesterday. it is feeding back and has undermined the aussie dollar str
no doubt the bank of japan was bad.nk the amount of intervention they conducted was pretty substantial, probably north of $50 billion. i suspect we are not too far off from another one, but we have to remember what is the source of this uptrend. 10-year yields have risen basis points in the last 10 days, and that have been the main driver of most of the dollar-yen volatility we have seen in the last couple of years even though those jgb yields have gone up above one person. it's the level of...
0
0.0
May 12, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that is the hope for the bank of japan for this bias. haidi: katrina from moody's.t still ahead, speaking with a japanese firm about challenges of investing in ai in asia and the middle east but first, president biden hiking tariffs with ev's in the crosshairs. this is bloomberg. ♪ >> the biden administration is significantly hiking tariffs on chinese goods occluding quadrupling duties on eeev's. stephen engle is here with the details and it is all ahead of the election in november but what do we know? stephen: the election looms large on tariffs, but there are products not going into the u.s. right now. electric vehicles, solar cells, batteries, steel, aluminum. not a significant amount of imports, but china is trying to export overcapacity. it is a hot potato and i will get to donald trump's comments. fleshing out this scoop on friday when we heard biden announcing total tariffs on chinese made ev's will rise to 102.5%. that is an increase of 272% in other tariffs will be doubled or quadrupled. it is not clear what was spared, sources say there will not be rate re
that is the hope for the bank of japan for this bias. haidi: katrina from moody's.t still ahead, speaking with a japanese firm about challenges of investing in ai in asia and the middle east but first, president biden hiking tariffs with ev's in the crosshairs. this is bloomberg. ♪ >> the biden administration is significantly hiking tariffs on chinese goods occluding quadrupling duties on eeev's. stephen engle is here with the details and it is all ahead of the election in november but...
0
0.0
May 16, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
>> well, i think you're right, the bank of japan wants to be very careful as it raises interest ratesough time to absorb the rate increases. it also doesn't want to do it before it feels that it has finally conquered the disinflation problem. so for the bank of japan, yesterday was good news in the sense that if the fed is going to be more accommodative over the medium term, it will give the bank of japan a little more room to, you know, move interest rates up slowly rather than more abruptly, which is what could be forced given the depreciation of the currency. that is also -- yes, again, they have at the really back of their mind, the calculation that japan has a huge debt outstanding and they don't want to move it to high real interest rates before they actually have to. so they're going to be as patient as they can, but i think, again, the primary concern in their minds is to make sure that inflation is well established before they start raising rates more sharply. >> professor, i'm so glad you're here, because i have this very, very burning question here, which is this. i've been
>> well, i think you're right, the bank of japan wants to be very careful as it raises interest ratesough time to absorb the rate increases. it also doesn't want to do it before it feels that it has finally conquered the disinflation problem. so for the bank of japan, yesterday was good news in the sense that if the fed is going to be more accommodative over the medium term, it will give the bank of japan a little more room to, you know, move interest rates up slowly rather than more...
0
0.0
May 16, 2024
05/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
of the japanese yen, the state of the economy, it puts the bank of japan in the economy, it puts theposition?— ofjapan in a very difficult osition? , , position? yes, indeed, it is lookin: position? yes, indeed, it is looking like _ position? yes, indeed, it is looking like the _ position? yes, indeed, it is looking like the weekend i position? yes, indeed, it is looking like the weekend isj looking like the weekend is feeding to the higher inflation rate injapan, which based on that, the bank ofjapan it is planning on increasing its policy rate, and the next quarter in the next meeting at the future meeting.— quarter in the next meeting at the future meeting. thank you for our the future meeting. thank you for your analysis _ the future meeting. thank you for your analysis on _ the future meeting. thank you for your analysis on the - for your analysis on the japanese economy. let's stay in asia, because as you've been hearing, russian president vladimir putin has arrived in china for a state visit, his second trip there injust over six months. in the last hour, he's met with china's
of the japanese yen, the state of the economy, it puts the bank of japan in the economy, it puts theposition?— ofjapan in a very difficult osition? , , position? yes, indeed, it is lookin: position? yes, indeed, it is looking like _ position? yes, indeed, it is looking like the _ position? yes, indeed, it is looking like the weekend i position? yes, indeed, it is looking like the weekend isj looking like the weekend is feeding to the higher inflation rate injapan, which based on that, the...
0
0.0
May 2, 2024
05/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
large interventions that for example the bank of japan supposedly undertook earlier this week.nk for now, south korean officials are just watching the situation but they are not really acting decisively at this point, and similarly, with the taiwanese officials, there actually hasn't really been a lot of strong communications from them expressing any concerns about taiwan dollar weakness at this stage. what will you be looking out for in the days ahead when it comes to asian currencies? a short while ago, we suspected that there is some of the bank ofjapan intervention behind it and if this continues, given that the fed was a bit more dervish than expected, that could help cap the low for the yen at around 160. that could help cap the low for the yen at around 160. but given that the yield differential is still extremely wide, i do not think the yen can recoup too far because it is still very attractive to buy in whole dollars and use yen as a shorting of funding currency. so i think further strength from here is possible but i think there's a limit to how much more the yen can
large interventions that for example the bank of japan supposedly undertook earlier this week.nk for now, south korean officials are just watching the situation but they are not really acting decisively at this point, and similarly, with the taiwanese officials, there actually hasn't really been a lot of strong communications from them expressing any concerns about taiwan dollar weakness at this stage. what will you be looking out for in the days ahead when it comes to asian currencies? a short...
0
0.0
May 16, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
bank of japan is in a challenging spot. it is not confident that inflation will reach its target, so it might surround the conditions quite loose, that that creates downward pressure, and one reason why they are happy and japan, and you see that in the gdp data, it is because of a sense of loss of purchasing power because of the weaker currency in rising inflation, so how businesses are screaming for a tighter policy scenting, they are concerned about inflation tailoring off, and that is one challenge. while there may be further adjustments in terms of balance sheet policy by japan, there will also be baby steps. at the same time, we don't see any particular point every acceleration of growth. that is not such a bad situation. a competitive yen fueled by a perception that the boj is running easier monetary policy than other central banks should attract close in equity market -- flows in equity market. the bank of japan has been a big buyer of equity etf's the last few years. those purchases are on pause. will they consider
bank of japan is in a challenging spot. it is not confident that inflation will reach its target, so it might surround the conditions quite loose, that that creates downward pressure, and one reason why they are happy and japan, and you see that in the gdp data, it is because of a sense of loss of purchasing power because of the weaker currency in rising inflation, so how businesses are screaming for a tighter policy scenting, they are concerned about inflation tailoring off, and that is one...
