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Mar 19, 2024
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talking just bank reserves sitting in the account of the bank of japan, rolling it over.ing, so they are in the market. so far they are earning money on loans. on the bank account in the central bank, with positive interest rates, they will earn less. much less but government conditions are getting tighter. financing will be: more expensive and the bank of japan wants the economy to grow. tom: interesting updates coming through. i will bring this to you right now, the governors saying it is important to keep conditions accommodative and the pace depends on the economy. markets will decide long-term yields. also saying they want to involve cutting in the future. the governors saying they can avoid rapid increases based on the outlook. your take? i would like to fold in your view on the japanese consumer, because data suggest the consumer is looking soft. martin: consumption look softer. this is supported, but there are many older people in japan on fixed incomes still struggling with inflation, boers incomes. men this is improving, it will be helpful from the consumer side
talking just bank reserves sitting in the account of the bank of japan, rolling it over.ing, so they are in the market. so far they are earning money on loans. on the bank account in the central bank, with positive interest rates, they will earn less. much less but government conditions are getting tighter. financing will be: more expensive and the bank of japan wants the economy to grow. tom: interesting updates coming through. i will bring this to you right now, the governors saying it is...
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Mar 22, 2024
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one being the bank of japan.i we went through pointing in the right direction showing the acceleration. that is going to keep investors comfortable with the dovish positioning after the lift up we had from the boj. if the data continues to go in this direction, maybe we will see an encore from the bank of japan later this year. annabelle: are we one and done or will there be more hikes coming from the governor?
one being the bank of japan.i we went through pointing in the right direction showing the acceleration. that is going to keep investors comfortable with the dovish positioning after the lift up we had from the boj. if the data continues to go in this direction, maybe we will see an encore from the bank of japan later this year. annabelle: are we one and done or will there be more hikes coming from the governor?
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Mar 18, 2024
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bank of japan watchers think it will happen tomorrow.ngs the bank of japan will raise interest rates. he think they will scrap yield curve control. these are the short positions building and it again despite expectations you look at the rate increase and the fed is a big factor in that particularly if they revive forecast in terms of dot plots from 3 to 2 fewer cuts coming from the fed, higher for longer. pressure on the yen even as the bank of japan looks to raise interest rates. here is the expectation around the federal reserve. you have gone from 107, expectations you might get seven cuts to expectations you will get fewer than three. it is a provision some fed forecast that ties into the bank of japan. let's have a look at the 10 year, because treasury markets are reacting to these expectations, stickier inflation data out of the u.s. and commentary on fed officials and markets and treasure is reacting with the selloff last week particularly on 2 and 10, and you saw a 20 basis point moves. money moving out on expectations you will g
bank of japan watchers think it will happen tomorrow.ngs the bank of japan will raise interest rates. he think they will scrap yield curve control. these are the short positions building and it again despite expectations you look at the rate increase and the fed is a big factor in that particularly if they revive forecast in terms of dot plots from 3 to 2 fewer cuts coming from the fed, higher for longer. pressure on the yen even as the bank of japan looks to raise interest rates. here is the...
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Mar 6, 2024
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of japan can tighten policy and we think the bank of japan will likely have the policy in april ratherh partly because the bank of japan will be able to get some more data between march and april so things like the first quarter survey and the regular economic data and also the bank of japan will also update projections in the april meetings so a positive outlook will be able to lay the foundation for rate adjustment. >> where do you see fair value for the yen in the case of where the boj does pull the trigger? downside target is around 14 six for cba? -- 146 for cba? carol: that's right. we think the dollar-yen exchange rate is fairly valued given the very positive interest rate differentials between the u.s. and japan and also the global equity market performance. so unlike some boj officials, dollar-yen is in line with its fundamentals. however, if the bank of japan does tighten policy in coming months, perhaps as soon as this upcoming meeting in two weeks time, i think dollar-yen can have more downside potential. i think the extent of dollar-yen downside will likely depend on how f
of japan can tighten policy and we think the bank of japan will likely have the policy in april ratherh partly because the bank of japan will be able to get some more data between march and april so things like the first quarter survey and the regular economic data and also the bank of japan will also update projections in the april meetings so a positive outlook will be able to lay the foundation for rate adjustment. >> where do you see fair value for the yen in the case of where the boj...
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Mar 19, 2024
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yes, actually, the bank of japan has been _ reacting?y, the bank of japan has been guiding _ reacting? yes, actually, the bank of japan has been guiding the - reacting? yes, actually, the bank of japan has been guiding the markets| japan has been guiding the markets so that they would eventually exceed the negative environment. this was kind of well expected although they are not sure which particular meeting. so in terms of the market reaction, the japanese equities were up, which is sustaining the positive momentum so far, and the bond yields were down a little bit and actually, the japanese yen has fallen versus the japanese yen has fallen versus the us dollar and other currencies, because as i say, it's just a baby step in the bank ofjapan actually range —— but the bank ofjapan say they will start at a maintain an easy military environments up and so typically when you see an interest rate rise, it is versus the dollar which has actually been relatively strong, due to costs in the us. after nearly two decades of this fairly loose mon
yes, actually, the bank of japan has been _ reacting?y, the bank of japan has been guiding _ reacting? yes, actually, the bank of japan has been guiding the - reacting? yes, actually, the bank of japan has been guiding the markets| japan has been guiding the markets so that they would eventually exceed the negative environment. this was kind of well expected although they are not sure which particular meeting. so in terms of the market reaction, the japanese equities were up, which is...
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Mar 13, 2024
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in japan and how that plays into the bank of japan.are expecting to see more upside when it comes to european futures. we did see the stoxx 600 really extending gains and hitting a new record after that overshoot in u.s. inflation did not have much of an impact when it comes to european confidence and risk appetite in the markets in that previous session. the biggest jump since january and a pretty broad-based play across sectors. annabelle: china vanke is said to be in talks with banks on a debt swap that would help the developer stave off its first-ever bond default. for more let's bring in lorretta chen. does this signal that vanke is in quite deep liquidity trouble at this point in time? lorretta: that is true, it is the first time we have heard of vanke trying to get that reprieve on its public bonds and that will have more impact than the private debt talks we have reported the last few months. so it seems the liquidity crunch at the company is reaching a new level at this point. haidi: how important is vodka -- vanke? it is a br
in japan and how that plays into the bank of japan.are expecting to see more upside when it comes to european futures. we did see the stoxx 600 really extending gains and hitting a new record after that overshoot in u.s. inflation did not have much of an impact when it comes to european confidence and risk appetite in the markets in that previous session. the biggest jump since january and a pretty broad-based play across sectors. annabelle: china vanke is said to be in talks with banks on a...
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Mar 18, 2024
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it is what we are expecting from the bank of japan. these expectations are building in terms of what we could see from the bank of japan. it is a momentous decision. most investors say it is either today or next month. perhaps that does not matter a great deal for the longer-term trajectory. we did hear reporting from the nikkei suggesting the bank of japan would end yield curve control and etf buying. that is the question of the day. so much focus on what the boj is going to be doing. internally at we are student to take bets on what time it is going to be coming out. here is the outlook we have got for u.s. stocks. overnight it is the countdown to the fed. what we are going to hear from jay powell signaling around rate cuts. . we are seeing changing expectations. june had been seen most likely until a couple days ago. that is getting priced out as are the number of cuts we can expect for 2024. in the intraday session, it was the focus on tech. we mentioned the news around alphabet with the iphone in the headlights. what i am tracking
it is what we are expecting from the bank of japan. these expectations are building in terms of what we could see from the bank of japan. it is a momentous decision. most investors say it is either today or next month. perhaps that does not matter a great deal for the longer-term trajectory. we did hear reporting from the nikkei suggesting the bank of japan would end yield curve control and etf buying. that is the question of the day. so much focus on what the boj is going to be doing....
