The Bank of Japan (BoJ) released its Quarterly Outlook Report, projecting a gradual rise in inflation to its target. The report highlighted a moderate recovery in Japan's economy, with a focus on maintaining monetary easing and adapting to developments. BoJ Governor Ueda emphasized the need for additional easing measures if necessary and closely monitoring financial and currency markets' impact on the economy and prices. The report also mentioned the stable financial system and the importance of intensifying the virtuous cycle between wages and prices. The BoJ maintained the short-term interest rate target at -0.1% and the 10-year JGB yield target around 0%. The report indicated high uncertainty over Japan's economy and prices, with a focus on monitoring the intensification of the virtuous cycle between wages and prices.
Bank of Canada may end quantitative tightening sooner after money market strains https://t.co/YUunHqlnua https://t.co/NE33cPPoTr
Heads Up:🇰🇷 GDP Growth Rate YoY Adv (Q4) due at 23:00 GMT (15min) Expected: 2.1% Previous: 1.4% https://t.co/pkFOzjm6uT
Bank of Canada holds rates, says policy talks shift toward when to cut https://t.co/wkZZ2GtV3o https://t.co/y10OTb0LKq
The Bank of Canada held its key overnight rate at 5%
Bank of Canada seen keeping rates on hold as inflation remains above target https://t.co/w5TT4XlqA3 https://t.co/H8F3H6QnZ3
BOC Keeps Rates Unchanged At 5% As Expected, Signals End Of Rate Hikes https://t.co/CKB8IBtrGO
Canada maintained the policy rate at 5% again. They were never going to go higher due to variable rate mortgages here — but, we’re certainly feeling the higher for longer. Plenty of cuts were hoped for, but so far policy makers continue to telegraph a long term rate here… https://t.co/xWKEUZ1EeH
BoC Monetary Policy Report, January 2024- Full Report https://t.co/3baCk8peCP https://t.co/0e4FxKAoMs
The Bank of Canada held its policy rate steady for a fourth consecutive meeting and explicitly stated that it won't need to increase it again if the economy evolves in line with its forecasts https://t.co/64RxyLHINh
BoC: Revises 2024 CPI Forecast To 2.8% From 3%; Sees 2.2% in ‘25 - Revises GDP Forecast Down To 0.8% In 2024, 2.4% in 2025
🔴 BOC: WE REMAIN CONCERNED THAT UPSIDE RISKS COULD MATERIALIZE AND CAUSE INFLATION TO REMAIN ABOVE TARGET FOR LONGER THAN EXPECTED.
🔴 BOC REVISES 2023 GROWTH FORECAST DOWN TO 1.0% (VS 1.2% IN OCTOBER), 0.8% IN 2024 (VS 0.9%), 2.4% IN 2025 (VS 2.5%).
🔴 BOC: Q4 2023 OUTPUT GAP IS ESTIMATED TO BE BETWEEN -0.25% AND -1.25%; POTENTIAL OUTPUT IS EXPECTED TO INCREASE BY ABOUT 2% ON AVERAGE OVER 2023 TO 2025.
Bank of Canada maintains policy rate, continues quantitative tightening https://t.co/GlP0DsXUWv #economy #cdnecon
🔴 BOC: ANNUALIZED Q3 GDP SEEN AT -1.1% (VS +0.8% IN OCTOBER), Q4 0.0% (VS 0.8%), Q1 2024 0.5%.
🔴 BOC: IF WAGES CONTINUE TO GROW IN 4-5% RANGE AND PRODUCTIVITY GROWTH REMAINS WEAK, INFLATIONARY PRESSURES COULD INCREASE.
🔴 BOC: INFLATION SEEN AT AROUND 3% THROUGH H1 2024, EASING TO 2.5% IN H2, AND RETURNING TO 2% TARGET IN 2025; IN OCTOBER IT SAID IT WOULD HIT TARGET BY END-2025.
⚠️ BANK OF CANADA HOLDS RATES, SAYS POLICY TALKS SHIFT TOWARD WHEN TO CUT (Reuters) The Bank of Canada (BoC) held its key overnight rate at 5% on Wednesday and said while underlying inflation was still a concern, the bank's focus is shifting to when to cut borrowing costs… https://t.co/rhqecKfNxU
🔴 BOC: CANADIAN GROWTH LIKELY TO REMAIN CLOSE TO ZERO THROUGH Q1 2024, WILL GRADUALLY STRENGTHEN AROUND MIDDLE OF 2024.