0
0.0
May 2, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
of japan may persist.aw it go from 153 to 157 and trading between that level that led to a lot of analysts saying it is a sign they may intervene. we are not sure. reporters reached out to the ministry of finance and they said they will wait until the end of the month to report interventions they took throughout may you have to wait until the end of may to get the report the top currency diplomat for japan said he did not want to comment on any possible intervention he said they are ready to act 24 hours a day and even if he is overseas or on a plane he said the possibility is quite high the intervention may happen how much more will they intervene? markets are would not be surprised if the bank of japan would hike rates to support the yen against what many are saying is excessive speculation there are a number of business leaders in japan saying there has been speculation which has been detrimental to exporters. something the mitsubishi ceo said while a weekend is good for the exports, but the speculation
of japan may persist.aw it go from 153 to 157 and trading between that level that led to a lot of analysts saying it is a sign they may intervene. we are not sure. reporters reached out to the ministry of finance and they said they will wait until the end of the month to report interventions they took throughout may you have to wait until the end of may to get the report the top currency diplomat for japan said he did not want to comment on any possible intervention he said they are ready to...
0
0.0
May 30, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that's not going to be enough for the bank of japan to support the yen. if that continues, intervention may have to come back again. haslinda: you raised your eyebrow when i said that it's time for a correction in the market. look, 23 of the past 30 weeks have seen an increase in the s&p going straight out. it's time for a correction, isn't it? mark: you are right. i'm disappointed by this tv had today. i agree with everything stephen says which is no fun. i want to have a bloody argument. he's right but that's one part of the fun. the other part is, my most since inked markets view today, i'm stealing from you. in the break when you said, we've had five weeks. we are doing consolidation. you are right. the bull market will go on. it will take a couple weeks for the consolidation but it's nothing dramatic. haslinda: isn't there a key event to be looking for? nvidia stocks split. that may move markets. mark: why is that going to change the overall narrative? it's going to cause short-term volatility. haslinda: this has been driving market sentiment. mark:
that's not going to be enough for the bank of japan to support the yen. if that continues, intervention may have to come back again. haslinda: you raised your eyebrow when i said that it's time for a correction in the market. look, 23 of the past 30 weeks have seen an increase in the s&p going straight out. it's time for a correction, isn't it? mark: you are right. i'm disappointed by this tv had today. i agree with everything stephen says which is no fun. i want to have a bloody argument....
0
0.0
May 3, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
intervention this week by the bank of japan. >> that's right.ng to be tracking very close we get the official data but as you said that focus coming down to apple inthe session and the better numbers, mixed reports, and some sectors performing better than, services for instance, versus wearables, weakness, iphone sales and a big watch but tracking supplies when the hong kong sessions opens in half an hour's time from now. but they're the ones in focus for us, mainland china is shot for another session today -- is shut for another session today. the focus on hong kong and that outperformance we have seen over the course of this week. that stock rally showing no signs of letting up at this point in time but just taking a look at this rsi. because you are topping 70 and the question is whether we are seeing this sort of contraction starting to come into the session but that is it from daybreak asia." our markets coverage continues. ♪ ♪♪ ♪♪ ♪♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-8
intervention this week by the bank of japan. >> that's right.ng to be tracking very close we get the official data but as you said that focus coming down to apple inthe session and the better numbers, mixed reports, and some sectors performing better than, services for instance, versus wearables, weakness, iphone sales and a big watch but tracking supplies when the hong kong sessions opens in half an hour's time from now. but they're the ones in focus for us, mainland china is shot for...
0
0.0
May 27, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
haidi: that is pretty apt given the nature of the challenges that face the bank of japan as it looks into this beyond actually having interest rates beyond negative territory, so interesting conversation as we have seen a degree of patience or comfort in terms of where japanese bond yields are traveling as well as weakness we have seen in the economy as well. annabelle: that is right, and lots to be discussed in terms of market action in japan in particular, jgb 10-year yield sitting at a high, interesting to monitor given changing expectations. traders agitating for the boj to shift its policy settings higher. that is playing into yen dynamics and we have seen that sensitive to the yield gap between the boj and the fed, fairly steady but tracking around that 157 level. stocks wise, not too much of a lead-in from wall street, fairly quiet session on friday but a bit of a recovery. u.s. markets are set on friday for holiday. the action and focus on governor ueda. let's switch and look at what is happening in korea, because the focus is on its value of programs. country pushing more co
haidi: that is pretty apt given the nature of the challenges that face the bank of japan as it looks into this beyond actually having interest rates beyond negative territory, so interesting conversation as we have seen a degree of patience or comfort in terms of where japanese bond yields are traveling as well as weakness we have seen in the economy as well. annabelle: that is right, and lots to be discussed in terms of market action in japan in particular, jgb 10-year yield sitting at a high,...
0
0.0
May 30, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
i really key one to watch for the direction of the bank of japan, whether we are seeing a comic strengthrength warranting cutting. let's look at equities, we are 30 minutes out from the opening of sitting, soul and tokyo. aussie stocks particularly ookig at a gain of 7/10 of 1%. you look against u.s. futures and we did see u.s. gdp figures undershooting expectations overnight, softness in personal spending. concerns around the health of corporate america perhaps. we did see weakness but so far we are not seeing that translating so far. there are political risks to consider as well and that could of course play out over the coming months. haidi: really interesting. we know a lot of these markets tend to look at the colorful list of -- colorfulness of u.s. politics but this is historic, donald trump the first former u.s. president to be convicted of crimes. this verdict creates a daunting political and legal path ahead as he shapes up to take on president biden in november. jeannie, as we were chatting about, we are in uncharted territory. it is your assessment of the implications of this
i really key one to watch for the direction of the bank of japan, whether we are seeing a comic strengthrength warranting cutting. let's look at equities, we are 30 minutes out from the opening of sitting, soul and tokyo. aussie stocks particularly ookig at a gain of 7/10 of 1%. you look against u.s. futures and we did see u.s. gdp figures undershooting expectations overnight, softness in personal spending. concerns around the health of corporate america perhaps. we did see weakness but so far...
