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Apr 29, 2024
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whilst the bank of ja an year? absolutely. whilst the bank of japan played — year? absolutely. absolutely. whilst the bank of japan played down the _ year? absolutely. whilst the bank of japan played down the yen _ year? absolutely. whilst the bank of| japan played down the yen weakness, because it has benefits for the country, it is a good time to visit japan, exports are doing well as well. they were not officially comment, and that is a comment in itself. the general weakness of the yen is probablyjustified, there is a big interest rate differential between japan and a big interest rate differential betweenjapan and the us. when you see moves of about 1%, it doesn't sound like a lot but it is huge in fx terms. if the market test the bank ofjapan's fx terms. if the market test the bank of japan's resolve again and actually tries to push that yen up... it actually tries to push that yen u - . .. , , ., , up... it is interesting to see it -la out up... it is interesting to see it play out in — up. .. it is interesting to see it play out in real— up... it is interesting to see i
whilst the bank of ja an year? absolutely. whilst the bank of japan played — year? absolutely. absolutely. whilst the bank of japan played down the _ year? absolutely. whilst the bank of japan played down the yen _ year? absolutely. whilst the bank of| japan played down the yen weakness, because it has benefits for the country, it is a good time to visit japan, exports are doing well as well. they were not officially comment, and that is a comment in itself. the general weakness of the yen is...
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Apr 25, 2024
04/24
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bank of japan. they are expected to keep interest settings unchanged friday or the spotlight will be on governor ueda more intensely than usual because we have currency officials ramping up warnings about the yen which is right now trading around 155.58. gigi is reporting that the central bank will consider measures to shrink government bond purchases. let's get to our executive editor for asian markets, paul dobson. let's start with the boj, anticipating what could be rather interesting inflation data and the backdrop of a week yen. we are expecting perhaps not policy change but may be rhetoric change today. >> i think that is what investors are looking out for because of the currency weakness, there's a sense the boj needs to do something to give an idea that more rate hikes will be coming later in the year or mindful of what's going on with the currency. things to work out for -- look out for is referencing more aggressively the impact of the currency on the inflation outlook. investors may consi
bank of japan. they are expected to keep interest settings unchanged friday or the spotlight will be on governor ueda more intensely than usual because we have currency officials ramping up warnings about the yen which is right now trading around 155.58. gigi is reporting that the central bank will consider measures to shrink government bond purchases. let's get to our executive editor for asian markets, paul dobson. let's start with the boj, anticipating what could be rather interesting...
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Apr 26, 2024
04/24
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we just had a big miss for tokyo cpi on the eve of the bank of japan meeting. we heard some more currency talk from the finance minister about supporting the yen. blowout results for some u.s. tech stocks. concerning data out of the u.s. as well. how is the market going to balance out of this? avril: there's a lot to digest. thinking about how the stagflation chatter is coming back to the four in the u.s. and how this yen depreciation will figure into the conversation for boj policymakers? we are waiting with bated breath whether this forces the japanese central bank to come through with hawkish signals. we do have the open in japan now and now the big tech tailwind for stocks. a little bit of upside on the nikkei at the start of trade. we are still seeing dollar yen hovering at 155.6. of course it's about whether we get any indication about curtailing of bond purchases from the japanese central bank. seems like the bond markets are betting we do coming on the japanese 10 year government bonds. let's take a look at what we are seeing in south korea. yesterday w
we just had a big miss for tokyo cpi on the eve of the bank of japan meeting. we heard some more currency talk from the finance minister about supporting the yen. blowout results for some u.s. tech stocks. concerning data out of the u.s. as well. how is the market going to balance out of this? avril: there's a lot to digest. thinking about how the stagflation chatter is coming back to the four in the u.s. and how this yen depreciation will figure into the conversation for boj policymakers? we...
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Apr 24, 2024
04/24
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do you see the bank of japan or the fed moving rates more in 2024? jung: so, probably we have a very slim chance of any rate cut this year. somebody is already talking about a rate hike but i think they remain a minority. however, in this market the greed can be taken over by fear very easily. and we have ecb moving into cut rates in the summer. from the perspective of the boj, the right time to intervene is probably later second quarter when the ecb makes the move. paul: just in your view, is intervention really worth it? there is always a risk you just give traders a more attractive selling price. jung: true but we also have to be cautious about what other big players are doing. so if you go out with a lot of fire on your back will pose a lot of risk. obviously the boj does not want to embarrass itself. they will act very consciously and i am prettier sure they are looking for the right moment to intervene. paul: all right. jung in yun, thank you so much for joining us today with your insights on both central banks and also some of those tech names
do you see the bank of japan or the fed moving rates more in 2024? jung: so, probably we have a very slim chance of any rate cut this year. somebody is already talking about a rate hike but i think they remain a minority. however, in this market the greed can be taken over by fear very easily. and we have ecb moving into cut rates in the summer. from the perspective of the boj, the right time to intervene is probably later second quarter when the ecb makes the move. paul: just in your view, is...
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Apr 30, 2024
04/24
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an analysis of bank of japan accounts suggests the bank of japan it likely intervened to support of theen. the boj reported on both of them at a drop of 7.5 ¥6 trillion and its current account today, much larger than the ¥2.1 trillion expected, suggesting an intervention of about five .5 true union took place the ministry of finance refrained from confirming that there was intervention after rapid appreciation took the yen to about 150 per dollar on monday. is our little weight on the muskets to respond to the temporary truce in hostage release proposal. the state non-news says the israeli government is expecting an answer from the iranian-backed militant group wednesday evening. the internationally mediated proposal says israeli forces agreed to withdraw from portions of gaza, austria is tightening scrutiny of minerals. the rules also include speeding up approvals and ignore risk areas to boost economic growth, china's dominance in the clinical minerals supply chain has prompted us to get to boost its industries by working with allies like the u.s., japan and south korea. binance found
an analysis of bank of japan accounts suggests the bank of japan it likely intervened to support of theen. the boj reported on both of them at a drop of 7.5 ¥6 trillion and its current account today, much larger than the ¥2.1 trillion expected, suggesting an intervention of about five .5 true union took place the ministry of finance refrained from confirming that there was intervention after rapid appreciation took the yen to about 150 per dollar on monday. is our little weight on the muskets...
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Apr 24, 2024
04/24
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we have a bank of japan meeting starting tomorrow. the boj has pledged that they are putting a floor under the yen and it will be a priority for them. let's get to wayne gordon, managing director of commodities and fx at ubs global wealth management. i want to start on currencies today. we've seen traders pairing their bets over the past few days about fed easing. do you feel this is now becoming a 2025 story, when we get rate cuts from the fed? what is that going to me for u.s. persistent dollar strength? >> i think it's a data-dependent story. clearly the debtor -- data in the u.s. surprised us to the upside. i think they are looking forward. clearly there is evidence that it's inflation and it will moderate in the back end of the year. as we go into 2025, we started the year with a three to four rate cut view of the fed. we were pretty modest compared to some market expectations. as we move through the year, we have had to pair that back a little bit. we think that the most likelihood is to rate cuts. september and december targets
we have a bank of japan meeting starting tomorrow. the boj has pledged that they are putting a floor under the yen and it will be a priority for them. let's get to wayne gordon, managing director of commodities and fx at ubs global wealth management. i want to start on currencies today. we've seen traders pairing their bets over the past few days about fed easing. do you feel this is now becoming a 2025 story, when we get rate cuts from the fed? what is that going to me for u.s. persistent...