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Mar 24, 2024
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annmarie: what is the line in the sand for the bank of japan?was really being marked by more warning against speculative moves in the japanese company, this time from japan's currency chief? >> a little bit of a surprise because they were relatively quiet last week when the yen did weekend quite noticeably, despite the boj actually hiking rates. but doing so in a dovish fashion. even then when the fed stuck with the rate cuts forecast for this year, the yen still stayed weak. i think coming out of that and with the yuan slump on friday, that's got japanese officials worried. i don't think they want to see it go much further than it did if it got to 159.9 or so against the dollar or went to 152. there is some speculation it could go significantly further. while the bank of japan and some extent the government are happy to avoid massive yen strength, because that can hurt the stock market, that can hurt companies, they are also cognizant of the idea that the public doesn't feel particularly comfortable even with the yen at the current levels. a si
annmarie: what is the line in the sand for the bank of japan?was really being marked by more warning against speculative moves in the japanese company, this time from japan's currency chief? >> a little bit of a surprise because they were relatively quiet last week when the yen did weekend quite noticeably, despite the boj actually hiking rates. but doing so in a dovish fashion. even then when the fed stuck with the rate cuts forecast for this year, the yen still stayed weak. i think...
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Mar 22, 2024
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francine: bank of japan, three days ago this was a big deal.ield curve control has been described as the story. dan: they have eradicated the legacy like the guy never existed. goodbye. monetary policy remains accommodative by most yard sticks, but we went from -0.1 on the main rate to around zero and they have formerly -- formally abandoned efforts, but they are not out of the market. the path forward i think if i was ueda, i would say i dismantled the previous stuff, now we have got clear sailing ahead of us. can't that just be victory? why do we have to talk about the next hike? francine: this goes to your column saying don't expect this to be the start of the cycle. more than a hundred $10 billion has been wiped off the value of apple. merrick garland said the iphone maker dominated the market by stifling inflation. >> apple strategy is exclusionary and hurts consumers and developers. for consumers, that means higher prices, lower quality phones and less innovation from competitors. francine: apple will defend against the lawsuit, describin
francine: bank of japan, three days ago this was a big deal.ield curve control has been described as the story. dan: they have eradicated the legacy like the guy never existed. goodbye. monetary policy remains accommodative by most yard sticks, but we went from -0.1 on the main rate to around zero and they have formerly -- formally abandoned efforts, but they are not out of the market. the path forward i think if i was ueda, i would say i dismantled the previous stuff, now we have got clear...
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Mar 12, 2024
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that would satisfy the bank of japan.could be the missing piece, maybe that pushes them over the line for march, but the fiscal year end comes in between that meeting and the april meeting, that is the biggest caveat for not doing too much just in case it upsets everyone's end of year. haslinda: how much has been priced in? the impact of the end of negative rates on markets. >> not that much if you look at where we are. 10-year japanese yields for example or higher in november last year, they got to 1% in the bank of japan stepped in. dollar-yen is trading on a 147 handle. we have been down over the past 18 months, way below, down towards the 130 level. in terms of recent history, japanese markets are not pricing in a great deal. in the meantime, japanese equities have gone through the roof. especially if you look at the yen, if they indicated this is a series of tightenings, maybe they have a plan to take short-term rates to 1.5%, dollar-yen would have a lot of downside, but that is probably not the case, it will be gent
that would satisfy the bank of japan.could be the missing piece, maybe that pushes them over the line for march, but the fiscal year end comes in between that meeting and the april meeting, that is the biggest caveat for not doing too much just in case it upsets everyone's end of year. haslinda: how much has been priced in? the impact of the end of negative rates on markets. >> not that much if you look at where we are. 10-year japanese yields for example or higher in november last year,...
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Mar 19, 2024
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the bank of japan has ended _ the programme. the bank of japan has ended its - the programme.apan has ended its negative interest rate policy which has beenin interest rate policy which has been in place for 17 years. japan was the only nation left in the world that still kept that stance. it raised its short term policy rate target from —0.1% to between zero and zero 1%. and that's it for us here on asia business or. —— report. thanks for watching. i am julia with the catch up. our first story — only one in five nhs mental health trusts have specialists that can deal with conditions like tourettes in england and wales. that's what new research from the bbc has found. over 300,000 people in the uk are living with the condition which causes people to make sounds and movements known as tics. big artists such as billie eilish and lewis capaldi have opened up about having it. isabel is a journalist here at the bbc and was diagnosed at seven. my parents struggled to get the diagnosis but then the follow—on support was not there either. in the end, my mum had to homeschool me becaus
the bank of japan has ended _ the programme. the bank of japan has ended its - the programme.apan has ended its negative interest rate policy which has beenin interest rate policy which has been in place for 17 years. japan was the only nation left in the world that still kept that stance. it raised its short term policy rate target from —0.1% to between zero and zero 1%. and that's it for us here on asia business or. —— report. thanks for watching. i am julia with the catch up. our first...
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Mar 12, 2024
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bank of japan mulling a march hike with the outcome to call.hat is the redhead across the terminal. the japanese yen is at 147, paring weakness, down 3/10 of 1%. japanese yields are at 0.77 as well, a marginal move. japanese yen at 147, so bank of japan is mulling a march hike. will be hearing from the boj governor about the economy recovering as there are pockets of weakness. reporting from bloomberg that the boj is looking at a march hike ending negative rates. more details as we get it. keep across japanese assets. jill, let's get back on the details. i was interrupting you to break that redhead. views on the interest rate and with the fed should be doing? >> he is saying they need more data to make decisions. that is where february statistics come into play. interesting signals, the payroll was strong, slight uptick in unemployment and underlying data was more favorable to a gradual cooling off. the case jamie is making is the idea that data needs to be significant. do they have enough information? not yet but we will see who are the cpi pr
bank of japan mulling a march hike with the outcome to call.hat is the redhead across the terminal. the japanese yen is at 147, paring weakness, down 3/10 of 1%. japanese yields are at 0.77 as well, a marginal move. japanese yen at 147, so bank of japan is mulling a march hike. will be hearing from the boj governor about the economy recovering as there are pockets of weakness. reporting from bloomberg that the boj is looking at a march hike ending negative rates. more details as we get it. keep...
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Mar 12, 2024
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on what we see from the bank of japan.ccumulation of data from these wage negotiations will really be key in terms of whether negative rates will be ended sooner rather than later. also watching the yen as well. is this major yen rally finally underway or do we see a bit of a trap with the bank of japan as well as more signaling from the fed in their meeting next week? more ahead here on daybreak australia. this is bloomberg. ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. annabelle: this is south korea's top financial regulator sa
on what we see from the bank of japan.ccumulation of data from these wage negotiations will really be key in terms of whether negative rates will be ended sooner rather than later. also watching the yen as well. is this major yen rally finally underway or do we see a bit of a trap with the bank of japan as well as more signaling from the fed in their meeting next week? more ahead here on daybreak australia. this is bloomberg. ♪ okay y'all we got ten orders coming in... big orders! starting a...