0
0.0
May 28, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the story jgb yields is a magnet higher, now that the bank of japan is suddenly in the market saying, we'll just let markets decide. this is what markets do, the bank of japan that has manipulated the long end of the curve in their bond market forever. i think this is all pressure on commercial real estate kre kr yields are going higher. the economy is doing just fine, and that's something that if you think about the u.s. government as a credit worthy buyer and where tax receipts have been coming in less than expected it's hard to believe with the job narcotmarket where it is, tx receipts have been these are small receipts in a story, elections coming and deficits not going to get better with an administration, you have a dynamic, tit's not good for commercial real estate. >> the class b office is in terrible shape, really go pear shaped so to speak what impact is that on the broader economy. we seem to just be okay with any particular -- with this issue. this report came out today no big deal when it came to the markets. we're willing to look past it to some stextent. >> a year ago
the story jgb yields is a magnet higher, now that the bank of japan is suddenly in the market saying, we'll just let markets decide. this is what markets do, the bank of japan that has manipulated the long end of the curve in their bond market forever. i think this is all pressure on commercial real estate kre kr yields are going higher. the economy is doing just fine, and that's something that if you think about the u.s. government as a credit worthy buyer and where tax receipts have been...
0
0.0
May 9, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the latest there is that the bank of japan's now really openly out saying, we may have to move faster and sooner than we thought before, because they're looking at the yen that continues to struggle. and the connection there obviously between the ten-year and the yen is pretty strong but i you this it's really the japanese market that is going to play here, because that's inching towards 1% on the ten-year yield that's sort of a psychological barrier, right just like in our market when we went to 4%, now close to 5%, so, we have to really watch this, because as much as the market is controlled by the boj, as they say, they can just as much move as fast as treasuries, really lily kwidty. so, i think it's going to be really interesti ing from here o bank of japan is going to manage interest rates >> so, if the boj does make a move, it would seem to me that that would be a permanent move -- a permanent move, meaning they'll stay at that level, higher levels, right? and so, therefore, the ten-year yield would stay at higher levels do you think this is a sustained move above 5%, because of
the latest there is that the bank of japan's now really openly out saying, we may have to move faster and sooner than we thought before, because they're looking at the yen that continues to struggle. and the connection there obviously between the ten-year and the yen is pretty strong but i you this it's really the japanese market that is going to play here, because that's inching towards 1% on the ten-year yield that's sort of a psychological barrier, right just like in our market when we went...
0
0.0
May 27, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
elsewhere, the bank of japan has signaled there is room for raising interest rates after japan shifted away from an inflation nor. the deputy governor said the end of the battle with deflation is insight while the governor found a way to proceed cautiously. and bill gross said that the bond market would be more disruptive if donald trump were the u.s. president rather than joe biden. the cofounder of pimco told the financial times that trump's advocacy over tax cuts makes his victory the more bearish of the candidates. that is your bloomberg business update. >> you always look different because you are the first woman for the first agent, the first indian, the first person of color. you're always the first, you are always underestimated. people don't know what to expect. francine: she's in charge of one of the most exclusive luxury brands in the world, chanel. the french fashion house made the move to appoint her the top job. previously human resources veteran, she spent three decades at unity firm for switching from the world of consumer goods to beauty. the firm's history is legendar
elsewhere, the bank of japan has signaled there is room for raising interest rates after japan shifted away from an inflation nor. the deputy governor said the end of the battle with deflation is insight while the governor found a way to proceed cautiously. and bill gross said that the bond market would be more disruptive if donald trump were the u.s. president rather than joe biden. the cofounder of pimco told the financial times that trump's advocacy over tax cuts makes his victory the more...
0
0.0
May 8, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
that is basically what you are hearing from the bank of japan. annmarie: how do you interpret that?athan: serious about policy. i wonder how serious they are about hiking in response to this and whether the shift in language of the back of something secretary yellen might have said, may be in private or on the record is to push them to change the way they are approaching this issue because it is a shift. lisa: is a great pr move to say if you are jawboning you have to show you recognition your policy is inadequate to capture the moment and that seems to be what he acknowledged. jonathan: speaking of changing, if you're wondering why that currency is on the table, euros sweden, that is a weaker swedish currency on the screen. a rate cut, the first one in eight years. lisa: and they indicated they will cut rates two additional times later this year. there currency is already down about 4.5% versus the euro and more than 7% versus developed market currencies this year. there is further weakening to go. they say they are ok with it. this is what we need for our economy. to me how much d
that is basically what you are hearing from the bank of japan. annmarie: how do you interpret that?athan: serious about policy. i wonder how serious they are about hiking in response to this and whether the shift in language of the back of something secretary yellen might have said, may be in private or on the record is to push them to change the way they are approaching this issue because it is a shift. lisa: is a great pr move to say if you are jawboning you have to show you recognition your...
0
0.0
May 27, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the bank of japan has signaled there is room for raising interest rate. in a speech, the deputy governor said the end of the battle with deflation is in sight. those are your top stories this morning. ♪ fencing: thank you for coming on leaders. i am great because i am speaking with you. if i was a merchant, meeting you for the first time, how would you describe your company? bruce: we invest in and by the backbone of the economy. when water gets delivered to your house, the pipeline that brings different things to your community, the telecom towers that transmit your phone, the data center, the real estate that you live in, it is what we own and build. in is what drives the economy. it is because we are behind the scenes, but it is big. we are behind a lot of the things of the global economy. we had -- sometimes it helps and sometimes it does not, but on balance, it has been good for us. francine: you have been in charge for 20 years at brookfield, two decades, over two decades. you have grown the business by so much. what was the most difficult question
the bank of japan has signaled there is room for raising interest rate. in a speech, the deputy governor said the end of the battle with deflation is in sight. those are your top stories this morning. ♪ fencing: thank you for coming on leaders. i am great because i am speaking with you. if i was a merchant, meeting you for the first time, how would you describe your company? bruce: we invest in and by the backbone of the economy. when water gets delivered to your house, the pipeline that...