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Apr 26, 2024
04/24
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dollar since 1990 on the heels of the bank of japan's decision to hold interest rates.would continue its purchase of bonds in accordance with its previous guidelines. so that inflation will remain around or above target through 2026. i am showing now by senior research economist at aberdeen investments. top line, your take on what we will hear from the boj. the bloomberg economic seem suggesting this was a dovish old from the boj. >> i think going into this meeting there was an expectation of a more hawkish statement. in maybe those media leaks about change if purchases as well. in the wording around that was very vague. a bit nuanced. it was up removing the reference but around the levels that we announced in the last meeting. so, all in all, so far, we do need to look at the economic outlook on the projections. it was motivation in 2024, fiscal year 2024, which is quite notable. it was .4 percentage points to 2.8. year on year. and so, the more important part would be the fiscal year 2020 six, which is a new forecast. and there, coming in at 1.9%. that's probably just
dollar since 1990 on the heels of the bank of japan's decision to hold interest rates.would continue its purchase of bonds in accordance with its previous guidelines. so that inflation will remain around or above target through 2026. i am showing now by senior research economist at aberdeen investments. top line, your take on what we will hear from the boj. the bloomberg economic seem suggesting this was a dovish old from the boj. >> i think going into this meeting there was an...
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Apr 22, 2024
04/24
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the key this week is the bank of japan meeting. investors are questioning what sort of hikes we might get from the bank of japan this area. i said hikes. that's the case for the bank of japan. i want to take you to the bond market. this is showing you what is happening with the central bank commen comm commentary. the yield is 2.52. this is the sentiment in europe and actually, i want to share this stat with you. the spread between the ten-year bund and treasury hit 220.9 basis points last week. that was the highest we have seen since november of 2019. it is important to compare as we he see the divergence with the comments from the ecb and from the fed. when it comes to u.s. futures, they suggest it is a positive start on wall street today. this is slightly different from what we had seen at the end of last week when the majority of the wall street ended the week down. i would highlight the nasdaq which closed the week down 5.5%. a lot of focus on the tech sector. we saw re-pricing and positioning ahead of key earnings. we will he
the key this week is the bank of japan meeting. investors are questioning what sort of hikes we might get from the bank of japan this area. i said hikes. that's the case for the bank of japan. i want to take you to the bond market. this is showing you what is happening with the central bank commen comm commentary. the yield is 2.52. this is the sentiment in europe and actually, i want to share this stat with you. the spread between the ten-year bund and treasury hit 220.9 basis points last...
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Apr 10, 2024
04/24
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of japan.gs that has moved the dial in the past couple of weeks is the decision by the government to phase out its energy subsidies. it has led to firms raising their forecast for where they expect inflation to be. some as high as 3% for this year as a result of that subsidy impact being phased out. it shaved a percentage point off inflation. haslinda: paul jackson, thank you. the bot has been -- most analysts expect the boj to keep its benchmark steady for the third straight game. they have been pushing for a rate cut and there is reason for that. we are seeing inflation easing for consecutive months. >> yes. he has made a lot of big promises to boost thailand's economy, to lift growth over the next four years. that is a tall order given that taiwan has grown an average of below 2% for the last decades. so he has used up most of his physical firepower. one of the key strategies he set out to achieve in the short-term , he has been exerting relentless pressure to cut rates from 2.5% which he sa
of japan.gs that has moved the dial in the past couple of weeks is the decision by the government to phase out its energy subsidies. it has led to firms raising their forecast for where they expect inflation to be. some as high as 3% for this year as a result of that subsidy impact being phased out. it shaved a percentage point off inflation. haslinda: paul jackson, thank you. the bot has been -- most analysts expect the boj to keep its benchmark steady for the third straight game. they have...
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Apr 26, 2024
04/24
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the governor of the bank of japan said easing conditions will be maintained for the time being.e said the yen has not had a big effect on the underlining inflation, but acknowledged the impact of volatility on the economy saying it could be a thro reason to adjust policy in the future now policymakers are looking for a potential rate hike in the third quarter. >>> coming up on the show, it's a rejection for bhp. we will have the latest mining m&a after this break business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why comcast business powers more small businesses than anyone else. get started for $49.99 a month plus ask how to get up to an $800 prepaid card. don't wait- call today. >>> welcome back to "street signs. airbus reported a miss on the first quarter down 25% on the year at 577 million euro however, the plane maker is sticki
the governor of the bank of japan said easing conditions will be maintained for the time being.e said the yen has not had a big effect on the underlining inflation, but acknowledged the impact of volatility on the economy saying it could be a thro reason to adjust policy in the future now policymakers are looking for a potential rate hike in the third quarter. >>> coming up on the show, it's a rejection for bhp. we will have the latest mining m&a after this break business. it's not...
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Apr 23, 2024
04/24
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of japan coming up. talking about intervention being in the right place, what they are referring to is the meeting with janet yellen when she stood beside the finance ministers in south korea and japan. it was kind of a united front, telling the markets the united states might not get involved, but we are not going to stand in the way if the current companies want to support their currencies. the timing is just a question, whether it is going to come this week or if the bank of japan will do enough to strengthen the end by the end of the week. tom: really interesting, that conducive environment. talking to the u.s., a big week as we flagged around these treasury options. is there any since there is going to be any recalls in this? are they going to be well absorbed? what does the appetite look like for those options? >> it is difficult to see how this could run too smoothly. we are talking about $180 billion worth of treasuries, including today, the largest two-year auction that has ever happened yet 180
of japan coming up. talking about intervention being in the right place, what they are referring to is the meeting with janet yellen when she stood beside the finance ministers in south korea and japan. it was kind of a united front, telling the markets the united states might not get involved, but we are not going to stand in the way if the current companies want to support their currencies. the timing is just a question, whether it is going to come this week or if the bank of japan will do...
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Apr 25, 2024
04/24
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bank ofjapan make some noises finance, we are saying the bank of japan make some noises about how we much, but there's been no official action, and there's been this kind of balancing act i think. 0n the one hand japanese officials are keeping their heads down, saying, well, you know, the yen is weak but the trade numbers are improving because of that but at the same time we don't want the yen to go so far which might spook global marketing will create a double medic problem if you will.- will create a double medic problem if you will. what can the authorities _ problem if you will. what can the authorities do _ problem if you will. what can the authorities do about - problem if you will. what can the authorities do about it? | problem if you will. what can l the authorities do about it? we all know that when they intervene, the impact doesn't last very long and it's hugely expensive. i last very long and it's hugely “pensive-— expensive. i think one of the reasons why _ expensive. i think one of the reasons why you _ expensive. i think one of the reasons why you have - expensive. i
bank ofjapan make some noises finance, we are saying the bank of japan make some noises about how we much, but there's been no official action, and there's been this kind of balancing act i think. 0n the one hand japanese officials are keeping their heads down, saying, well, you know, the yen is weak but the trade numbers are improving because of that but at the same time we don't want the yen to go so far which might spook global marketing will create a double medic problem if you will.- will...