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Mar 31, 2024
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the bank ofjapan _ expectations for policy? the bank of japan was _ expectations for policy? ofjapan was recently bank of japan was recently adjusted its monetary policy raising interest rates for the first time in 17 years, it was a pivotal moment for the economy. 0urview a pivotal moment for the economy. our view is that going forward, the governor will be taking a very close look at the economy and signs that wages will rise higher than the growth trend of inflation at 2% which we think we are starting to see re—shoots up. that said, we are at the very beginning of japan's exit out of the last decades of inflation. the last to look out for is somewhere around 04 after september i think that will be one timing that the bank of japan may look to raise interest rates going forward. fix, to raise interest rates going forward. �* . , forward. a fairly positive outlook _ forward. a fairly positive outlook for _ forward. a fairly positive outlook for them - forward. a fairly positive outlook for them going l forward. a fairly positive - outlook for them going forward. what does th
the bank ofjapan _ expectations for policy? the bank of japan was _ expectations for policy? ofjapan was recently bank of japan was recently adjusted its monetary policy raising interest rates for the first time in 17 years, it was a pivotal moment for the economy. 0urview a pivotal moment for the economy. our view is that going forward, the governor will be taking a very close look at the economy and signs that wages will rise higher than the growth trend of inflation at 2% which we think we...
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Mar 17, 2024
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let's get more on one of the two major central banks we are looking at this week, the bank of japan.ia reports saying policymakers will end their negative rate policy on tuesday. our mliv survey asked whether that could spell the end of the bull market. >> my view is that it will be a very dovish exit. at >> markets split between march and april exit from negative rates. >> japan raises interest rate, the u.s. goes lower. are i do not think they want to risk financial instability. >> the stock market has performed very well on the weaker yen. >> there will be a godsend it seems these couple of months will be rougher japanese equities but they will give you opportunities. >> the money leaves japan at what does it go? i could bring it back may be to china. haidi: let's bring in our asian equities reporter. depending on the investors we speak to there were two camps. at one saying the yen is one small part of why we are seeing the ball rented japan and other saying we are likely to see a pullback as a result of any moves in the currency. >> right now it is a momentous moment and everyon
let's get more on one of the two major central banks we are looking at this week, the bank of japan.ia reports saying policymakers will end their negative rate policy on tuesday. our mliv survey asked whether that could spell the end of the bull market. >> my view is that it will be a very dovish exit. at >> markets split between march and april exit from negative rates. >> japan raises interest rate, the u.s. goes lower. are i do not think they want to risk financial...
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Mar 11, 2024
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, nikkei225 off by over 2% , quite a lot of fluctuating expectations out of the bank of japan.ed gdp data suggesting the economy of what a recession just a week for the bank of japan meeting, and that will be one of those additional data points and play as we get into further expectations, possibly also softer by .5 of 1%. downside in australia. this is the biggest intraday decline we have seen an australian stocks in about a month especially being led by grow sectors including the likes of energy as well as miners the biggest laggards down by 2% apiece. the kiwi following the region. dollar weakness-yen strength story continues to play out as well as kgb yields heading toward highs. asian stocks in particular as we continue to see -- watch the narrative when it comes to nvidia and some of the regulations that we are seeing. we did see in the past week nvidia seeing the biggest drop since august, but some profit taking after almost 20% six-day gain there. sk hynix one of the biggest lures down by 3.6%. annabelle: that is one of the big sectors we are tracking, but on the echo f
, nikkei225 off by over 2% , quite a lot of fluctuating expectations out of the bank of japan.ed gdp data suggesting the economy of what a recession just a week for the bank of japan meeting, and that will be one of those additional data points and play as we get into further expectations, possibly also softer by .5 of 1%. downside in australia. this is the biggest intraday decline we have seen an australian stocks in about a month especially being led by grow sectors including the likes of...
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Mar 28, 2024
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so some of the bank of japan rhetoric adding to this weak yen case?ghlight that. they've kept up their persistent easing policy. they continue to kind of, it is still extraordinarily easy policy. they've been clear to make that. i think, though that the bank of japan will be encouraged by the fact that they did remove negative rate, it didn't cause a shock in markets. we're not even seeing the yen appreciate since that meeting. therefore i think that ultimately, the fact that we probably will continue to see depreciation on the yen over the coming months means we won't get more of b.o.j. tightening this year and the markets are currently pricing. simon flint, a colleague on our team has done a really, really exceptional analysis this week, kind of doing, revised tailor rule analysis saying if you assume gradual policy and take claims we might get as much as 70 basis point, 6, 070 basis points of hikes this year from bank of japan which is double what the market is pricing. i think that's an interesting flamework to look at it. i think we might start t
so some of the bank of japan rhetoric adding to this weak yen case?ghlight that. they've kept up their persistent easing policy. they continue to kind of, it is still extraordinarily easy policy. they've been clear to make that. i think, though that the bank of japan will be encouraged by the fact that they did remove negative rate, it didn't cause a shock in markets. we're not even seeing the yen appreciate since that meeting. therefore i think that ultimately, the fact that we probably will...
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Mar 19, 2024
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japan gbp and if i could make a comment on etf bank of japan will likely to announce the scope of therchase of etf, since 2021 actually they originally stopped purchase of etf so the market impacts should be minimal and i believe bank of japan will not fit that market, they will sell their holdings and stop new purchase and announce the decision of what they will do with their holdings, 70 trillion etf holding. >> so that is significant, if they say they will not be selling, they will hold it. it should give good indication to support for the market >>. of course. bank of japan, they will have to work with other policymakers and the market estimate is that they pass their holding to outsider management at some point in the future so it is too early but they can say they make use of etf dividends from holding etf to interest payment for excess reserves in new normalized [indiscernible] >> what kind of guidance are you giving investors? how should they position their portfolios given the return to normalization? >> first we want to emphasize this policy normalization is not just tighten
japan gbp and if i could make a comment on etf bank of japan will likely to announce the scope of therchase of etf, since 2021 actually they originally stopped purchase of etf so the market impacts should be minimal and i believe bank of japan will not fit that market, they will sell their holdings and stop new purchase and announce the decision of what they will do with their holdings, 70 trillion etf holding. >> so that is significant, if they say they will not be selling, they will...
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Mar 13, 2024
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tom: very interesting in terms of the potential sequencing from the bank of japan.cranfield from our mliv team, thank you very much. just crossing the lines, the governors saying they will decide policy, a little bit of softness coming through from the japanese yen. let's switch focus now. the president has warned the russian president will attack other countries if the kremlin wins its war in ukraine. because as the polish leader seeks to convince the u.s. to approve further assistance for kyiv. >> we are the nation who was enslaved by russia several times. if russia wins the war in ukraine, he will attack one more time, he will attack other states because this is russian imperialism reborn and that is why it has to be stopped, it has to be blocked, and has to be punished. this is the most important task facing the community of the west today. this community is led by the united states of america. >> mr. president, essentially was your message that if the u.s. congress fails to provide additional support to ukraine, not only could they be harming ukraine's war effo
tom: very interesting in terms of the potential sequencing from the bank of japan.cranfield from our mliv team, thank you very much. just crossing the lines, the governors saying they will decide policy, a little bit of softness coming through from the japanese yen. let's switch focus now. the president has warned the russian president will attack other countries if the kremlin wins its war in ukraine. because as the polish leader seeks to convince the u.s. to approve further assistance for...