🔴 BOC: WE EXPECT INFLATION TO REMAIN CLOSE TO 3% IN FIRST HALF OF 2024, RETURNING TO 2% TARGET IN 2025.
🔴 BOC REPEATS: WE WANT TO SEE FURTHER AND SUSTAINED EASING IN CORE INFLATION, WILL FOCUS ON BALANCE BETWEEN DEMAND AND SUPPLY, INFLATION EXPECTATIONS, WAGE GROWTH AND CORPORATE PRICING BEHAVIOR.
#BREAKING: Bank of Canada maintains interest rates at 5% for fourth meeting in a row
🇨🇦 BoC Interest Rate Decision Actual: 5% Expected: 5% Previous: 5% https://t.co/pkFOzjm6uT
Bank Of Canada Leaves The Overnight Rate Unchanged At 5.00%; As Expected
🇨🇦 Canada BoC Interest Rate Decision $CAD Actual: 5.00% Expected: 5.00% Previous: 5.00%
Heads Up:🇨🇦 BoC Interest Rate Decision due at 14:45 GMT (15min) Expected: 5% Previous: 5% https://t.co/pkFOzjm6uT
Heads Up:🇨🇦 BoC Monetary Policy Report due at 14:45 GMT (15min) https://t.co/pkFOzjm6uT
WATCH LIVE: Bank Of Canada Monetary Policy Press Conference (GMT 15:30) https://t.co/LBtqvMdMmk
🔴 TRADE BOC INTEREST RATE WITH US AT 9:15 AM ET LIVE! https://t.co/Jw3NHlbOR9
The Japanese yen is rising against the dollar this morning after yesterday's meeting of the BOJ hinted it could reach its inflation target soon and therefore end its Yield Curve Control policy in March or April.
Heads Up:🇲🇽 Economic Activity YoY (Nov) due at 12:00 GMT (15min) Expected: 3.2% Previous: 4.2% https://t.co/pkFOzjm6uT
⚠️ BANK OF CANADA SEEN KEEPING RATES ON HOLD AS INFLATION REMAINS ABOVE TARGET (Reuters) The Bank of Canada (BoC) is expected to keep its overnight rate on hold on Wednesday when it also releases new inflation and growth forecasts that should provide insight into the central…
Heads Up:🇵🇱 Unemployment Rate (Dec) due at 09:00 GMT (15min) Expected: 5.1% Previous: 5% https://t.co/pkFOzjm6uT
🇿🇦 Inflation Rate MoM (Dec) Actual: 0% Expected: 0.1% Previous: -0.1% https://t.co/pkFOzjm6uT
10-Year JGB Yield Rises 10Bps On Repriced Rate-Hike Odds
🔴 JAPAN'S 10-YEAR YIELD UP 10BPS AS RATE-HIKE EXPECTATIONS REVISED
🇦🇺 Australia MI Leading Index (MoM) (Dec) $AUD Actual: -0.0% Previous: 0.1%
🇦🇺 Westpac Leading Index MoM (Dec) Actual: 0.01% Previous: 0.1% https://t.co/pkFOzjm6uT
🇯🇵 Japan Adjusted Trade Balance $JPY Actual: -0.35T 🟢 Expected: -0.45T Previous: -0.41T
🇯🇵 Balance of Trade (Dec) Actual: ¥62.1B Expected: ¥-122.1B Previous: ¥-780.4B https://t.co/1l6L5jI9ex
🇯🇵 Japan Trade Balance (Dec) $JPY Actual: 62.1B 🟢 Expected: -122.1B Previous: -776.9B
Heads Up:🇯🇵 Balance of Trade (Dec) due at 23:50 GMT (15min) Expected: ¥-122.1B Previous: ¥-776.9B https://t.co/1l6L5jI9ex
The Bank of Japan said that conditions for phasing out its huge stimulus were falling into place, suggesting that an end to negative interest rates was nearing. Read more: https://t.co/ZA361tfKWb https://t.co/G10kJNabux