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Apr 29, 2024
04/24
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of japan.fed any more, it might turn its attention to the bank ofjapan. those are your top business stories. mps in the uk will soon start debate assisted dying for the first time in almost two years today, after a petition — backed by dame esther rantzen — secured more than 200,000 signatures. our correspondent graham satchell has the background. esther rantzen's daughter, rebecca wilcox, in downing street, delivering a petition with 200,000 signatures demanding a change in the law to allow assisted dying. dame esther has terminal lung cancer and wants the choice to have what she calls a dignified death. the peace it would give ourfamily and my mum to know that her future has a dignified, pain—free end, it's huge. i know i keep saying the word huge, but it's just so massive that it's beyond words. campaigners say any new law would have strict safeguards. assisted dying would only be available for mentally competent adults with a terminal illness and would require two doctors to confirm the per
of japan.fed any more, it might turn its attention to the bank ofjapan. those are your top business stories. mps in the uk will soon start debate assisted dying for the first time in almost two years today, after a petition — backed by dame esther rantzen — secured more than 200,000 signatures. our correspondent graham satchell has the background. esther rantzen's daughter, rebecca wilcox, in downing street, delivering a petition with 200,000 signatures demanding a change in the law to...
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Apr 21, 2024
04/24
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like central banks not in a hurry to cut interest rates, the bank of japan isn't in a hurry to hike. annabelle: on that point, needing to see more inflation, where it has come from in japan historically, or in recent years is more on the supply side, not the demand side. how much are you tracking, and this is across other economies but how much are you tracking oil prices and the risk that puts into the picture given escalating tensions in the middle east? diana: we have said in the past supply-side indicators are so important in determining inflation and growth outcome. we put together what you can call a pipeline inflation tracking, tracking things like commodity prices, pmi price surveys and shipping costs and storage costs around the world. those have stalled at the moment. that is why inflation has stopped falling around the world. for australia, we have seen those price indicators look better because in some forward-looking pmi surveys, price growth has come down. at this stage i think inflation is likely to stall is current -- at current levels until a further sloping in the s
like central banks not in a hurry to cut interest rates, the bank of japan isn't in a hurry to hike. annabelle: on that point, needing to see more inflation, where it has come from in japan historically, or in recent years is more on the supply side, not the demand side. how much are you tracking, and this is across other economies but how much are you tracking oil prices and the risk that puts into the picture given escalating tensions in the middle east? diana: we have said in the past...
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Apr 24, 2024
04/24
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don't expect the bank of japan to hike rates.hey are one of the few central banks in a tightening phase right now, not cutting rates. so, this is a big question. is the bank of japan going to address the sliding currency? does it complicate in any way their mission and, ultimately, what is that going to mean for the fed that also meets next week. sonali: talk about what intervention would mean, how would it happen and what would it mean for the markets? carter: we last saw that in fall of 2022. it was a bit of a different environment then. the u.s. was at the beginning of the monetary cycle, not where we are now, which is very much on hold, and a lot of folks out there are saying that intervention would be less successful from the japanese side then it was in 2022. sonali: carter, we have to leave it there. we will keep a close eye on that. still ahead, high expectations for meta-platform earnings and bill signed by biden including a potential tiktok and. it would significantly impact meta's business. the bill also includes eight
don't expect the bank of japan to hike rates.hey are one of the few central banks in a tightening phase right now, not cutting rates. so, this is a big question. is the bank of japan going to address the sliding currency? does it complicate in any way their mission and, ultimately, what is that going to mean for the fed that also meets next week. sonali: talk about what intervention would mean, how would it happen and what would it mean for the markets? carter: we last saw that in fall of 2022....
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Apr 26, 2024
04/24
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chairman powell, president biden or the bank of japan. at the moment the boj must be begging for a downside surprise on u.s. data. lisa: right now it seems that the only offramp they have. they've adopted' talking more about positive consumption and inflation which is still around 2% in the region which raises the question do they really care about the yen weakening or not. we try to have this attitude and annoy you that's very connected to who you are. >> is that where you're going with this? >> keep selling my japanese yen. dollar-yen, no idea where this show is going. equity futures more broadly let's get to the markets for you. equity futures positive by 0.7%. yields are lower down to basis points. coming up this hour we will chat -- catch up with stocks rebounding. alphabets blockbuster results and sarah wolf of morgan stanley. next week's big decision. we begin with our top story. stocks getting better-than-expected results from microsoft and alphabet. shifting focus to data with the readout 8:30 eastern time. christian joins us for
chairman powell, president biden or the bank of japan. at the moment the boj must be begging for a downside surprise on u.s. data. lisa: right now it seems that the only offramp they have. they've adopted' talking more about positive consumption and inflation which is still around 2% in the region which raises the question do they really care about the yen weakening or not. we try to have this attitude and annoy you that's very connected to who you are. >> is that where you're going with...
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Apr 30, 2024
04/24
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the bank of japan's guidance hasn't helped.e had soft data for march that underscores the bank of japan is being cautious. you can't have your cake and eat it too. if you're going to be dovish she will have a weak currency. if you want to really put a floor under your currency you will have to hike rates. at this point, i think that the bank of japan is gun shy. last time that they try to hike rates japan fell back into a recession, so i understand why they have been so cautious. there are so many moving parts i don't know if this policy path has been well thought out. lisa: a real question we have been asking all morning is the idea of, is this basically the u.s. exceptionalism running out of being exceptional and the rest of the world coming to the same place where growth is stronger and inflation is stickier? that means higher rates globally where central banks cannot lower rates nearly as much as many people expected? is that basically what you are looking at in this mishmash of foreign currency moves that have left us scra
the bank of japan's guidance hasn't helped.e had soft data for march that underscores the bank of japan is being cautious. you can't have your cake and eat it too. if you're going to be dovish she will have a weak currency. if you want to really put a floor under your currency you will have to hike rates. at this point, i think that the bank of japan is gun shy. last time that they try to hike rates japan fell back into a recession, so i understand why they have been so cautious. there are so...
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Apr 12, 2024
04/24
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so far, the bank of japan has been slow to increase interest rates.e game next week. certainly the risk of intervention becomes stronger. haslinda: you say they will intervene outside of asia. if you take a look at the --, what does that say about the timing? mark: one of the reasons why people are thinking that they would probably use the time zones in new york -- in europe or new york, they've done it before. it's been effective but it tends to be where the biggest short positions tend to be. the most active hedge funds tend to be in europe or the united states. they've built up large positions currently. they are holding big shorts against the end. we will see more momentum outside of asia as well. typically around the time of the u.s. data releases. our colleagues in tokyo built this model. one man is responsible for deciding when the japanese authorities go ahead. mr. yen these days in terms of minister of finance. he gave a little more clarity earlier this year when he talked about a 10 year movement. that one seems to be the move between early
so far, the bank of japan has been slow to increase interest rates.e game next week. certainly the risk of intervention becomes stronger. haslinda: you say they will intervene outside of asia. if you take a look at the --, what does that say about the timing? mark: one of the reasons why people are thinking that they would probably use the time zones in new york -- in europe or new york, they've done it before. it's been effective but it tends to be where the biggest short positions tend to be....