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Mar 13, 2024
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not the decision from the bank of japan. we are still at the hurdle there. annabelle: it is a countdown for the boj meeting, we are fairly steady as we, my buddy moves in the session we saw them retreating somewhat from the all-time high. nasdaq futures in the context of the moves, losses were felt in the tech space, dropping with a handful of big tech. traders are awaiting these readings on inflation and retail sales and we had the uptick somewhere in the february cpi print, headline ppi prices were also expecting to rise. an rebound in energy prices and retail sales are likely to rebound with unfavorable seasonal adjustment factors. they were weighed in, february, expecting somewhat of an improvement. it is the last inflation reading before we get to the fed meeting. the context of the trading as well, this is the longest stretch we have had for the s&p 500 since 2018 without a drop of at least 2%. there is momentum that is going higher. haidi: i want to bring in a bloomberg opinion author, this is kind of really the conundrum you have been thinking about.
not the decision from the bank of japan. we are still at the hurdle there. annabelle: it is a countdown for the boj meeting, we are fairly steady as we, my buddy moves in the session we saw them retreating somewhat from the all-time high. nasdaq futures in the context of the moves, losses were felt in the tech space, dropping with a handful of big tech. traders are awaiting these readings on inflation and retail sales and we had the uptick somewhere in the february cpi print, headline ppi...
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Mar 19, 2024
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from the bank of japan.ve japanese equities back from the lunch break, and that statement or report from nhk about how governor wait a is handling that we can policy. we see the nikkei still in negative territory. is that countdown on to what we get from the japanese central bank? haslinda: avril, thank you for that update. to get inside perspective, our next guest says the easy money has already been made in japanese assets. let's bring in hams i you -- hamza ayub, head of farro capital. let's take a look at how the boj -- let's get you on the very latest. give me a moment while i drag in the headlines on the boj. we have the boj scrapping yield curve control, also set the yield policy rate to 0% to 0.1 percent, in line with what markets have been expecting. the boj scrapping the yc see and has set policy rate at the 0% to 0.1% range. pretty much in line with what was expected by the markets. the yen weakening versus the dollar immediately after that, and the boj also says it will keep buying bonds. just a
from the bank of japan.ve japanese equities back from the lunch break, and that statement or report from nhk about how governor wait a is handling that we can policy. we see the nikkei still in negative territory. is that countdown on to what we get from the japanese central bank? haslinda: avril, thank you for that update. to get inside perspective, our next guest says the easy money has already been made in japanese assets. let's bring in hams i you -- hamza ayub, head of farro capital. let's...
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Mar 15, 2024
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the bank of japan can move out of negative rate territory but partly how far they can move will dependfed and other central banks? is that your point of view? >> yes, let's take a look at the long-term. it is now standing around 0.7% or 0.6%. i mean, now already the message were given to the market. and i think the current market, money market is based on the messages given by the bank of japan, which is not the unleashed, but to some extent, and negative rate will be dismantled. haslinda: suntory holdings' president and ceo speaking exclusively to bloomberg. let's take you to markets, some of the movers we are tracking right now, samsung among them. chip-related stocks. samsung set to win $6 billion from the u.s. under the u.s. chips act, according to people familiar with the matter. they said the money will help samsung expand beyond its project in texas. samsung rivals like tsmc and asml set to be awarded that grant. tsmc also in negative territory. we are tracking hon hai surging more than 8% right now after profits soared 30%, boosted pretty much by is ai hardware sales. shares up
the bank of japan can move out of negative rate territory but partly how far they can move will dependfed and other central banks? is that your point of view? >> yes, let's take a look at the long-term. it is now standing around 0.7% or 0.6%. i mean, now already the message were given to the market. and i think the current market, money market is based on the messages given by the bank of japan, which is not the unleashed, but to some extent, and negative rate will be dismantled....
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Mar 11, 2024
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it began in focus has japanese stocks of the most among some growing speculation the bank of japan will raise rates, it investors look ahead to u.s. investor data tomorrow. u.s. president joe biden towards israel against invading the city of rafah, calling it a redline as cease-fire talks remained deadlocked. aramco's 31 billion dollars gift, the world's biggest oil exporter ramps up its quarterly dividend despite loyal oil prices to plug a budget deficit. a bit of profit across the nasdaq on friday. we had jobs data, unemployment rate ticking up to 3.9%, but broadly the jobs picture looking at a relatively resilient in the u.s. european stocks ended friday at a press record. european stocks pointing to losses of .5 of 1%. the data focus is the inflation print out of the u.s. on tuesday. it is worth noting inflation out of china managed to take up in a recent reading suggesting the inflationary funk is starting to return. ftse futures pointing lower by .3 of 1%. just down .1 of 1% on s&p futures. it lets with the board and look cross asset, the focus to take is very much on what is happ
it began in focus has japanese stocks of the most among some growing speculation the bank of japan will raise rates, it investors look ahead to u.s. investor data tomorrow. u.s. president joe biden towards israel against invading the city of rafah, calling it a redline as cease-fire talks remained deadlocked. aramco's 31 billion dollars gift, the world's biggest oil exporter ramps up its quarterly dividend despite loyal oil prices to plug a budget deficit. a bit of profit across the nasdaq on...
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Mar 20, 2024
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a widely dovish mood from the bank of japan. bigger move for japanese assets.re closed, will have futures trading. it is all down to the fed and other central bank decisions. haidi: full steam ahead and japan equity rally. another market hoping for the same narrative is korea. a down day in tradi
a widely dovish mood from the bank of japan. bigger move for japanese assets.re closed, will have futures trading. it is all down to the fed and other central bank decisions. haidi: full steam ahead and japan equity rally. another market hoping for the same narrative is korea. a down day in tradi
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Mar 15, 2024
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the bank of japan's policy. we think they will start with the ending of the yield curve control and then the following month, a change in the policy rates. but i think it goes beyond that. it is basically this end of deflation which i think then plays into people's minds and they are no longer expecting deflation. that is point number one. the second point is obviously that change in corporate governance, which is real and already having a significant effect on dividend payouts and therefore shareholder value. haidi: there is also structural changes when you talk about china and a lot of them not necessarily pointing in the right direction for investors. i wonder what prism through which you view value in china right now. willem: in china, we see clearly valuations are very low. we are basically waiting for the stimulus that is coming through, to feed through actual economic and earnings growth, for that to create more positive momentum. in the meantime we diversify within asia and obviously japan is a big desti
the bank of japan's policy. we think they will start with the ending of the yield curve control and then the following month, a change in the policy rates. but i think it goes beyond that. it is basically this end of deflation which i think then plays into people's minds and they are no longer expecting deflation. that is point number one. the second point is obviously that change in corporate governance, which is real and already having a significant effect on dividend payouts and therefore...