13
13
May 17, 2024
05/24
by
BLOOMBERG
tv
eye 13
favorite 0
quote 0
major central banks, bank of japan even, if things are moving according to fundamentals, i would argue it is reflecting week fundamentals. central banks are willing to tolerate, they just do not like volatility so you will see smoothing at the edges and i expect that to continue, but the main determinant is interest-rate differentials. i think dollar china, the u.s. will cut interest rates even though china is weak because they know interest rates will not stimulate the economy. if you have that differential view, maybe that pair is not as vulnerable. paul: picking up on your thoughts on the fed, amy will stay with us to talk about the path ahead, and still ahead, bane shares their outlook on private equity and we discussed why dealmaking might remain tepid. first, janie diamond sounds the alarm on inflation. we would hear why he thinks chances of a hard landing could be higher. this is bloomberg. ♪ >> incoming information indicates it will take longer to gain confidence. as we gain clarity about inflation. paul: that was loretta messner doubling down on higher for longer. jamie dimon
major central banks, bank of japan even, if things are moving according to fundamentals, i would argue it is reflecting week fundamentals. central banks are willing to tolerate, they just do not like volatility so you will see smoothing at the edges and i expect that to continue, but the main determinant is interest-rate differentials. i think dollar china, the u.s. will cut interest rates even though china is weak because they know interest rates will not stimulate the economy. if you have...
0
0.0
May 20, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
bank of japan is moving slowly so i macro point of view things are looking good.na is getting serious about the property sector. not too much going wrong. auslander: we talk about taiwan and a heightening of tensions, it seems like investors are under pricing risk. mark: taking market positioning does not play up so people take outright positions and the not rewarded. we seen it to the days of north korea, we hardly ever see that reaction these days. investors have been burnt. if something serious develops you can bet markets will respond after the event rather than before. auslander: expectations are so high, so much room for disappointment. >> not many can move global markets and nvidia has risen so much, many people are involved in it. ai is important. investors have seen this as a point to remove from the market. starting to reduce. certainly this time the bar is high for nvidia to beat earnings. auslander: a pullback would be detrimental to market sentiment. how much might we expect? mark: they could create a setback in the market, when it moves we've seen th
bank of japan is moving slowly so i macro point of view things are looking good.na is getting serious about the property sector. not too much going wrong. auslander: we talk about taiwan and a heightening of tensions, it seems like investors are under pricing risk. mark: taking market positioning does not play up so people take outright positions and the not rewarded. we seen it to the days of north korea, we hardly ever see that reaction these days. investors have been burnt. if something...
0
0.0
May 31, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
if signed it would be the largest bank loan issued in the asia-pacific outside of japan going back to2. haidi: futures in new york opening for this friday session. a little upside when it comes to asian stocks. not much is carried through. some futures on the back foot, we saw broadly higher for european equities on thursday. it was a rebound of the low. it looks like broad-based means may be giving up a little bit given the pressure from the recent surge in bond yields despite cooling when it comes to the big move. in the previous session we saw real estate and telecom stocks seeing gains but the stoxx 600, the biggest one-day slide in a month. looking at how u.s. risk assets are trading, this as we continue to look for market reaction to the historic news that donald trump has become the first former u.s. president to become -- be found guilty of criminal charges related to the hush money payment to a porn star. this models the outlook when we are just five months away from election day in the united states and the implications of when the sentencing will happen, what it will look l
if signed it would be the largest bank loan issued in the asia-pacific outside of japan going back to2. haidi: futures in new york opening for this friday session. a little upside when it comes to asian stocks. not much is carried through. some futures on the back foot, we saw broadly higher for european equities on thursday. it was a rebound of the low. it looks like broad-based means may be giving up a little bit given the pressure from the recent surge in bond yields despite cooling when it...
0
0.0
May 30, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we are also expecting the bank of japan to shift is stocked to reduce potential for a further decrease. jonathan: it sounds like you have a long-term fundamental view of japan can you say the same about china or is that a tactical call? seema: at the moment is tactical. we look at this as an opportunity. there is such negativity towards china that's priced and now. they are not doing enough to really prompt a major credit stimulus. there is an opportunity for our performance and you are starting to see interest in the market. jonathan: upgrades from the imf recently. china, in vogue at the moment. lisa: people saying it's been undervalued and they are supporting their economy through buying homes. it's hard to know how sustainable it is? annmarie: they talked about the weakness in the property sector there this is still a concern and drag in china. jonathan: let's talk about earnings and china. lisa: if you have ever been to kohl's it came in with weaker than expected earnings. the expectation of $2.10 this is a massive mess across the board with sales and operating margin cells. at wh
we are also expecting the bank of japan to shift is stocked to reduce potential for a further decrease. jonathan: it sounds like you have a long-term fundamental view of japan can you say the same about china or is that a tactical call? seema: at the moment is tactical. we look at this as an opportunity. there is such negativity towards china that's priced and now. they are not doing enough to really prompt a major credit stimulus. there is an opportunity for our performance and you are...
0
0.0
May 10, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the bank of japan has not begun to decrease interest rates therefore widening the differentials. there is nothing wrong with that. there is harbor and terror and they are missing out on 101 economics. haslinda: for the pboc, how much room does it have to cut rates given the fed is taking higher for longer? might it take the opportunity in june or after when the ecb does start to cut its rate? andrew: thanks very much. you raised a beautiful point for me. the pboc controls primarily quantity. a lot of the things they do is they say, we are going to reduce foreign exchange and the reserve requirements of the bank and we will change the way the reserve requirements can be used and they are not really touching interest rates which is correct. they can either control quantity or interest rates. not both. they are unwilling to do too much on interest rates so i would not be surprised they are decreasing the reserve requirements of the bank. completely correct and consistent policies. haslinda: andrew, hang tight. we will have more from andrew harris. let's have a check on how hong kong
the bank of japan has not begun to decrease interest rates therefore widening the differentials. there is nothing wrong with that. there is harbor and terror and they are missing out on 101 economics. haslinda: for the pboc, how much room does it have to cut rates given the fed is taking higher for longer? might it take the opportunity in june or after when the ecb does start to cut its rate? andrew: thanks very much. you raised a beautiful point for me. the pboc controls primarily quantity. a...