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Apr 11, 2024
04/24
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RUSSIA24
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of japan and its colleagues in the west.ope are trying to contain inflation, regulators there are raising the base rate, tokyo is having problems opposite, prices in the country have remained stagnant or decreased for many years, because of this they are in no hurry to invest in large purchases, which slows down economic growth, so the central bank of japan has kept the rate near zero for several years. at the end of the issue, let me remind you that the exchange rates for today are the dollar 93 rubles 21 kopecks, the euro 101.23, that’s all i have for now. the temple of the smolensk icon of the mother of god, it was built with diligence and effort, we are located in the area of the city of solidar, and here are some of the largest salt deposits, you were a special correspondent, and what are you in communications, and the homeland said, dubai, dubai ring, dubai ring, the terrain is very difficult, and working in such a landscape is a big challenge for signalmen, they continue to drive, they continue to drive over them,
of japan and its colleagues in the west.ope are trying to contain inflation, regulators there are raising the base rate, tokyo is having problems opposite, prices in the country have remained stagnant or decreased for many years, because of this they are in no hurry to invest in large purchases, which slows down economic growth, so the central bank of japan has kept the rate near zero for several years. at the end of the issue, let me remind you that the exchange rates for today are the dollar...
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Apr 14, 2024
04/24
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an example of price operating higher, hired import price, somewhat positive for bank of japan.ed higher import price to achieve 2% inflation and higher inflation could be negative for the japanese economy. investors are declining again. in this regard, reaction function of japanese authorities is probably quite different. we can expect japan weakness by hiking policy rates the yen keeps weakening. so in the second half of the year, and is more likely to trade at 145 or below. haidi: on the issue of intervention, jaw boning has kept it steady. how impactful is intervention when you see it fade quickly? >> any intervention will have temporary impact, but japan proceeded more aggressively and it is more likely to cut policy rates in july this year, so midterm is more supportive this year. for the next month, still they may need to step in to avoid weakness. but fundamental story will be more supportive for this year. combination of intervention and hawkish doj may be good supporting factor of japanese yen in the medium-term. haidi: you can hold for one moment because we want to me
an example of price operating higher, hired import price, somewhat positive for bank of japan.ed higher import price to achieve 2% inflation and higher inflation could be negative for the japanese economy. investors are declining again. in this regard, reaction function of japanese authorities is probably quite different. we can expect japan weakness by hiking policy rates the yen keeps weakening. so in the second half of the year, and is more likely to trade at 145 or below. haidi: on the...
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Apr 22, 2024
04/24
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in the background, the bank of japan as well. at the moment, most traders think the ecb will be more rate cuts this year than either the fed or the bank of england. which obviously puts the euro on the defensive. of course, so far nobody has moved apart from the bank of japan, but it's going to be hard for the european central bank to walk back expectations of june and we have hard christine lagarde -- heard christine lagarde suggest that is one the first interest-rate will be coming. we have heard more central bankers agreeing with her, mr. villeroy over the weekend saying that oil prices will not get in the way of the ecb lowering rates as well. it would need a lot for people to think that the ecb will not happen in june. but who comes next and how much of a time cap is there between them and a cut from the bank of england or the reserve? that's what traders are trying to gauge. for now, they are giving benefit of the doubt that the ecb won't be too far ahead of the others, but if we see that gap get wider, if the fed goes to t
in the background, the bank of japan as well. at the moment, most traders think the ecb will be more rate cuts this year than either the fed or the bank of england. which obviously puts the euro on the defensive. of course, so far nobody has moved apart from the bank of japan, but it's going to be hard for the european central bank to walk back expectations of june and we have hard christine lagarde -- heard christine lagarde suggest that is one the first interest-rate will be coming. we have...
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Apr 25, 2024
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from almost every policy since, it would be logical for the bank of japan to hike rates tomorrow.on't think they will because this is a politically fraught situation, very difficult and we know with the boj if they are likely to move probably would have seen some prepping in the market. i think the chances of a hike tomorrow are extremely small. i'm not expecting one but it would be sensible ultimately i think we will have to see the bank of japan preparing the markets for more hikes and i think we will get more hikes. the last couple of years it has been wonderful times, bearish the yen, a more difficult traded to be bearish at the end because as they get more serious about hiking, there will be volatility that doesn't mean you should be bullish the yen, it's a currency to be fundamentally bearish. economists -- an economy that needs to import almost all its commodities in a world where commodities are higher and higher by the week. haslinda: talk to us about your sx macro scorecard. what are you learning from that? mark: this is something i've been publishing for bloomberg the l
from almost every policy since, it would be logical for the bank of japan to hike rates tomorrow.on't think they will because this is a politically fraught situation, very difficult and we know with the boj if they are likely to move probably would have seen some prepping in the market. i think the chances of a hike tomorrow are extremely small. i'm not expecting one but it would be sensible ultimately i think we will have to see the bank of japan preparing the markets for more hikes and i...
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Apr 25, 2024
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we do of course have a bank of japan meeting starting today. do you expect any sort of bold policy, maybe even a rate increase from the boj to defend the yen? fan: we expect the boj to stay on hold in this meeting. however, we do expect the boj will likely address the market concerns about the currency, volatility. however, we think the boj will remain pretty prudent in normalizing monetary policy. but given the strong u.s. dollar, and this is mainly driven by the aggressive market pricing for slower and later fed rate cuts, so this actually creates room for the boj to raise interest rates earlier. currently, we expect the boj will likely deliver another rate hike in the third quarter of this year. we anticipate a potential 15 bip rate hike in q3, given the continued strength in the u.s. dollar and this drives the yen to hit more than 30 year lows. so, with this goal for the boj to further adjust interest rates, we also project two more interest rate hikes in japan going into 2025. we expect one hike in q1 next year and another hike in q3 next
we do of course have a bank of japan meeting starting today. do you expect any sort of bold policy, maybe even a rate increase from the boj to defend the yen? fan: we expect the boj to stay on hold in this meeting. however, we do expect the boj will likely address the market concerns about the currency, volatility. however, we think the boj will remain pretty prudent in normalizing monetary policy. but given the strong u.s. dollar, and this is mainly driven by the aggressive market pricing for...
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Apr 1, 2024
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it's not set in stone but just a level the traders are watching and of course bank of japan and ministere in japan is watching. once it gets through, there can be some time of nervous reaction, and it then can move quickly. if that happens, if the move is quick, then they can step in. they are very aware they don't want to make an impression they're targeting a certain level is what they say but if the move is fast, which can happen as soon as tomorrow and tuesday in the u.s. they have new data about economy in the u.s. if it's getting hotter or not, how many cuts. so then we have another report of inflation next week, so for the several days going ahead, it will be a nail-biter. haidi: intervention has to be futile if you're looking at the long term impact. [anya: yes, that's another big thing for the bank of japan, for their reserves, for the minister of finance to decide to intervene, they need to be sure that this would bring a certain result because it is, as you said, futile for the market and maybe they'll decide to wait for this nervous reaction when the yen would get weaker for
it's not set in stone but just a level the traders are watching and of course bank of japan and ministere in japan is watching. once it gets through, there can be some time of nervous reaction, and it then can move quickly. if that happens, if the move is quick, then they can step in. they are very aware they don't want to make an impression they're targeting a certain level is what they say but if the move is fast, which can happen as soon as tomorrow and tuesday in the u.s. they have new data...