The Bank of Canada is likely to keep interest rates unchanged on Wednesday, but tweak its messaging as it considers when to start loosening monetary policy https://t.co/134wneUIbz
The Bank of Japan said that conditions for phasing out its huge stimulus were falling into place, suggesting that an end to negative interest rates was nearing https://t.co/OKBrRBr7z4 https://t.co/G0IioNyY68
Been saying this for 6 months... The case is building for the Bank of Japan to increase interest rates at its April meeting, as investors tighten their focus on the outcome of spring wage negotiations, according to strategists https://t.co/TJfgYfP7vh via @economics
BOJ Needs More Inflation Certainty to End Negative Rates in April: Wakatabe Published on 12:03 AM @marcmakingsense analysis today underscores what former @BOJ Wakatabe told me last night. Here's link to my interview/podcast/video https://t.co/owU3ozhdBd https://t.co/QhELC9e8kB
🇨🇦 New Housing Price Index YoY (Dec) Actual: -0.9% Previous: -0.9% https://t.co/1l6L5jI9ex
🇨🇦 Canada New Housing Price Index (MoM) (Dec) $CAD Actual: 0.0% Expected: 0.0% Previous: -0.2%
Heads Up:🇨🇦 New Housing Price Index YoY (Dec) due at 13:30 GMT (15min) Previous: -0.9% https://t.co/1l6L5jI9ex
BOJ Edges Closer to Rate Hike While Keeping Timing Options Open - BBG https://t.co/ZUARBHh5Mt
What do you think, traders? 📈📉 Tell us when you think #BoJ will exit negative interest rates after holding steady in today's meeting.
🔴 JAPAN'S TOP FINANCIAL DIPLOMAT KANDA WHEN ASKED ABOUT BOJ POLICY DECISION: WE WILL DEAL WITH MARKET APPROPRIATELY.
Singapore Dec core inflation at 3.3% y/y https://t.co/twmZ9gunfI https://t.co/QJT3UoM9GK
Bank of Japan's Ueda says it's getting closer to achieving sustainable inflation https://t.co/tkyBaYgQqm
🔴 BOJ WATCHERS SEE RISING CASE FOR APRIL RATE HIKE ON WAGE TALKS.
BOJ Governor Ueda's comments at news conference https://t.co/Jm2EDvPjSd https://t.co/MtgbLrp5vq
🔴 BOJ'S GOVERNOR UEDA: WE CAN'T SAY NOW HOW LONG EASY POLICY WILL REMAIN AFTER NEGATIVE INTEREST RATE POLICY ENDS.
🔴 BOJ'S GOVERNOR UEDA: WE DON'T HAVE PRECONCEIVED ORDER OF POLICY STEPS WHEN CHANGING POLICY.
⚠️ JUST IN: *BOJ KEEPS ULTRA-LOW INTEREST RATES AS EXPECTED, MAINTAINS DOVISH STANCE $JPY 🇯🇵🇯🇵 https://t.co/gQjtJX8HfG
🔴 BOJ'S GOVERNOR UEDA: WE'RE GOING TO AVOID DISCONTINUITY OVER LONG-TERM JGB BUYING AT EXIT.
🔴 BOJ'S GOVERNOR UEDA: EXPECTATIONS FOR SOFT LANDING IN THE US ECONOMY ARE GROWING.
⚠️ JUST IN: *BANK OF JAPAN RATE DECISION: -0.10%; EST. -0.10%; PREV. -0.10% 🇯🇵🇯🇵 https://t.co/98PkBh5SLr
🔴 BOJ'S GOVERNOR UEDA: THE CONSIDERATION OF WHETHER TO CONTINUE ETF BUYING IS SEPARATE ISSUE FROM WHETHER TO SELL.