30
30
May 16, 2024
05/24
by
BLOOMBERG
tv
eye 30
favorite 0
quote 0
we think it is far too cheap and represents a major challenge for the bank of japan and the ministry of finance on the ground in tokyo. import inflation for food in japan is extremely high. getting that yen stronger one-way are the other is the only real way that households in japan can still get some relief given what has happened with the major depreciation we have seen so far this year. paul: an easy way to get in strength will be for that boj to continue tightening. but 2% contraction on the year for the quarter, the boj is on the horns of a dilemma. >> it is an exceptionally difficult challenge. for japan it's a tougher road ahead than the ecb of the fed. but bear in mind that potential gdp growth in japan is very low because there are structural factors. your at a run rate of maybe .5 or a little higher. any given quarter, japan can easily slip into recession. it's not about the gdp story, it's about can the boj be brave enough to move forward and tighten conditions so that the yen appreciates. that is really what has to happen here. paul: thank you so much for joining us with
we think it is far too cheap and represents a major challenge for the bank of japan and the ministry of finance on the ground in tokyo. import inflation for food in japan is extremely high. getting that yen stronger one-way are the other is the only real way that households in japan can still get some relief given what has happened with the major depreciation we have seen so far this year. paul: an easy way to get in strength will be for that boj to continue tightening. but 2% contraction on...
0
0.0
May 2, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
maybe it was the bank of japan stepping in?athan: i will tell you the inconsistency, it's this year in the bond market. if that had faded as well, ok, something is happening. but yields being lower in the session, they are lower again this morning. lisa: strange on every level. annmarie: what we heard yesterday was that the bigger risk was to the long end of the yield curve. lisa: it's not too stocks. stocks are where they were before the press conference. the tail risk was where it was before the hike. it was taken off the table. bonds, if they are potentially more easy than people thought, what does it mean for long-term inflation? jonathan: alan ruskin, you can make that five now. lisa: the most since the last fed meeting, that's what people were looking at and it gives you a look at what jay powell can do. jonathan: we said it yesterday. the fx market look like this. dollar-yen, 150 532. yesterday was just amazing, 4 a.m. to 5 a.m. tokyo time, staying up late, may be getting up early. pick one. the market moved big-time, ga
maybe it was the bank of japan stepping in?athan: i will tell you the inconsistency, it's this year in the bond market. if that had faded as well, ok, something is happening. but yields being lower in the session, they are lower again this morning. lisa: strange on every level. annmarie: what we heard yesterday was that the bigger risk was to the long end of the yield curve. lisa: it's not too stocks. stocks are where they were before the press conference. the tail risk was where it was before...
0
0.0
May 13, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
bank of japan has been reducing bond purchases so we've seen a move higher in yields and support for. msci asia-pacific is flat at 177. we will talk eu elections with johan, a member of european parliament. stay tuned, that is next, this tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. asia stocks start the week mixed as reports emerge china will begin selling $138 billion in ultra long bonds. traders looking ahead to u.s. cpi data due out later this week. president biden is set to quadruple tariffs on chinese dvds and sharply increase levies on other key industries, as washington's trade battle with beijing intensifies. leadership shakeup. russian president vladimir putin replaces his long serving defense minister, an unexpected changing of the guard more than two years into moscow's invasion of ukraine. let's check in on these markets. worth or electing on the fact that the s&p notched gains just shy of 0.2%, back above 5200. currently european figures after notching record highs by the close on friday, are looking to add about a 10th of a percen
bank of japan has been reducing bond purchases so we've seen a move higher in yields and support for. msci asia-pacific is flat at 177. we will talk eu elections with johan, a member of european parliament. stay tuned, that is next, this tom: good morning, this is "bloomberg daybreak europe," i'm tom mackenzie in london. asia stocks start the week mixed as reports emerge china will begin selling $138 billion in ultra long bonds. traders looking ahead to u.s. cpi data due out later...
0
0.0
May 24, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
haidi: potentially pushback from the video j -- from the bank of japan and weakness in the yen but nvidiais still there but we are seeing a return to reality when it comes to seeing central banks led by the fed staying higher for longer and what does it mean to sustain the momentum of the rally. annabelle: set a high for longer will play into the direction of the japanese yen. michael wilson saying everything is converging for further yen weakness, trading around the 157 bark today and we had japan inflation numbers out earlier calling for [indiscernible] still above the price target of 2% but we see
haidi: potentially pushback from the video j -- from the bank of japan and weakness in the yen but nvidiais still there but we are seeing a return to reality when it comes to seeing central banks led by the fed staying higher for longer and what does it mean to sustain the momentum of the rally. annabelle: set a high for longer will play into the direction of the japanese yen. michael wilson saying everything is converging for further yen weakness, trading around the 157 bark today and we had...
0
0.0
May 6, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
>> in japan, we are focusing on the banking sector because given the week as of the yen it is likely the boj will hike rates again, good be in the month of july. that is the place to be in the japanese equity market. on indonesia, it is more of the cousin of india, which has done well in recent months and quarters. equity market exposure and cheaper valuations. if the economy grows and 5%, given attractive valuation we could see some interest from foreign investors. paul: in terms of japan we strongly suspect we saw a little bit of intervention last week. it is a long weekend for japan is well, the market on holiday today. do you anticipate we might see any action from administrative finance or do you think that is mission complete for now? i think the bank of japan of finance are trying to cut volatility in the yen market, not trying to influence the price of oil. we might see some further action if the yen moves above 15 five, but the bigger problem at the moment is the u.s. bond rate. with the softness in the labor market, that should provide support for the yen, so we see currenc
>> in japan, we are focusing on the banking sector because given the week as of the yen it is likely the boj will hike rates again, good be in the month of july. that is the place to be in the japanese equity market. on indonesia, it is more of the cousin of india, which has done well in recent months and quarters. equity market exposure and cheaper valuations. if the economy grows and 5%, given attractive valuation we could see some interest from foreign investors. paul: in terms of...