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Apr 29, 2024
04/24
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the central bank of japan did nothing.diately rebounded and the market started talking about a possible intervention, which the authorities simply did not announce. former argentine president cristina kirchner. criticized current leader havir milei for his restrictive economic policies. she questioned the effectiveness of the so-called measures in their favor for the economy. the government recently announced that in record time reached a budget surplus. kirchner, using simple, understandable examples from households, explained how it was possible to draw such statistics. when i hear him, for example, rejoice at the government surplus in the first quarter and so on. similar, it turns out that you haven’t paid for energy, for public infrastructure, you haven’t paid what you should transfer to the regions, universities, it’s like being in your own home after not paying for electricity, gas, water , expenses, rent wages, housekeepers, nannies, say: “oh, i have a surplus, brother, you don’t have a surplus, that’s not true.” eu
the central bank of japan did nothing.diately rebounded and the market started talking about a possible intervention, which the authorities simply did not announce. former argentine president cristina kirchner. criticized current leader havir milei for his restrictive economic policies. she questioned the effectiveness of the so-called measures in their favor for the economy. the government recently announced that in record time reached a budget surplus. kirchner, using simple, understandable...
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Apr 23, 2024
04/24
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bank of japan will focus on weakening the yen.ere at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a process -- profit beat. apple posting gains which was surprising. china iphone sales dropping 20% according to research. china losing advantage in the market. paul: big focus on texas instruments, but the big move for tesla, an earnings report traders wanted. paul: let's get more and bring in peter. we were building up to a horrible quarter but shares are searching. analysts like what they heard. peter: what analysts were looking for was forward-looking comments around strategy and he said what they wanted to hear, accelerating new models inclu
bank of japan will focus on weakening the yen.ere at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a...
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Apr 10, 2024
04/24
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the previous historical record achieved in the economy the bank of japan has negative interest rates decided for the first time in 17 years on a rate hike outperforming inflation. aggressive capitol expenditures. mobility transcending organizational borders reshuffling of corporate portfolio and corporate governance reform will all be facilitated to promote the flow of the people, goods and medic during our policy to take the economy to a new phase. turning our focus to the economic relationship between our two countries last year's to the united states surpassed seven hundred $50 billion making japan the largest investor to the united states for four consecutive years since 2019. japanese businesses operate in more than 8500 locations around the united states creating close to 1 million jobs. the theme for today's roundtable is cooperation critical technology. in such areas of innovation, clean energy economy and supply chain and on such technology as semiconductors, ai, quantum computing it is increasingly important for our two countries to build resilience and our economies and to
the previous historical record achieved in the economy the bank of japan has negative interest rates decided for the first time in 17 years on a rate hike outperforming inflation. aggressive capitol expenditures. mobility transcending organizational borders reshuffling of corporate portfolio and corporate governance reform will all be facilitated to promote the flow of the people, goods and medic during our policy to take the economy to a new phase. turning our focus to the economic...
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Apr 19, 2024
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the previous historical record achieved, the bank of japan had negative interest rate and decided for the first time in 17 years on a rate hike outperforming inflation. aggressive capital expenditure in green and digital. the ability to transcend organizational orders, labor market reform, reshuffling of corporate portfolio and corporate governance reform. will all be facilitated for goods and money, policy to take the economy to a new stage. >> translator: turning our focus to the economic relationship between our countries, last year, japan, $750 billion making japan the largest investor for four consecutive years since 1919. japanese businesses operate in 8,500 locations around the united states creating close to 1 million jobs. the theme for today's roundtable's cooperation in innovative technology. in such areas as innovation clean energy is and supply chains and such technologies as semiconductors, ai, quantum computing and biotech, it's increasingly important for our two countries to do resilience in our economy is and together drive growth for the global economy. in the semico
the previous historical record achieved, the bank of japan had negative interest rate and decided for the first time in 17 years on a rate hike outperforming inflation. aggressive capital expenditure in green and digital. the ability to transcend organizational orders, labor market reform, reshuffling of corporate portfolio and corporate governance reform. will all be facilitated for goods and money, policy to take the economy to a new stage. >> translator: turning our focus to the...
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Apr 18, 2024
04/24
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dollar affected by the flip side, bank of japan next week, a big one.nsus and the pole is bank of japan will not change interest rates. risk of surprise because the governor has repeated that the yen plays into the inflation picture in japan and is too weak. he might want to respond and show he is on top of that as well. tom: valuable analysis mark. thank you very much indeed. going back to corporate earnings, tsmc reporting a beat on first quarter net income and a profit rise. the first in a year. but spring in bloomberg intelligence analyst. robert is standing by in hong kong. what stands out to you? robert: thank you for the intro. you have run a numbers so basically a decent beat at the income level, 1% operating level. that will give them market encouragement, returning to growth after a difficult 2023. however there are potential? so on the horizon. viewers wonder the weakness apple is seeing within china. apple accounts for 20 or 25% of revenue. from an asian perspective we saw asml results. intake was weak, no impact on tsmc but it raises a ques
dollar affected by the flip side, bank of japan next week, a big one.nsus and the pole is bank of japan will not change interest rates. risk of surprise because the governor has repeated that the yen plays into the inflation picture in japan and is too weak. he might want to respond and show he is on top of that as well. tom: valuable analysis mark. thank you very much indeed. going back to corporate earnings, tsmc reporting a beat on first quarter net income and a profit rise. the first in a...
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Apr 2, 2024
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we might see intervention from the bank of japan, but do not expect a massive move in terms of the yen strengthening given the yield differential between u.s. and japan is questionable as markets priced out rate cuts by the fed and we do not think the bank of japan will go to far in terms of rate hikes after moving away from the negative interest rate policy. haidi: for china part of that good news is bad news narrative has been, the bottoming out of the slowdown has taken place. does that mean you're more strategic on chinese assets and how would you play that? kerry: when it comes to the broader asian region we prefer markets outside china at the moment. pmi numbers overnight, the resumption of the manufacturing cycle, a pickup in orders and the ratio is favorable. that should feed into the supply chain sensitive parts like korea, singapore, taiwan. outside of those markets and china, valuations are compelling when it comes to china. actions by the government and policymakers to find a flaw in the economy and market to provide stability, but there are question marks around how strong
we might see intervention from the bank of japan, but do not expect a massive move in terms of the yen strengthening given the yield differential between u.s. and japan is questionable as markets priced out rate cuts by the fed and we do not think the bank of japan will go to far in terms of rate hikes after moving away from the negative interest rate policy. haidi: for china part of that good news is bad news narrative has been, the bottoming out of the slowdown has taken place. does that mean...
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Apr 10, 2024
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if we see more momentum from the bank of japan, the yen starts strengthening, going into earnings season, guidance from japanese companies could be conservative. we are seeing the fund flows going back into china. annabelle: citibank saying nikkei 225 could have lost momentum given risks you addressed from strengthening yen. if we see revision in inflation forecasts. this is the outlook for japanese equities, pretty much flat, weakness coming through, not tracking those moves on wall street. we saw a late day rebound for u.s. equities. priced to perfection, any surprises out of the u.s. or geopolitical risks could really dent traders risk appetite ahead of the earnings season. that is the state of play for japanese equities, tracking the yen, 152 is the line for intervention but when we reach that point depends on the u.s. inflation print. stickier or hotter than expected. as we said, korea is shut, but australia is just starting to trade. haidi: staggered start to trading, 1/10 of 1% upside. watching big miners as we see commodities getting that lift. iron ore as well, that supportive r
if we see more momentum from the bank of japan, the yen starts strengthening, going into earnings season, guidance from japanese companies could be conservative. we are seeing the fund flows going back into china. annabelle: citibank saying nikkei 225 could have lost momentum given risks you addressed from strengthening yen. if we see revision in inflation forecasts. this is the outlook for japanese equities, pretty much flat, weakness coming through, not tracking those moves on wall street. we...