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Mar 20, 2024
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is this what the bank of japan wanted?ill they rethink the dovish approach to otherwise superficial rate hikes. they have to be getting a little bit concerned. jonathan: we will talk about some of this in a moment. the top story today is the fed rate decision at 2 p.m. eastern with fed chair jay powell set to speak at 2:30 p.m. and rates are expected to remain on hold the fomc will release a new dot plot and projections. still expecting three cuts this year with a dovish chair powell despite a string of hotter than expected inflation prints since the last meeting. if you been missing the coverage over the last week on the dot plot, it will on the -- it will only take two officials of the federal reserve to come up and that will change the median. from three to 2. is that a big deal given the direction of travel over the last few months? lisa: we are talking about eight of 19 fed officials. this is how closely people are scrutinizing this. they have two rate cuts priced in rather than three. if two more join that, then you
is this what the bank of japan wanted?ill they rethink the dovish approach to otherwise superficial rate hikes. they have to be getting a little bit concerned. jonathan: we will talk about some of this in a moment. the top story today is the fed rate decision at 2 p.m. eastern with fed chair jay powell set to speak at 2:30 p.m. and rates are expected to remain on hold the fomc will release a new dot plot and projections. still expecting three cuts this year with a dovish chair powell despite a...
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Mar 18, 2024
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bank of japan.ow expecting to hike rates for the first time in 17 years. >>> vladimir putin claims a landslide victory from the russian elections and set to become the longest serving russian leader for more than 200 years while dismissed allegations of the rigged vote. >> translator: in yof you want learn my opinion if the elections are democratic, you can use administrative resources to attack a u.s. presidential candidate. >>> and alphabet and apple are tied up for a deal while in talks to use the a.i. models. >>> well, this market movement has been flat so far in the early trading picture. last week, we saw the markets in red at the close on friday. the stoxx 600 had been up for eight weeks in a row. we are beginning to see the turn. that little bit of a push toward things like granolas and the european market being more significant. the first time it has gone up eight weeks in a row since 2018 for the stoxx 600. reaching the record highs. above 500 points was the key level that we saw the marke
bank of japan.ow expecting to hike rates for the first time in 17 years. >>> vladimir putin claims a landslide victory from the russian elections and set to become the longest serving russian leader for more than 200 years while dismissed allegations of the rigged vote. >> translator: in yof you want learn my opinion if the elections are democratic, you can use administrative resources to attack a u.s. presidential candidate. >>> and alphabet and apple are tied up for a...
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Mar 14, 2024
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perfect timing to have you back with us of course. to talk all things bank of japan. we fatigued of boj expectations and speculation? what's going to drive the end? the boj were the fed? >> part of what's going on is that in what should not be a surprise really, the u.s. economy is proving again far more resilient, inflation is proving stickier. if the jump in treasury yields we saw overnight, the idea was this year was supposed to bring a narrowing of the diversions between the fed and the boj -- divergence between the fed and the boj because the fed was going to cut rates quite rapidly and before the boj moved area the boj was going to slowly move toward ending negative rates and then consider whether it would go higher. instead we have a situation where the expectation for fed easing has been pushed back and pushed back. now we have people apprehensive that the fed might raise its dot plots and say instead of three rate cuts for this year as the base case, it might be two. that's kind of overwhelmed whatever the boj might do. if that apprehension does play out, if
perfect timing to have you back with us of course. to talk all things bank of japan. we fatigued of boj expectations and speculation? what's going to drive the end? the boj were the fed? >> part of what's going on is that in what should not be a surprise really, the u.s. economy is proving again far more resilient, inflation is proving stickier. if the jump in treasury yields we saw overnight, the idea was this year was supposed to bring a narrowing of the diversions between the fed and...
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Mar 20, 2024
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work for the bank of japan.he enormous balance sheets. there's the question of what it does with the great big pile of e.t.f.'s. how do you unwind both of these positions without destabilizing markets? >> another fantastic question that we've all been pondering for the last 10 years. my view is bonds are a little bit easier to deal with. you can hold bonds until they expire and so be it. unwinding the e.t.f. positions which have been -- which are substantial and have provide significant market support to japanese equities that's a little bit more challenging. at the end of the day they're going to find some form of government giveaway. maybe this becomes part of your social welfare program or your pension and have a distribution in kind at some point to all of japanese citizens and say you're all part of the japanese economy and you're all going to benefit. so that would be more than likely the least disruptive way to solve the problem. >> there's an interesting question about the japanese citizens respond to th
work for the bank of japan.he enormous balance sheets. there's the question of what it does with the great big pile of e.t.f.'s. how do you unwind both of these positions without destabilizing markets? >> another fantastic question that we've all been pondering for the last 10 years. my view is bonds are a little bit easier to deal with. you can hold bonds until they expire and so be it. unwinding the e.t.f. positions which have been -- which are substantial and have provide significant...
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Mar 22, 2024
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one being the bank of japan. annabelle: the national cpi we went through pointing in the right direction showing the acceleration. that is going to keep investors comfortable with the dovish positioning after the lift up we had from the boj. if the data continues to go in this direction, maybe we will see an encore from the bank of japan later this year. annabelle: are we one and done or will there be more hikes coming from the governor? japanese assets coming online. the story of inflation data that we just got out and the nation wide reading, we sell gains of 2.8% on the gear. that pace picking up from 2% the month prior. that outcome will keep markets focused on whether we see the boj following with another hike. the weakness in the japanese yen trading above the 151 mark. we have been monitoring for more jawboning from japanese officials. week currency does support japanese equities. we are seeing the nikkei and the topix pushing higher. it is not just a domestic story. a lot of traders are closely trained on
one being the bank of japan. annabelle: the national cpi we went through pointing in the right direction showing the acceleration. that is going to keep investors comfortable with the dovish positioning after the lift up we had from the boj. if the data continues to go in this direction, maybe we will see an encore from the bank of japan later this year. annabelle: are we one and done or will there be more hikes coming from the governor? japanese assets coming online. the story of inflation...
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Mar 1, 2024
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and the governor warning the bank of japan's price target is not insight. temporary speculation the first rate hikes since 2007 could come this month. >> the markets in asia, it is caution despite the fact that wall street ended wednesday at a new record high. the pce data coming in as expected but still at the highest level. the fed perhaps is justified in delaying its rate cuts. we have the msci asia-pacific index -- take a look at where japan is. up almost 2%. perhaps the data clearing the way for gains in the stock market. at home it is about china. the pmi better than expected but contracting for five months in a row. activity disrupted by the lunar new year holiday. manufacturing stabilizing at 51.4. it is about the npc right now. expectations are so high. will we see the bazooka that people are expecting? will we see a policy pivot? what about the gdp target? yvonne: that is probably the single most important thing to watch according to our bloomberg economics analyst. whether the growth target will be maintained at 5% and if that is the case, how wi
and the governor warning the bank of japan's price target is not insight. temporary speculation the first rate hikes since 2007 could come this month. >> the markets in asia, it is caution despite the fact that wall street ended wednesday at a new record high. the pce data coming in as expected but still at the highest level. the fed perhaps is justified in delaying its rate cuts. we have the msci asia-pacific index -- take a look at where japan is. up almost 2%. perhaps the data clearing...