0
0.0
May 21, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
you touched on some points but what do we need to see from the bank of japan? >> they are looking for wage increases from some consumer companies who are willing to use pricing power. but for the overall market i think what is key is the companies continue to deliver higher r.o.e.'s and profits. for some of them a stronger yen will be a problem so they need to look at the underlying profitability and key business units. on that front we also see a nice combination of investors pressuring companies, private the allocating more money which is helping speed up some changes that need it happen. once investors get a sense this is a different par dime which i think started last year and tense this year they will put more monday in the market. we're seeing a pickup of investors from all regions but the debate is still raging. they have not decided that japan is really the place to go overweight 100% so that is the opportunity. >> when it comes to the benefits versus the detriments of the move with the i don't know we had commentary from the finance minister. you talke
you touched on some points but what do we need to see from the bank of japan? >> they are looking for wage increases from some consumer companies who are willing to use pricing power. but for the overall market i think what is key is the companies continue to deliver higher r.o.e.'s and profits. for some of them a stronger yen will be a problem so they need to look at the underlying profitability and key business units. on that front we also see a nice combination of investors pressuring...
72
72
May 24, 2024
05/24
by
BLOOMBERG
tv
eye 72
favorite 0
quote 1
haidi: potentially pushback from the video j -- from the bank of japan and weakness in the yen but nvidia excitement is still there but we are seeing a return to reality when it comes to seeing central banks led by the fed staying higher for longer and what does it mean to sustain the momentum of the rally. annabelle: set a high for longer will play into the direction of the japanese yen. michael wilson saying everything is converging for further yen weakness, trading around the 157 bark today and we had japan inflation numbers out earlier calling for [indiscernible] still above the price target of 2% but we see the yen depreciation fueling concerns of the cost push inflationary pressure could be here to say -- here to stay. playing into a perhaps is the slow down in the rise of food prices and perhaps businesses a little cautious to pass costs onto consumer because they are aware of the cost of living pressures building. equities down 1.5% today. it's not just a story of japan's inflation. u.s. numbers came out overnight and we saw further resilience come into the u.s. economy. pushing o
haidi: potentially pushback from the video j -- from the bank of japan and weakness in the yen but nvidia excitement is still there but we are seeing a return to reality when it comes to seeing central banks led by the fed staying higher for longer and what does it mean to sustain the momentum of the rally. annabelle: set a high for longer will play into the direction of the japanese yen. michael wilson saying everything is converging for further yen weakness, trading around the 157 bark today...
0
0.0
May 19, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
here in asia of course the central bank of japan may need to raise interest rates.ecause inflation is just getting away from them. growth was slow. we had fairly poor growth of gdp number and the high inflation is not helping consumer confidence. central bankers really have their work cut out for them. stagflation is certainly a bit of a theme in japan at the moment. haidi: of course this time around there is no heavy lifting if you will being done from china. what do you make of these latest efforts to try and support the property sector? we had a report out suggesting direct purchases from local government was going to be something they are considering. do we need more of a big bang from there? frederic: their market certainly took it well friday because it senses greater urgency in beijing. we are thinking of dialing up their response. having said that, the numbers in terms of funding being put behind this, it is still not quite where it needs to be to have a quick fix. so what is encouraging is that we have new tools to address this issue but i think the market
here in asia of course the central bank of japan may need to raise interest rates.ecause inflation is just getting away from them. growth was slow. we had fairly poor growth of gdp number and the high inflation is not helping consumer confidence. central bankers really have their work cut out for them. stagflation is certainly a bit of a theme in japan at the moment. haidi: of course this time around there is no heavy lifting if you will being done from china. what do you make of these latest...
0
0.0
May 30, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
and other expectations of a bank of japan rate hike at this point. 10-year yields have risen in eachbig increase of 34 basis points, in 2022 also the only year that we saw a decline in the topix as well. so it's a question of how much of that push higher in yields that we could see equities be able to withstand as they did across those other years. this year yields are up 46 basis points. it is seen as a danger zone for stocks. so it's an interesting way to look at this as we see that big push higher for the 10-year yield, the highest since 2011 for jgb's. the yields on two-year notes for treasuries rising on wednesday, pretty close to that 5% mark last reached on may 1. so that is one of the key trading themes we are watching, the impact of the mold in yields across equity session. you can get more bloomberg radio, the day's newsmakers and in-depth analysis from the "daybreak team" broadcasting live from our studio in hong kong. it's available on bloomberg radio+ and also on the terminal. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about th
and other expectations of a bank of japan rate hike at this point. 10-year yields have risen in eachbig increase of 34 basis points, in 2022 also the only year that we saw a decline in the topix as well. so it's a question of how much of that push higher in yields that we could see equities be able to withstand as they did across those other years. this year yields are up 46 basis points. it is seen as a danger zone for stocks. so it's an interesting way to look at this as we see that big push...
0
0.0
May 2, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we will talk about the fed and bank of japan in just a moment. we do have plenty more to come, this is bloomberg. ♪ paul: we talked a little bit about that rally we saw on the hang seng. let's get back to our mliv strategist mark cranfield. seems like hong kong didn't really get the memo from the fed. it was a bit of a master class in how to say something without saying anything at all. the fed promising it will not lift rates. is that what passes for dovishness these days? mark: i think between the lines, it was not a dovish outright statement, but it was a lot less hawkish than people had feared going into the fomc decision. the highlights, as you say, the fact that rate hikes are not really on the table. more importantly for the bond market especially, talk about the cutie, -- the talk about the qt, reducing the balance sheet run. it will be down from 60 billion a month, to 25 billion. that's a much bigger change than expected. it also comes in more quickly from june. they brought it forward. in a way, that's like kind of a stealth easing in i
we will talk about the fed and bank of japan in just a moment. we do have plenty more to come, this is bloomberg. ♪ paul: we talked a little bit about that rally we saw on the hang seng. let's get back to our mliv strategist mark cranfield. seems like hong kong didn't really get the memo from the fed. it was a bit of a master class in how to say something without saying anything at all. the fed promising it will not lift rates. is that what passes for dovishness these days? mark: i think...