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Apr 8, 2024
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bank of japan's next rate hike is in focus as governor ueda begins his second year in charge.to roderigo from australian bank. i want to talk about the yen. we've seen lack of urgency from the fed about rate cuts that we have been anticipating, expectations get wound back. stronger u.s. dollar. where do you see an intervention happening? roderigo: what happens to the cpi print and the ppi will be important, because that will determine whether we push out expectations even further. and we see yields trading higher. we are close to 450. there is plenty of room to keep going and there is massive pressure to keep rising. if anything for the governor, the currency it challenge has become part of the question. from a fundamental basis, the yen is cheap. if you continue see yields trading higher, that becomes a bigger challenge and intervention becomes a bigger question and more likely. our sense is the market's underpricing with the boj is likely to do but if you see dollar-yen above 152, it makes the april meeting very alive and may force the hand of the boj. paul: so far in one ca
bank of japan's next rate hike is in focus as governor ueda begins his second year in charge.to roderigo from australian bank. i want to talk about the yen. we've seen lack of urgency from the fed about rate cuts that we have been anticipating, expectations get wound back. stronger u.s. dollar. where do you see an intervention happening? roderigo: what happens to the cpi print and the ppi will be important, because that will determine whether we push out expectations even further. and we see...
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Apr 16, 2024
04/24
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of course we've got bank of japan meeting next week, which is now becoming a lot more interesting thans just a few days ago. governor ueda from the bank of japan has said that the yen feeds into inflationary expectations and japan. that was not something said by previous boj governors, the yen is on his radar. the minister of finance has been quiet today, hasn't said too much about it. maybe there is a pat coming up between the two of them. traders are not being bought off. some talking about 160 in dollar-yen. one thing for sure. foreign exchange markets are alive and kicking, and that's where the action is today. tom: they certainly are. on the story of the yen, is it the expectation -- you touched on the view of getting to 160, some say 170. is this you simply that the intervention will not work at this point? market: they have a bit of a problem. it's not to say the intervention wouldn't work, but it's how far would he go because the big difference, october 9, 2022 was the last time the japanese successfully intervened to strengthen the yen. they had it in their favor at that time.
of course we've got bank of japan meeting next week, which is now becoming a lot more interesting thans just a few days ago. governor ueda from the bank of japan has said that the yen feeds into inflationary expectations and japan. that was not something said by previous boj governors, the yen is on his radar. the minister of finance has been quiet today, hasn't said too much about it. maybe there is a pat coming up between the two of them. traders are not being bought off. some talking about...
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Apr 11, 2024
04/24
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we see the second small hike in japan. paul: so the bank of japan certainly taking this slowly.n the intervention side, do you feel it is effective? is it worthwhile? particularly when you are fighting against forces like u.s. cpi and the fed constantly moving the goalpost in terms of its rate policy. grace: yeah. you are right. especially the interest rate differentials. that's the driving force of the weaker yen. so i think for now, they are trying to talk. in terms of real extensions, we are not sure. i think markets are clearly skeptical about whether they do interventions. whether they could have more long-lasting events or whether it is short-lived and we raise the intervention. i think at the end of the day, it's whether they can have a smaller or narrower cap in terms of the interest rate differentials. but actually lights on whether the boj would have their next move pretty soon. paul: we have another central bank meeting happening today, later on when europe wakes up. do you expect the plan to have changed at all for the ecb after what we heard out of the u.s. today? g
we see the second small hike in japan. paul: so the bank of japan certainly taking this slowly.n the intervention side, do you feel it is effective? is it worthwhile? particularly when you are fighting against forces like u.s. cpi and the fed constantly moving the goalpost in terms of its rate policy. grace: yeah. you are right. especially the interest rate differentials. that's the driving force of the weaker yen. so i think for now, they are trying to talk. in terms of real extensions, we are...
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Apr 18, 2024
04/24
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this just underscores perhaps the willingness of the bank of japan to continue to wait.s of them being in a hurry. the japanese finance minister in the meanwhile, who we hear from about every morning on the yen, says it is the breakup with the u.s. it is one of the many factors weighing on the japanese currency which is still hovering at about 34 year low against the dollar. >> i don't believe that the rate difference alone is setting the current level. the level of exchange rates is not only determined the interest -- difference in interest rates but also economic conditions, market sentiment, and speculative moves. haidi: let's bring in michael wilson. it has been a perfect storm in a lot of ways because we have seen some haven demand not playing out the way we would even with escalating middle east tensions. so there is not much policymakers can say or do at the moment. michael: i agree. i tried something this week in that trilateral combination between yellen and the head of korea and japan. it was like a collective thing, to try and introduce the coordinated interve
this just underscores perhaps the willingness of the bank of japan to continue to wait.s of them being in a hurry. the japanese finance minister in the meanwhile, who we hear from about every morning on the yen, says it is the breakup with the u.s. it is one of the many factors weighing on the japanese currency which is still hovering at about 34 year low against the dollar. >> i don't believe that the rate difference alone is setting the current level. the level of exchange rates is not...
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Apr 26, 2024
04/24
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bank of japan's decision to hold interest rates near zero.al bank to tighten its policy and prop up the struggling currency. let's talk now to joe tuckey, head of fx analysis. thank you forjoining us. explain why is the yen in this situation. it is a continuation of this policy we've seen for so many months now, and... we didn't expect them to raise the bank rate today, but it was the policy statement from the leader showing no indication to tweak policy. we are seeing a continuation of these your yields currencies getting sold in favour of higher yielding ones. what currencies getting sold in favour of higher yielding ones.— higher yielding ones. what is the rationale? they _ higher yielding ones. what is the rationale? they have _ higher yielding ones. what is the rationale? they have a _ higher yielding ones. what is the rationale? they have a huge - higher yielding ones. what is the | rationale? they have a huge debt higher yielding ones. what is the i rationale? they have a huge debt to gdp problem. _ rationale? they have a huge debt to
bank of japan's decision to hold interest rates near zero.al bank to tighten its policy and prop up the struggling currency. let's talk now to joe tuckey, head of fx analysis. thank you forjoining us. explain why is the yen in this situation. it is a continuation of this policy we've seen for so many months now, and... we didn't expect them to raise the bank rate today, but it was the policy statement from the leader showing no indication to tweak policy. we are seeing a continuation of these...
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Apr 26, 2024
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the bank of japan is likely to make any revision in its inflation forecast. our next guest thinks the number will be above 2% for the next three years. why? >> thank you for having me. to the point on the possibility of boj revising its inflation forecast the next three years, i think it's likely the boj will put an inflation anchor around 2% given we are seeing more evidence of this virtuous cycle forming in japan. by putting inflation forecasts at a higher level compared to the previous outlook, it perhaps gives the market a signal that the boj is gathering more evidence and getting more confident and comfortable about japan's inflationary trajectory. haslinda: the thing is, it is not likely to be comfortable with the inflation print out of tokyo today, right? >> i think we have to put this in a broader scope. the japan economy has been de-anchoring from the deflationary impulse the past few quarters and now is on the path to increase inflation in a new print. the boj governor has been mentioning that the boj is not adopting a data dependent approach in ter
the bank of japan is likely to make any revision in its inflation forecast. our next guest thinks the number will be above 2% for the next three years. why? >> thank you for having me. to the point on the possibility of boj revising its inflation forecast the next three years, i think it's likely the boj will put an inflation anchor around 2% given we are seeing more evidence of this virtuous cycle forming in japan. by putting inflation forecasts at a higher level compared to the previous...