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Mar 19, 2024
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. >>> the central bank shift as the bank of japan ends the negative interest rates. >>> later, with the national association of realtors settlement means for realtor s and brokers. it's tuesday, march 19th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank you so much for being with us. let's get you ready for the trading day ahead. we kickoff the hour with the stock futures check with the positive session for stocks yesterday and hthe fed kicking off the two-day policy meeting. the s&p is flat. dow is just down a bit. we are checking the yields. the benchmark coming in at 4.32%. we will watch the moves this morning. we want to look at energy market. look at the oil which is coming off the highest close since october. it is fractionally higher. wti is trading above $80 a barrel. $83 a barrel. brent crudeat $87 a barrel this morning. >>> that's the set up. let's turn our attention overseas and the story of the boj and the impact with the japan central bank raising the key lending rate for the first time in 17 year
. >>> the central bank shift as the bank of japan ends the negative interest rates. >>> later, with the national association of realtors settlement means for realtor s and brokers. it's tuesday, march 19th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank you so much for being with us. let's get you ready for the trading day ahead. we kickoff the hour with the stock...
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Mar 5, 2024
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eddy: the japanese yen is contingent on bank of japan monetary policy.e expect the bank of japan to exit negative interest rate policy sometime in the second quarter this year. having said that, exciting doesn't mean aggressive tightening. haslinda: march or april? eddy: we are looking at april, if i recall correctly, but it is dependent on the shunto, if the numbers -- if growth is coming higher than expected, then it gives a reason for the boj to act faster. haslinda: fundamentals are in place to support further rally in the nikkei 225? eddy: in terms of corporate reforms, that is something that has been constructive and supportive for japanese equities and probably we get a bit more of that. one thing we highlighted to investors is on the political development. because the current prime minister with ldp, they are facing a september election, and there is a chance that the prime minister may get reelected. given some concerns in terms of support levels. if that were to happen, it could create uncertainty about policy continuity and could create volati
eddy: the japanese yen is contingent on bank of japan monetary policy.e expect the bank of japan to exit negative interest rate policy sometime in the second quarter this year. having said that, exciting doesn't mean aggressive tightening. haslinda: march or april? eddy: we are looking at april, if i recall correctly, but it is dependent on the shunto, if the numbers -- if growth is coming higher than expected, then it gives a reason for the boj to act faster. haslinda: fundamentals are in...
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Mar 19, 2024
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we were waiting for the bank of japan to make the move.ne was higher inflation which has been going for quite some time now. last friday, the news came in with the companies represented by the biggest labor union in japan would raise wages in april by 5%. those two factors are in place. that is why they are ending this so-called experiment. it was long overdue according to economists, but they took a cautious approach and made the move today. a lot will depend on what happens from here on, particularly on the currency front because imported inflation costs have been a serious draw and serious weight on consumption. that is the missing link in the recovery scenario. karen, we are still skirting on the edges of recession. yes, it is a symbolic move, but beyond that, you know, unless you are in the brokerage rooms and cheering on the nikkei, there is a deep sense of caution from the average person in japan. >> thank you for the perspective on the significant day as we weigh the moves from the bank of japan and what lies ahead for many investo
we were waiting for the bank of japan to make the move.ne was higher inflation which has been going for quite some time now. last friday, the news came in with the companies represented by the biggest labor union in japan would raise wages in april by 5%. those two factors are in place. that is why they are ending this so-called experiment. it was long overdue according to economists, but they took a cautious approach and made the move today. a lot will depend on what happens from here on,...
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Mar 1, 2024
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judgment for the bank of japan. haidi: adjacent to japan, coming to the same themes and policy narratives, south korea has stage quite a turnaround. are you optimistic about the number of announcements we are seeing? we have scant details but a lot of investor optimism, is that a good option? marc: like japan, korea has suffered from a corporate governance for many years. it is a low valuation equity market. some of that is due to the fact it has a cyclical mix but it is due to corporate governments and shareholder return policies, or lack thereof. the governments and south korea is genuinely serious about creating a watershed moment. you will see more of the large companies reassess their shareholder return policies, whether dividend policy come across shareholdings, so we think this theme could have spilled over into japan but it may take quarters for this to be a widespread example rather than a few corporate examples. annabelle: we had that preferred inflation gauge from the fed overnight above the 2% target but
judgment for the bank of japan. haidi: adjacent to japan, coming to the same themes and policy narratives, south korea has stage quite a turnaround. are you optimistic about the number of announcements we are seeing? we have scant details but a lot of investor optimism, is that a good option? marc: like japan, korea has suffered from a corporate governance for many years. it is a low valuation equity market. some of that is due to the fact it has a cyclical mix but it is due to corporate...
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Mar 8, 2024
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for the bank of japan, as the expectations continue. paul: it was a mixed bag, the backdrop to it all the stronger yen as well. >> the geopolitical risk keeps building and the focus will be back on the u.s. and the fed has given some comfort when it comes to investors this week. watching for some of the key themes coming out of president biden's address, a campaign state of the union in terms of being able to address the nation before the november election which is looking like a rerun between him and donald trump. the nikkei to 25 about .5% higher than we've seen. and of rockets around the region really outperforming, including australia. some intra--- incremental gains, the dollar yen has been interesting on the's expectations from the bank of japan. for impact when it comes to the japan equity rally, it's been sort of a nonevent. we've seen any attempts turning short on japanese stocks becoming increasingly risky. shares of so-called low-quality companies have seen quite a lot of volatility on this reform program that has driven so m
for the bank of japan, as the expectations continue. paul: it was a mixed bag, the backdrop to it all the stronger yen as well. >> the geopolitical risk keeps building and the focus will be back on the u.s. and the fed has given some comfort when it comes to investors this week. watching for some of the key themes coming out of president biden's address, a campaign state of the union in terms of being able to address the nation before the november election which is looking like a rerun...
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Mar 27, 2024
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the bank of japan is in no hurry to raise rates materially.ke be a bit of a crack? lisa: i don't think so, we heard from a boj official saying we need to be cautious, deliberate and slow. basically doubling down on what moves they just took. jonathan: this morning, six people are presumed dead after the collapse of the's francis scott key bridge in baltimore. president biden said he would like the federal government to pay for the rebuild to move heaven and earth to reopen the port and rebuild the bridge. the port is one of the busiest on america's east coast. the rebuild, you have to do the cleanup first, which is what we talked about moments ago. annmarie: you hear from officials that this will take weeks, if not months just for the cleanup for we talk about the funding and what will be needed in terms of infrastructure to rebuild. i will go back to what brendan murray said, is this isolated could we see a domino effect? at the moment, companies are regrouping. gm and ford said they will move to georgia. you brought up a good point about col
the bank of japan is in no hurry to raise rates materially.ke be a bit of a crack? lisa: i don't think so, we heard from a boj official saying we need to be cautious, deliberate and slow. basically doubling down on what moves they just took. jonathan: this morning, six people are presumed dead after the collapse of the's francis scott key bridge in baltimore. president biden said he would like the federal government to pay for the rebuild to move heaven and earth to reopen the port and rebuild...