61
61
May 10, 2024
05/24
by
CNBC
tv
eye 61
favorite 0
quote 1
, the bank of japan is hawkish which stands in contrast than the press conference that sounded dovishhe minutes came out and they said they will review the yield curve control and hiking rates early. we set japan aside it is a different cycle in japan over what we are seeing in the developed markets. >> at the end of may and if they intervened with the yen. almost as if on cue, we are seeing middle east tension flaring up israel pushing back against the united states. the ecb said oil prices are a factor in the decision does the bank of england weigh oil in the same way? do you compare to the ecb? >> the ecb is a little more cognizant on energy prices with the euro being reasonably weaker based on what the ecb has been saying overall, they should judge that. the key is the domestic economy. in europe, the inflation pressure has largely been the increase in energy prices. in the u.s., it has been pure demand that's why market participants are pricing in european central banks to cut rates before the fed. the strength of the u.s. economy and you can argue how strong it is given with the
, the bank of japan is hawkish which stands in contrast than the press conference that sounded dovishhe minutes came out and they said they will review the yield curve control and hiking rates early. we set japan aside it is a different cycle in japan over what we are seeing in the developed markets. >> at the end of may and if they intervened with the yen. almost as if on cue, we are seeing middle east tension flaring up israel pushing back against the united states. the ecb said oil...
0
0.0
May 1, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
so it's that disconnect leading to inflation, where the bank of japan is almost ok with the weaknesse yen, versus the government, which is the ministry of finance, would like some stability in the yen, and that is why we are seeing some interventions. can the interventions have an impact? i think the impact is temporary, because market forces are driving the yen weaker. and as long as interest rates in the u.s. stay high, it is hard for the yen to become stronger. annabelle: really great to have you with us. haidi: pooja malik, partner at nippon capital. we are about tournament away from the start of cash trading in sydney and also the open in korea and japan as well. sydney futures looking pretty muted. looking like we will extend the losses from the previous session, a broad-based selloff we saw wednesday. not getting much of a relief at the moment. looking at a bit of a decline of about .1% as we get to the start of trading as we saw u.s. equities falling, reversing that afternoon rally. chipmakers, energy strauch's -- energy stocks. nikkei futures also looking pretty muted despit
so it's that disconnect leading to inflation, where the bank of japan is almost ok with the weaknesse yen, versus the government, which is the ministry of finance, would like some stability in the yen, and that is why we are seeing some interventions. can the interventions have an impact? i think the impact is temporary, because market forces are driving the yen weaker. and as long as interest rates in the u.s. stay high, it is hard for the yen to become stronger. annabelle: really great to...
0
0.0
May 10, 2024
05/24
by
FBC
tv
eye 0
favorite 0
quote 0
also, we're going to have the fact that the intervention by the japanese bank of japan slowed down theo be i think wrong. when i got into the business in the 1970s i remember trading spot dollar yen at 250 yen to the dollar, we're 155 right now. we go through 160, we're on our way to 200 yen, it's going to be a devaluation, that's going to spread across asia and will be disconcerting to everybody. maria: what's the impact on the dollar? >> the dollar probably gets good deal stronger relative to the japanese yen, probably gets modestly stronger relative to the euro and stronger relative to chinese rmnb china and japan needs to watch what one another are doing and they'll continue to competitively devalue their currencies. maria: it's nice to see green shoots in capital markets activity. the journal writes this, buybacks are back, noting that share repurchases are up sharply for the first quarter, led by meta and apple. i spoke to the ceo of chevron, mike wirth says they would keep up buybacks and dividend increases and that's what shareholders want to see. >> this brings into the fact t
also, we're going to have the fact that the intervention by the japanese bank of japan slowed down theo be i think wrong. when i got into the business in the 1970s i remember trading spot dollar yen at 250 yen to the dollar, we're 155 right now. we go through 160, we're on our way to 200 yen, it's going to be a devaluation, that's going to spread across asia and will be disconcerting to everybody. maria: what's the impact on the dollar? >> the dollar probably gets good deal stronger...
0
0.0
tv
eye 0
favorite 0
quote 0
the yen surging 2%, traders expecting intervention from the bank of japan.ll be right back. ♪ honestly, i was scared when i was told age related macular degeneration could jeopardize my vision. great. one more thing to worry about. it was all too hard to deal with in the beginning, but making a plan with my doctor to add precision was easy. preservision areds2 contains the exact nei recommended, clinically proven nutrient formula to help reduce the risk of moderate to advanced amd progression. thanks to preservision, i feel better that i'm doing something about it like millions of others. preservision. hi, i'm jason. i've lost 228 pounds on golo. so when my doctor told me i needed weight loss surgery, i knew i had to make a change. golo's helped me transition to a healthier, sustainable lifestyle. i'm so surprised just how crazy my metabolism has fired up. i have a trust in golo 'cause i know it works. golo isn't like every other program out there, and i'm living proof of it. (announcer) change your life at golo.com. that's golo.com. her uncle's unhappy. i'm
the yen surging 2%, traders expecting intervention from the bank of japan.ll be right back. ♪ honestly, i was scared when i was told age related macular degeneration could jeopardize my vision. great. one more thing to worry about. it was all too hard to deal with in the beginning, but making a plan with my doctor to add precision was easy. preservision areds2 contains the exact nei recommended, clinically proven nutrient formula to help reduce the risk of moderate to advanced amd...
0
0.0
May 7, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we had some data points drop ingrid this is the final reading for april for the bank of japan pmi composite services. both of those holding fairly steady from the prior readings and importantly, holding above that key 50 mark. 52.3 the composite reading and 54.3 for services as well. what else we are tracking today is just that general optimism coming into the session so far. a bit of a catch up as well, given we see u.s. equities having their best rally since november overnight. the 50 day moving average threshold crossed by the s&p 500. so it is a little down to the earnings theme. we have seen solid numbers from the big tech space, but also, as always, expectations around the fed and these predictions we could see perhaps a fed rate cut as soon as september of course really playing into -- haidi: this kind of narrative that keeps shifting. higher for longer. when does the first cut come through? bloomberg economics doesn't expect that until well into the second half, and a lot of economists say not at all for the year. but the rba expected to keep things unchanged with a policy decision
we had some data points drop ingrid this is the final reading for april for the bank of japan pmi composite services. both of those holding fairly steady from the prior readings and importantly, holding above that key 50 mark. 52.3 the composite reading and 54.3 for services as well. what else we are tracking today is just that general optimism coming into the session so far. a bit of a catch up as well, given we see u.s. equities having their best rally since november overnight. the 50 day...