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Apr 25, 2024
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CNBC
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the bank of japan kicks off the two-day policy meeting today >>> investors get ready for the busy dayk at futures here they are in the red. the dow is hitting the low of the morning. it would open up 150 points lower at the open. nasdaq futures are dragged down by the stock of the morning which is meta. it is showing revenue guidance miss and a lot of concerns with the growth of a.i. driven expenses mark zuckerberg telling analysts on the call that he is not concerned with monetization. meta is set to wipe out millions at open. we have jenny harrington here with us. meta is the stock story of the morning. what do you think of the results and mark zuckerberg's comments which brought the stock lower and the mag seven trade? >> i think we are seeing reconciliation and reckoning the numbers were fantastic the problem is the story which is mark getting real we need to spend i have been wondering the last quarter with everyone was talking about a.i. was mentioned. i'm exaggerating here. the more time the company was able to mention a.i. in the conference call, the more the stock went up. i
the bank of japan kicks off the two-day policy meeting today >>> investors get ready for the busy dayk at futures here they are in the red. the dow is hitting the low of the morning. it would open up 150 points lower at the open. nasdaq futures are dragged down by the stock of the morning which is meta. it is showing revenue guidance miss and a lot of concerns with the growth of a.i. driven expenses mark zuckerberg telling analysts on the call that he is not concerned with...
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Apr 11, 2024
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[laughter] haidi: haidi: and also, does that push back mean we are getting directions from the bank of japan for intervention? maybe they just sit back a couple more sessions and see whether it starts to fade, rather than acting on the immediacy of the moment. but it those comments from the ministry are very firm. we are waiting to see what is next after 153. annabelle: that's right. just recapping some of the lines coming through from japan's top currency official. he is saying authorities will be considering other options for the fx market and they are ready to respond to any event coming through. that has been the big driver, one of the big moves to note. overnight we had the big spike in treasuries. certainly putting dollar strength into the story and putting pressure on a lot of asian currencies. the japanese yen is a true standout. we had seen the weak in helping some of japan's exporters of late. . today though, that story is not translating. you're seeing them move in the wall street session, weakness in the s&p 500, closing down 1%. the nasdaq dropping, in turn, you see that r
[laughter] haidi: haidi: and also, does that push back mean we are getting directions from the bank of japan for intervention? maybe they just sit back a couple more sessions and see whether it starts to fade, rather than acting on the immediacy of the moment. but it those comments from the ministry are very firm. we are waiting to see what is next after 153. annabelle: that's right. just recapping some of the lines coming through from japan's top currency official. he is saying authorities...
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Apr 11, 2024
04/24
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an interesting thing is to watch and be where the bank of japan has to start intervening. i think they intervened about four times in wendy 22. if you see dollar-yen cross about 155, i think just over the last few weeks, we saw the boj remove interest-rate policy and yield curve control. i don't think the -- i don't think they were thinking the yen would drop. again, the bank of japan after coming out of one of the most unorthodox times, the challenge, but one key thing to watch, that 10-year gtb yield, i think it's close to 1.5. you can start to see that repatriation of capital and that global carry trade being a source of volatility, which could also put up pressure on yields in the u.s. and australia to a lesser extent. >> do you want any exposure directly or indirectly at the moment? >> it's an interesting one because it's probably one of the most shorted markets. manufacturing data started to improve, so you have seen more evidence that you could get q1 growth hitting targets without property market recovery. for us to invest, we would -- we would need to see a lot mo
an interesting thing is to watch and be where the bank of japan has to start intervening. i think they intervened about four times in wendy 22. if you see dollar-yen cross about 155, i think just over the last few weeks, we saw the boj remove interest-rate policy and yield curve control. i don't think the -- i don't think they were thinking the yen would drop. again, the bank of japan after coming out of one of the most unorthodox times, the challenge, but one key thing to watch, that 10-year...
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Apr 18, 2024
04/24
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some felt now the bank of england _ than japan. some felt now the bank of england may - than japan. england may not - than japan. some felt now the bank of england may not cut l bank of england may not cut interest rates before the summer. may not cut interest rates before an election. they think that is the right thing to do, do you back then? {iii to do, do you back then? of course i _ to do, do you back then? of course i do. it is what we have an independent bank of england. they have to make a judgement. what is interesting is that the budget, the idea that would hit our inflation target a year earlier than they thought. commentators think we may still hit the bank of england target in the next couple of months. what that says is the very difficult decisions we took when inflation was over 11% have borne fruit. we need to stick with that approach which is clearly working.— is clearly working. mobile broadband _ is clearly working. mobile broadband prices - is clearly working. mobile broadband prices are - is clearly working. mobile | broadband prices are going is clearly working
some felt now the bank of england _ than japan. some felt now the bank of england may - than japan. england may not - than japan. some felt now the bank of england may not cut l bank of england may not cut interest rates before the summer. may not cut interest rates before an election. they think that is the right thing to do, do you back then? {iii to do, do you back then? of course i _ to do, do you back then? of course i do. it is what we have an independent bank of england. they have to...
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Apr 2, 2024
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certainly, ministry of finance, the bank of japan, have proved before that they are good at taken the market off guard. paul: they are good at administering the medicine, but how enduring is the medicine likely to be? especially if we keep getting data out of the u.s. giving us upside rises. -- surprises. mark: it certainly makes it more difficult for japan. because as you say, now that people are increasingly looking for fewer interest rate cuts in the united states. it may be two interest rate cuts get priced into the market for the rest of the year which is positive for the u.s. dollar. it does not help the japanese yen at all. the japanese authorities have shown they can be coming in very big sized. they can be very persuasive. they will be thinking they can move dollar-yen by at least 500 pips. if it is 152, not get down to something like 147, or somewhere in that kind of zone. they will not be looking for a small move. they will be looking for something significant where they can persuade the market on top of the situation. the timing of it will be crucial. they will be paired t
certainly, ministry of finance, the bank of japan, have proved before that they are good at taken the market off guard. paul: they are good at administering the medicine, but how enduring is the medicine likely to be? especially if we keep getting data out of the u.s. giving us upside rises. -- surprises. mark: it certainly makes it more difficult for japan. because as you say, now that people are increasingly looking for fewer interest rate cuts in the united states. it may be two interest...
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Apr 16, 2024
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but at the end of the day, melissa, i think it's important to realize that even if the bank of japancome in, the intervention rarely is lasting in the market. unless it's coordinated. and we've seen this time and time again. so, i think, you know, it's going to be a futile effort on their part. i think we're going to see a situation where even if they intervene, dollar-yen is going to fall, but a lot of buyers come back into the markets. >> kathy, great to see you. carter here has some charts on jpy. >> yeah, let's look at it. two charts, and they're identical, with different lines. the first one, what you'll see here, we moved above -- this is going back to 1970. we've finally moved above that downtrend line, which is, of course, weakness in the yen. and ultimately, let's draw lines a different way, i think we're headed to 175. now, obviously the question is, do they intervene before that or is intervention even effective? we shall see, but my hunch is, there's more to come of what we've seen of late. >> 175. tim, what does that do to your calculus in terms of investing there? >> we
but at the end of the day, melissa, i think it's important to realize that even if the bank of japancome in, the intervention rarely is lasting in the market. unless it's coordinated. and we've seen this time and time again. so, i think, you know, it's going to be a futile effort on their part. i think we're going to see a situation where even if they intervene, dollar-yen is going to fall, but a lot of buyers come back into the markets. >> kathy, great to see you. carter here has some...