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Mar 25, 2024
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by for the bank of japan.hat was widely telegraphed and there were multiple leaks to japanese media. for more, let's bring in bloomberg opinion columnist dan moss. in terms of signaling to the market what you are thinking and leaking like a sieve, where is the line here? >> the point that my colleague and i were making in our column today is there appears to be no line. you used the word telegraph. it is important to say most central banks will telegraph their general inclination prior to a meeting where there's likely to be policy action. what we've seen consistently from the bank of japan, particularly u undereda's leadership is next level. we are talking about leaks in excruciating and definitive detail, not just trial balloons, and they are coming while the meeting is in progress. it was like watching a football game last week. nhk was giving breathless updates of what ueda was tabling to the group while the meeting was in progress. japan is wondering why it can't get into the five eyes, why on earth would
by for the bank of japan.hat was widely telegraphed and there were multiple leaks to japanese media. for more, let's bring in bloomberg opinion columnist dan moss. in terms of signaling to the market what you are thinking and leaking like a sieve, where is the line here? >> the point that my colleague and i were making in our column today is there appears to be no line. you used the word telegraph. it is important to say most central banks will telegraph their general inclination prior to...
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Mar 19, 2024
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the central bank kicking off its two day meeting after the bank of japan delivered its first rate hike since 2007. we will take stock of the global landscape. the future of new york community bank. we speak to a key investor in the $1 billion capital infusion. the long-term trend -- plan for the troubled lender. the ceo ducati joints to talk about the business of making motorcycles and the moto gp. i am katie greifeld and welcome to bloomberg markets. you take a look at the markets and there is some red on the screen. the s&p 500 off by about point read percent, a far cry from this time 24 hours ago. you look at the nasdaq 100 and the big tech names and it gets worse. the nasdaq 100 off by .8%, not too big of a move but to the downside. this as we count down to the fed decision. that line is what you want to watch, the 10-year treasury yield lower by one basis point. we are sitting at 4.3% or so. of course that meeting kicked off at 9:00 a.m.. let us dive deeper into the markets with catherine, the stone next financial chief market strategist. let us talk about the fed but let us start
the central bank kicking off its two day meeting after the bank of japan delivered its first rate hike since 2007. we will take stock of the global landscape. the future of new york community bank. we speak to a key investor in the $1 billion capital infusion. the long-term trend -- plan for the troubled lender. the ceo ducati joints to talk about the business of making motorcycles and the moto gp. i am katie greifeld and welcome to bloomberg markets. you take a look at the markets and there is...
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Mar 13, 2024
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you can see already there's been plenty of stories saying that some bank of japan people are leanings doing something in march. some are holding back. but previously, always the fiscal year and is a big deal for japanese companies and banks. they may not be sure how the market will respond if they were to move before that. it's only a couple weeks before. why not wait until april when it's a little bit clearer? or the alternative is to do it in steps. there have been stories saying that yield curve control is likely to go. they could exit that next week. it wouldn't cause a huge disruption but it would be a clear signal that they are about to do something else. maybe do that first and then something else. haslinda: i imagine the fed is a consideration. we saw how cpi came in hotter than expected. that must be one of the considerations for the boj. mark: it helps them. we were discussing this in january. there was a lot of speculation that the bank of japan wanted to move early in the year to get ahead of the federal reserve. they didn't want to be raising rates as the same -- at the
you can see already there's been plenty of stories saying that some bank of japan people are leanings doing something in march. some are holding back. but previously, always the fiscal year and is a big deal for japanese companies and banks. they may not be sure how the market will respond if they were to move before that. it's only a couple weeks before. why not wait until april when it's a little bit clearer? or the alternative is to do it in steps. there have been stories saying that yield...
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Mar 18, 2024
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course kicking it off when it comes to the bank of japan. interesting the way we are seeing japan risk assets trending, suggesting that maybe a lot of this risk is starting to get priced in. we are seeing some very hefty gains for the nikkei 225. 1.6% higher and the yen is above that 149 level as well so potentially if we got a breakout after the fed with the dollar, that might be a different question but certainly, japanese assets look pretty comfortable with the boj lift off that is expected this week and we are seeing the kospi up by just about .2% there. it is not just the boj or the fed. we are getting other central banks including the reserve bank of australia. a little more caution with expectation that they will stay on hold. some of these concerns over recent data but aussie bonds, i should mention, opening the week lower heading into a bigger risk. >> and also a big update on a lot of different economies and we are going to get that for china later today as well because we have activity data that is due out in just a couple of hour
course kicking it off when it comes to the bank of japan. interesting the way we are seeing japan risk assets trending, suggesting that maybe a lot of this risk is starting to get priced in. we are seeing some very hefty gains for the nikkei 225. 1.6% higher and the yen is above that 149 level as well so potentially if we got a breakout after the fed with the dollar, that might be a different question but certainly, japanese assets look pretty comfortable with the boj lift off that is expected...
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Mar 19, 2024
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that means the central bank of japan, bank of japan could be less of an investment in us treasuries whether our debt and so forth remains to be seen. neil: how much play or attention do you pay to the markets? fed officials, not much, has got to be to some degree because you worried the market is getting giddy or ahead of their skis, anticipating imminent cuts in interest rates, the prevailing wisdom was march of this year and it is pushed back to june. how much do you tamp down that explanation or markets do their own thing but here's what they are looking at. >> good question, not an easy question to answer, not as important and the fed march -- watches the markets ended every meeting there's a clear report of what the markets have been telling the fed and what's likely to be the result of policy actions that around the table but having said that, the fed doesn't get into a you at with markets, the committee becomes reactive to markets, market mowers or market news and generally speaking the focus is on the real economy, the mainstreet economy where most people live. markets are a factor,
that means the central bank of japan, bank of japan could be less of an investment in us treasuries whether our debt and so forth remains to be seen. neil: how much play or attention do you pay to the markets? fed officials, not much, has got to be to some degree because you worried the market is getting giddy or ahead of their skis, anticipating imminent cuts in interest rates, the prevailing wisdom was march of this year and it is pushed back to june. how much do you tamp down that...
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Mar 19, 2024
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that's a move of .9% in the face of the first interest rate hike and 17 years from the bank of japan.ow it. lisa: it's just what they were hoping for. there was a report saying we will do it and no one cared. jonathan: a full rate hike for the boj, we will see what comes next. commercial real estate is in focus this morning. >> commercial real estate is a slow burn. it's a classic earn. go back to the late 80's and early 90's, we had a commercial real estate recession so there will be difficulties and we feel good but does that mean banks will fail? many banks failed in the past decade but the folly of the banking system is strong. jonathan: the bank of america commercial bank soaring as it moves to limit its exposure to cre. joining us now to discuss is wendy stewart, the bank of america global commercial banking president. >> good morning and thank you for having me. jonathan: thank you for hosting us. let's talk about your business and how much things have changed. when we talk about commercial real estate, i don't think we narrow it down enough. how much have things change for thi
that's a move of .9% in the face of the first interest rate hike and 17 years from the bank of japan.ow it. lisa: it's just what they were hoping for. there was a report saying we will do it and no one cared. jonathan: a full rate hike for the boj, we will see what comes next. commercial real estate is in focus this morning. >> commercial real estate is a slow burn. it's a classic earn. go back to the late 80's and early 90's, we had a commercial real estate recession so there will be...