🔴 BOJ GOVERNOR UEDA DISCUSSES USING ECONOMIC DATA FOR WAGES AT SMALL FIRMS
🔴 BOJ GOVERNOR UEDA: NO REQUIREMENT FOR ALL SMES TO INCREASE WAGES SIGNIFICANTLY FOR POLICY CHANGE
🔴 BOJ GOVERNOR UEDA: NO SIGNIFICANT MACROECONOMIC IMPACT FROM NOTO PENINSULA EARTHQUAKE CURRENTLY
🔴 BOJ GOVERNOR UEDA: MORE DATA AVAILABLE AT APRIL POLICY MEETING COMPARED TO MARCH
🔴 BOJ GOVERNOR UEDA EXPECTS ACCOMMODATIVE CONDITIONS TO PERSIST FOR SOME TIME
🔴 BOJ GOVERNOR UEDA: SERVICES INFLATION SHOWS GRADUAL RISE EVEN AFTER EXCLUDING OBVIOUSLY TEMPORARY FACTORS
🔴 EXPECT BOJ TO COLLABORATE CLOSELY WITH GOVERNMENT, IMPLEMENT SUITABLE MONETARY POLICY TO ACHIEVE ITS PRICE GOAL SUSTAINABLY AND STABLY WHILE SUPPORTING WAGE GROWTH.
🔴 BOJ GOVERNOR UEDA SAYS OUTPUT GAP DOESN'T NEED TO TURN POSITIVE TO ACHIEVE INFLATION TARGET
BoJ’s Ueda: Can't Quantify How Much Closer We Are To Exiting Negative Rate Policy
🔴 BOJ GOVERNOR UEDA: NO WAY TO MEASURE HOW CLOSE WE ARE TO ENDING NEGATIVE RATES
🔴 BOJ GOVERNOR UEDA SAYS IMPORT PRICES' IMPACT CONTINUES, BUT IT IS PAST ITS PEAK
🔴 BOJ GOVERNOR UEDA TO CLOSELY MONITOR EARTHQUAKE'S IMPACT ON SUPPLY CHAINS, TOURISM, AND CONSUMER CONFIDENCE
🔴 BOJ GOVERNOR UEDA NOTES INCOMPLETE UNDERSTANDING OF ECONOMIC IMPACT OF NOTO PENINSULA EARTHQUAKE
BoJ’s Ueda: To Mull If Negative Rate Should Be Kept If Price Goal In Sight - Confirmed That Economy Is Progressing In Line With Our Forecast
BoJ’s Ueda: Certainty For BoJ’s Outlook Is Rising Gradually - Uncertainties Are High For Price Outlook - Won't Hesitate To Take Additional Easing Measures If Necessary
🔴 BOJ GOVERNOR UEDA: PREPARED TO TAKE ADDITIONAL EASING MEASURES IF NEEDED
🔴 GOVERNOR UEDA OF BOJ: MUST MONITOR FINANCIAL AND FX MARKET IMPACT ON JAPAN'S ECONOMY AND PRICES
The case is building for the Bank of Japan to increase interest rates at its April meeting, as investors tighten their focus on the outcome of spring wage negotiations, according to strategists https://t.co/puVHcLdj1l
🔴 BOJ GOVERNOR UEDA HOLDS NEWS CONFERENCE: WATCH LIVE ON SOURCE INSIDER (JAPANESE LANGUAGE)
Singapore’s core inflation unexpectedly picked up pace in December, signaling that price pressures in the city-state remain persistent https://t.co/GnX1zNmSda
⚠️ SINGAPORE DEC CORE INFLATION AT 3.3% Y/Y (Reuters) Singapore's key consumer price gauge rose 3.3% in December on a yearly basis, official data showed on Tuesday. The core inflation rate - which excludes private road transport and accommodation costs - was above the 3.1%… https://t.co/P5sD29GoPL
BOJ Needs More Inflation Certainty to End Negative Rates in April: Wakatabe Former BOJ Deputy Governor Sees "Two Japans" in Play now https://t.co/UkOdW1uXEW
🇯🇵 Japan BoJ Core CPI (YoY) $JPY Actual: 2.6% 🔴 Expected: 2.8% Previous: 2.7%
🇸🇬 Singapore CPI (YoY) (Dec) $SGD Actual: 3.7% 🟢 Expected: 3.5% Previous: 3.6%
🇸🇬 Singapore Core CPI (YoY) (Dec) $SGD Actual: 3.30% 🟢 Expected: 3.10% Previous: 3.20%
No hike from the BoJ tonight as the central bank cut its inflation forecast from 2.8% to 2.4% https://t.co/rpEoOiiIQn
BoJ Rate Decision Actual -0.10%, Forcast - 0.10%, Previous - 0.10%
The Bank of Japan kept its monetary policy settings steady while offering no clear hints as to the timing for a potential end of the negative interest rate https://t.co/G3UpfVEMWV
🔴 BOJ: WE WILL KEEP EASING PATIENTLY FOR PRICE GOAL WITH WAGE GAINS.