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Apr 27, 2024
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the fall accelerated after the bank of japan's decision in march.ative rate for the first time in many years. participants. do not rule out imminent foreign exchange interventions by the japanese central bank. in the twenty-second year they resorted to them three times, then to stabilize the exchange rate spent more than $60 billion. it was economic news. short. democracy, openness. in general, in a word, perestroika. these guests came in, came out and talked between themselves. nevermind, but they tell us something that everyone is equal? the speed with which this reorganization occurred showed that it was soviet. whoever the scammers pretend to be in order to extract money from you, hang up the phone without talking, it’s easy to get confused in the facts when you see only part of the overall picture, in pursuit of views they change entire locations, it’s easy make a deepfake. now a shot from the presidential press service. dear colleagues, good afternoon. i propose, as agreed, to discuss today the current state of affairs in the russian economy,
the fall accelerated after the bank of japan's decision in march.ative rate for the first time in many years. participants. do not rule out imminent foreign exchange interventions by the japanese central bank. in the twenty-second year they resorted to them three times, then to stabilize the exchange rate spent more than $60 billion. it was economic news. short. democracy, openness. in general, in a word, perestroika. these guests came in, came out and talked between themselves. nevermind, but...
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Apr 11, 2024
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of japan and its colleagues in the west.hey are trying to contain inflation; regulators there are raising the base rate. tokyo has the exact opposite problem. soon. the season for changing car tires begins in central russia. in just one month , sales of summer tires increased fivefold. should we expect a shortage, what is happening with the supply and who replaced the departed western brands. alexey fedorov will talk about this in detail. with the beginning of spring in russia , the demand for summer tires has soared and there is something to cover it. on store shelves instead of departed brands - than a year ago, this is attributed to the increase in production within the country, immediately by one and a half times, to 4 million tires. the most purchased tires in russia are size 185; there are plenty of them on the market, from the most budget to premium ones, while only rare categories of tires are in short supply - these are low-profile with a large diameter, these are what sports cars cost their dollars. extremely small
of japan and its colleagues in the west.hey are trying to contain inflation; regulators there are raising the base rate. tokyo has the exact opposite problem. soon. the season for changing car tires begins in central russia. in just one month , sales of summer tires increased fivefold. should we expect a shortage, what is happening with the supply and who replaced the departed western brands. alexey fedorov will talk about this in detail. with the beginning of spring in russia , the demand for...
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Apr 29, 2024
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is it possible to estimate how much firepower the ministry of finance and bank of japan have left for future interventions? >> i think intervention is quit possible. what was surprising to us is actually security holdings. the quantity they can use is quit significant. we did not hear anything about the prez actually yesterday. this could be about an intervention market. >> it is interesting that in the sessions leading up, a big topic was the timing of intervention. there was dispossessed -- this idea they were trying to pick the right time. is it the right strategy to try to run the five given we are expecting a hawkish pivot? >> yes," that is the question. any intervention will be offset by dovish communication. this is during the asian time zone yesterday. timing wise, this intervention was relatively good but surely it all depends on how they communicate. u.s. data events are still why significant. this year, the market price is only four times the rate cut. this is somewhat more hawkish than previous comments. it could be limited. next week, much stronger. they may need to inter
is it possible to estimate how much firepower the ministry of finance and bank of japan have left for future interventions? >> i think intervention is quit possible. what was surprising to us is actually security holdings. the quantity they can use is quit significant. we did not hear anything about the prez actually yesterday. this could be about an intervention market. >> it is interesting that in the sessions leading up, a big topic was the timing of intervention. there was...
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Apr 25, 2024
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i'm not sure how that's the bank of japan -- i'm not sure that's how the bank of japan thinks.ld where this is out of control. 170 is literally having broken 150. plywood and we go 20 figures higher because i've seen it half a dozen times in my career. lisa: one of the biggest surprises has been the dollar strength. a lot of people were expecting dollar weakness. at what point does it become concerning or stifling in growth economically on a global level if we see the strength continue in the dollar? kit: i think it becomes a concern when it hurts the u.s. economy, for sure. when the u.s. thinks inflation is back under control and they don't feel the need to be fighting inflation. a rate cutting federal reserve would be happy to see a weaker dollar. if it causes disorderly moves elsewhere, it causes a problem. we had a really big dollar rally through the 1990's and the great moderation. as the fed raised rates, cut rates and then raised them again. we had the crisis blowing up a lot of things along the way. that caused a really big problem. that dollar was not the strongest. th
i'm not sure how that's the bank of japan -- i'm not sure that's how the bank of japan thinks.ld where this is out of control. 170 is literally having broken 150. plywood and we go 20 figures higher because i've seen it half a dozen times in my career. lisa: one of the biggest surprises has been the dollar strength. a lot of people were expecting dollar weakness. at what point does it become concerning or stifling in growth economically on a global level if we see the strength continue in the...
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Apr 26, 2024
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. >>> the bank of japan keeping rates unchanged. this comes after flainflation in tokyo came in lower than expected the bank of japan will continue buying bonds at same pace as previous months. >>> coming up, more tech movers and dividends announced by companies that have never done it before. phet and microsoft make those moves. we'll show you those next. we're coming right back. [sfx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row. [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] you've got xfinity wifi at home. take it on the go with xfinity mobile. customers now get exclusive access to wifi speed up to a gig in millions of locations. plus, buy one unlimited line and get one free. that's li
. >>> the bank of japan keeping rates unchanged. this comes after flainflation in tokyo came in lower than expected the bank of japan will continue buying bonds at same pace as previous months. >>> coming up, more tech movers and dividends announced by companies that have never done it before. phet and microsoft make those moves. we'll show you those next. we're coming right back. [sfx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really...
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Apr 9, 2024
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lots of suspicion the closest you get to 152 the likely it is the bank of japan steps in. over the last few days, really small moves. there is this idea that the boj will step in. i think the inflation numbers tomorrow will be important for the bank of japan as to what they can do. if you get the hot cpi print, they have a bigger problem. lisa: they have to deal at that from the monetary standpoint. they can't support it with some fiscal response. that is the reason why people are looking to cpi before they make anything significant in terms of moves. jonathan: our top stories look like this. treasury secretary janet yellen wrapping up for days of talks with her chinese counterpart, threatening sanctions for any chinese bank that aids russia's war machine. that comes as sergei lavrov arrives in beijing. i imagine that was a message for him as much as them. annmarie: we have seen the u.s. talk about this, but this was more of a direct message from the treasury secretary what this could mean. but we heard from mohamed el-erian in the last hour talking about the fact that san
lots of suspicion the closest you get to 152 the likely it is the bank of japan steps in. over the last few days, really small moves. there is this idea that the boj will step in. i think the inflation numbers tomorrow will be important for the bank of japan as to what they can do. if you get the hot cpi print, they have a bigger problem. lisa: they have to deal at that from the monetary standpoint. they can't support it with some fiscal response. that is the reason why people are looking to...