0
0.0
May 28, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
of japan conference in tokyo this morning where her colleague, loretta mester argued statements wouldrovide more clarity over the economy we have mike gallagher here with us here in london on set i want to go back to kashkari's comments to be honest, we did not get anything new it was by and large nothing unexpected there is a lot of volatile data coming through are you on board with this >> i think so. really, at the moment, the fed doesn't want the market to get too excited about rate cuts. that's the message that we broadly heard and i expect to see that message on june 12th. it really is the data that's critical now i think the thing we would say is that the previous tightening that the fed did is still feeding through and that will slow the economy the idea of a robust economy is going to be more uncertain in the second half of the year. also, if you look at the trend in terms of average earnings, they kind of suggest service inflation should come down and inflation generally should come down we should be looking at an inflation trajectory of 2.5% or below. that should be enough
of japan conference in tokyo this morning where her colleague, loretta mester argued statements wouldrovide more clarity over the economy we have mike gallagher here with us here in london on set i want to go back to kashkari's comments to be honest, we did not get anything new it was by and large nothing unexpected there is a lot of volatile data coming through are you on board with this >> i think so. really, at the moment, the fed doesn't want the market to get too excited about rate...
0
0.0
May 22, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the bank of japan is doing steady normalization. the ecb is set to cut in june. like we discussed, the june cut is going to be delayed. all of this creates interesting opportunities for macro investors. we've had several upside investors, but we've had four downside surprises, and so it actually argues for performance in canadian, swedish rates. it's a very opportunistic environment. >> i want to pick up when it came to the fx phase. people were really sitting on their hands. do you see more volatility coming back here because we're seeing that divergence between the big central banks of the world. you say there's some real interesting trade opportunities here. >> yeah, absolutely. we're looking at things to pick up. it's been interesting that it's been submitted given the uncertainty with still unwinding distortions from the pandemic, the energy price shock and the ordinary seasonal distortions you get on record. so you've got lots of things that could create uncertainties, so you definitely do think that's the prospect. >> overall sentiment, whether we talk abo
the bank of japan is doing steady normalization. the ecb is set to cut in june. like we discussed, the june cut is going to be delayed. all of this creates interesting opportunities for macro investors. we've had several upside investors, but we've had four downside surprises, and so it actually argues for performance in canadian, swedish rates. it's a very opportunistic environment. >> i want to pick up when it came to the fx phase. people were really sitting on their hands. do you see...
0
0.0
May 29, 2024
05/24
by
CNBC
tv
eye 0
favorite 0
quote 0
bank of japan intervened tries trying to strengthen their currency. it's right back headed to 160. you tell me. it looks like a currency crisis to me. nobody wants to say it. when you are talking about i think the third largest economy in the world and larger holder of our bonds is problematic. >> i am one of those people that feel the rates, markets, credit markets really are not where you need to be focused but the equity markets are not paying attention. and when you get data like we just got from goldman's prime brokerage unit that essentially we have never been in a greater position towards the mag 7 stocks, record exposure, folks. and it's one data point from one prime broker. one of the bigger ones. it tells you that it's been easy to hide out in the names. now, they have been defensive during difficult times in the market for three years. so it may continue to be. about you it could also be masking where there really is a broader dynamic that people need to pay attention to. they are defensive in a higher rate environment. these are companies that more cash than god, don't
bank of japan intervened tries trying to strengthen their currency. it's right back headed to 160. you tell me. it looks like a currency crisis to me. nobody wants to say it. when you are talking about i think the third largest economy in the world and larger holder of our bonds is problematic. >> i am one of those people that feel the rates, markets, credit markets really are not where you need to be focused but the equity markets are not paying attention. and when you get data like we...
0
0.0
May 22, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jonathan: you mentioned bank of japan. this is not the disruptive journey we thought it would be.as season real problems in fixed income. why have things been much calmer not only in japan but europe as well? we didn't have the peripheral debt explosion. >> the qe is a special, you could do two hours on that. on 10 year yields, the vast majority of people saving for the long-termer saving for retirement. if you have a zero rate on your 10 year yield, people have to save more, not less. so you reduce the rate of growth in your economy. you boosted by allowing yields to move higher. rick read her was hinting at stuff like this is not surprising we work at the same place at long time ago. if rates are at the levels they are at in the united states now at 4.5, that's the optimum level for reducing the rate of savings and stimulating the economy. this might be more of a future where the 10 year yield is around this barrier. if it drops below four that's a problem but if it goes above five that's a problem. jonathan: what is the new equilibrium with that in mind? i don't want to call it
jonathan: you mentioned bank of japan. this is not the disruptive journey we thought it would be.as season real problems in fixed income. why have things been much calmer not only in japan but europe as well? we didn't have the peripheral debt explosion. >> the qe is a special, you could do two hours on that. on 10 year yields, the vast majority of people saving for the long-termer saving for retirement. if you have a zero rate on your 10 year yield, people have to save more, not less. so...
0
0.0
May 1, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
lisa: but arguably one of the reasons you seen a big selloff as the bank of japan didn't take a moreoncerned, saying that they would raise rates. they were watching it but it was not the main thing, raising the question that if they are not that concerned about it, at what point does it hamper the economy with the bad inflation it supported? jonathan: that is why it is eventually so much harder. doesn't feel like they are on the same page at all. lisa: and until the bank of japan gets on the same page, can you get a sustained rally? annmarie: today under surveillance -- jonathan: today under surveillance, the fed expected to keep rates steady and jay powell expected to make a hawkish pivot following a series of hotter than expected prince. david rosenberg later this morning, but hawkish relative to what, the most important market question we have going into this news conference. relative to the last meeting or to what's already priced in the market? as we said at the start of the program, one is a much higher bar. lisa: it goes down to as he want to engineer a selloff? he showed the
lisa: but arguably one of the reasons you seen a big selloff as the bank of japan didn't take a moreoncerned, saying that they would raise rates. they were watching it but it was not the main thing, raising the question that if they are not that concerned about it, at what point does it hamper the economy with the bad inflation it supported? jonathan: that is why it is eventually so much harder. doesn't feel like they are on the same page at all. lisa: and until the bank of japan gets on the...