⚠️ BOJ KEEPS ULTRA-LOOSE POLICY INTACT, CUTS INFLATION FORECAST Full Story → https://t.co/VR1b6RLlXf https://t.co/QFuE9fKwcW
WATCH LIVE: BoJ Governor Ueda To Hold Press Conference Following MonPol Announcement Approx. 06:20 GMT $USDJPY https://t.co/SZWS7WqAMJ
🔴 BOJ: BOARD'S CORE CPI FISCAL 2025 MEDIAN FORECAST AT +1.8% VS +1.7% IN OCTOBER.
🔴 BOJ: BOARD'S CORE CPI FISCAL 2024 MEDIAN FORECAST AT +2.4% VS +2.8% IN OCTOBER.
🔴 BOJ REPORT: WAGES AND INFLATION ON THE RISE
🔴 JAPAN'S OUTPUT GAP IMPROVING, EXPECTED TO GRADUALLY EXPAND AHEAD: BOJ REPORT
🔴 INFLATION EXPECTED TO GRADUALLY REACH BOJ'S TARGET BY END OF PROJECTED PERIOD: QUARTERLY REPORT
🔴 BOJ REPORT: MODERATE INCREASE IN CONSUMPTION CONTINUES.
🔴 BOJ REPORT: CORE CONSUMER INFLATION FALLS BELOW 2.5%, ATTRIBUTED TO MODERATE INCREASE IN SERVICE CHARGES.
BoJ Maintain Short-Term Interest Rate Target At -0.1% - Maintains 10-Year #JGB Yield Target Around 0% - Keeps Upper Bound Reference On Long-Term Yields At 1% $USDJPY
🔴 BOJ QUARTERLY REPORT: VIGILANCE NEEDED FOR FINANCIAL AND FX MARKET MOVES AND THEIR IMPACT ON JAPAN'S ECONOMY AND PRICES.
🔴 BOJ QUARTERLY REPORT: JAPAN'S ECONOMY ANTICIPATED TO MAINTAIN MODERATE RECOVERY
🔴 BOJ QUARTERLY REPORT: JAPAN'S FINANCIAL SYSTEM REMAINS STABLE OVERALL
🔴 BOJ QUARTERLY REPORT: CONTINUES MONETARY EASING WHILE ADAPTING TO DEVELOPMENTS
🔴 BOJ CLOSELY WATCHING RISKS, EXPECTS VIRTUOUS CYCLE OF WAGES AND PRICES TO STRENGTHEN AHEAD.
🔴 BOJ QUARTERLY REPORT: ADDITIONAL EASING STEPS POSSIBLE IF NECESSARY
🔴 BOJ QUARTERLY REPORT: WILL CONTINUE WITH QQE AND YCC AS LONG AS NEEDED
🔴 BOJ: RISKS BALANCED FOR ECONOMY AND PRICES UP AND DOWN
🔴 BOJ QUARTERLY REPORT: MONITORING INTENSIFICATION OF VIRTUOUS CYCLE BETWEEN WAGES AND PRICES
🔴 BOJ: NEED TO CLOSELY MONITOR FINANCIAL AND CURRENCY MARKETS AND THEIR IMPACT ON JAPAN'S ECONOMY AND PRICES
🔴 BOJ QUARTERLY REPORT: ECONOMIC RISKS REMAIN GENERALLY BALANCED
🔴 BOJ QUARTERLY REPORT SEES HIGH UNCERTAINTY OVER JAPAN'S ECONOMY AND PRICES
🔴 BANK OF JAPAN: BOARD'S CORE CPI FISCAL 2023 MEDIAN FORECAST REMAINS AT +2.8% COMPARED TO +2.8% IN OCT.
🔴 BOJ BOARD EXPECTS CORE CPI TO REACH 3.8% BY FISCAL 2023, UNCHANGED FROM OCTOBER FORECAST
🔴 BOJ KEEPS 10-YEAR JGB YIELD TARGET AT APPROXIMATELY 0%
🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1% https://t.co/1l6L5jI9ex
Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min) https://t.co/1l6L5jI9ex