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Mar 18, 2024
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bank of japan before that really expected to have kind of a signature landmark move. what do you expect out of it and what are the market implications? >> we think the bank of japan has enough ammo to finally get out of negative rates and think they do that tomorrow. you've got really strong wage negotiations that are happening, so a lot of the big steel companies and big auto manufacturers have increased wages at some of the highest levels we've seen multidecade increase, largest labor union last week agreed to some pretty significant wage increases. this has been one of the criteria that the bank of japan has been looking for to get out of negative rates and growth side, they gotfourth quarter gdp revised slightly higher and avoid the technical two b back-to-back quarters. and this is a backdrop they can exit negative marks. the direction for the currency is the big question. >> it will be and the other question is, i mean, it's been one of the best markets for months and months in japan, best equity markets, you know, is it as good as it seems and can you actually
bank of japan before that really expected to have kind of a signature landmark move. what do you expect out of it and what are the market implications? >> we think the bank of japan has enough ammo to finally get out of negative rates and think they do that tomorrow. you've got really strong wage negotiations that are happening, so a lot of the big steel companies and big auto manufacturers have increased wages at some of the highest levels we've seen multidecade increase, largest labor...
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Mar 12, 2024
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. ♪ haidi: a survey of bank of japan watchers found that his slim majority still expect the end of negativeo come in april even as march bets grow. let's bring in a senior editor joining us from tokyo. we have had some pretty strong economic data coming in and we have had a signaling from bank of japan officials. >> it is extremely live. the breakdown right now is almost 50-50. the number looking for april has come down to 54% and those looking for a decision to move next week are now about dirty 8%. those numbers could increase. we are at the peak of the annual wage negotiations. those will culminate on friday with an announcement but we will get ribs and drives. every day we will have a hunch of unions giving us details. last night coda reported that softbank has agreed to give salary increases of 5.5% on average to its staff which is a new record. we are seeing a lot of anecdotal evidence pointing to strong wage increases this year. haidi: there is a lot more data that will be available before the april meeting. what are the expectations in terms of a move this month or next month? is th
. ♪ haidi: a survey of bank of japan watchers found that his slim majority still expect the end of negativeo come in april even as march bets grow. let's bring in a senior editor joining us from tokyo. we have had some pretty strong economic data coming in and we have had a signaling from bank of japan officials. >> it is extremely live. the breakdown right now is almost 50-50. the number looking for april has come down to 54% and those looking for a decision to move next week are now...
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Mar 20, 2024
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this is sort of the key question, what is the bank of japan care about more?ng growth at the expense of their currency or really trying to bring that under control more significantly? jonathan: we've had a move one way from the boj, will we get another move from the federal reserve? why the expected hold rates steady but investors are looking for update on the dot plot and summary of economic projections. bloomberg economics still expecting just three cuts this year despite a string of inflation prints. jay powell set to speak at 2:00 eastern time in that meeting, you will be there. what is the focus of this news conference going to be for you and others? >> i think most people are going to be looking to the idea of when did they cut and obviously if there is a change in the dot plot, does that signify something significant? there is talk that maybe the strong jobs numbers and cpi numbers will because they cut back from three rate cuts this year to two rate cut this year, so that will be the first thing that everybody looks at. it is kind of the same question
this is sort of the key question, what is the bank of japan care about more?ng growth at the expense of their currency or really trying to bring that under control more significantly? jonathan: we've had a move one way from the boj, will we get another move from the federal reserve? why the expected hold rates steady but investors are looking for update on the dot plot and summary of economic projections. bloomberg economics still expecting just three cuts this year despite a string of...
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Mar 11, 2024
03/24
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the yen still holding firm on these expectations of potentially a bank of japan move there.esday u.s. cpi data is seen as the biggest influence when it comes to the outlook for policy. we are seeing a rise previously when it comes to the dollar index for the first day in seven days. we also did get u.s. consumer expectations for inflation climbing in february as well. in the next hour we will get a global outlook. ubs global is with us ahead of the inflation print. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. >> this is "daybreak: asia." we are counting down to asia's major market op
the yen still holding firm on these expectations of potentially a bank of japan move there.esday u.s. cpi data is seen as the biggest influence when it comes to the outlook for policy. we are seeing a rise previously when it comes to the dollar index for the first day in seven days. we also did get u.s. consumer expectations for inflation climbing in february as well. in the next hour we will get a global outlook. ubs global is with us ahead of the inflation print. ♪ when i was your age, we...
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Mar 21, 2024
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what do investors want to hear from the bank of japan? homin: after this move, the bank of japan is unlikely to make additional adjustments. they just made a landmark decision in the march monetary policy meeting so it's natural for the central bank to put things on hold for a while and see how the economy reacts to it. market assessment is it was a dovish hike. in our view a well-managed dovish hike given it's the first change the country has seen for monetary policy in nearly a decade, especially for the negative interest rate policy. given it is a dovish hike, it's possible for markets to try to push the dollar-yen higher, and if that's the case in the near term, the momentum could remain positive. we are not ruling out another hike, we agree there is a possibility of another hike for the remainder of the year, especially if wage growth remains positive, which means eventually in the middle of the year you will see the improvement in real uncommon -- real income for households. excessive weakness in yen might trigger the bank of japan
what do investors want to hear from the bank of japan? homin: after this move, the bank of japan is unlikely to make additional adjustments. they just made a landmark decision in the march monetary policy meeting so it's natural for the central bank to put things on hold for a while and see how the economy reacts to it. market assessment is it was a dovish hike. in our view a well-managed dovish hike given it's the first change the country has seen for monetary policy in nearly a decade,...
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Mar 18, 2024
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to england to the bank of japan. let's talk about what's happening in the markets. we are in a bit of a holding pattern before the economic data hits the tape. the s&p still up on the day after a bit of a bummer of a week last week. no up around .9%. the semi index now up about 1.5%. we are going to talk about some mid-day movers on the equity side. looking at shares of nvidia ahead of the ceo's. speech this afternoon. hsbc raising its. rights target here. . up .4%. tesla will raise prices on all model why models by $1000 next month. it's making because i one of the biggest gainers in the s&p 500 up more than 5.5%. alphabet and apple are also major gainers in the s&p 500 today. this is on a school play are in talks to integrate -- on talks they are integrating capabilities. the ceo of barclays this year is still betting on rate cuts but just a little later than expected. >> the economy is stabilizing. employment is robust. inflation is coming down. on the balance, it might be more prudent to wait a little longer. our view and that of many others is more rate cuts th
to england to the bank of japan. let's talk about what's happening in the markets. we are in a bit of a holding pattern before the economic data hits the tape. the s&p still up on the day after a bit of a bummer of a week last week. no up around .9%. the semi index now up about 1.5%. we are going to talk about some mid-day movers on the equity side. looking at shares of nvidia ahead of the ceo's. speech this afternoon. hsbc raising its. rights target here. . up .4%. tesla will raise prices...
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Mar 28, 2024
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haidi: it certainly does not change the narrative that the bank of japan is not in a hurry.utioned and not wanting to take this too quickly. it feels more than ever that lift off is more symbolic than anything. you could argue this was the messaging they wanted to get across the entire time, not create too many le
haidi: it certainly does not change the narrative that the bank of japan is not in a hurry.utioned and not wanting to take this too quickly. it feels more than ever that lift off is more symbolic than anything. you could argue this was the messaging they wanted to get across the entire time, not create too many le