Bank of Japan (BOJ) Governor Uchida and other officials expressed the central bank's cautious approach towards rate hikes, driven by cost-push factors and exceeding 2% consumer inflation. Uchida mentioned a possible review of massive stimulus if the price target is achieved sustainably. He also expects service prices to rise alongside wage increases and emphasized the importance of annual wage bargains in determining a positive economic cycle. Uchida believes the likelihood of sustained achievement of the price target is gradually increasing, and the future rate path depends on economic and price developments at the time. Additionally, Uchida sees hopeful signs of rising prices leading to higher wage growth. The real interest rate is in deep negative territory, and monetary conditions are very accommodative according to Uchida, who doesn't expect this to change in a significant way and finds it hard to imagine a path of continuous rate hikes.
π΄ JAPAN'S FINANCE MINISTER VOWS TO MANAGE DEBT APPROPRIATELY
π΄ JAPAN'S FINANCE MINISTER EXPECTS BOJ TO MAINTAIN CLOSE CONTACT WITH THE GOVERNMENT TO GUIDE MONETARY POLICY APPROPRIATELY
π΄ JAPAN'S FINANCE MINISTER SUZUKI LEAVES MONETARY POLICY DECISIONS TO BOJ, GOVERNMENT REFRAINS FROM COMMENTING
π΄ JAPAN'S FINANCE MINISTER, SUZUKI, DEFERS DECISION ON SPECIFIC MONETARY POLICY TO BOJ
π΄ JAPAN'S FINANCE MINISTER SUZUKI CLOSELY MONITORS FOREIGN EXCHANGE MOVEMENTS
π΄ JAPAN'S FINANCE MINISTER SUZUKI EMPHASIZES STABILITY IN CURRENCY MOVEMENT REFLECTING FUNDAMENTALS
π΄ JAPAN'S FINANCE MINISTER SUZUKI DOES NOT COMMENT ON DAY-TO-DAY FOREX LEVELS
π΄ BOJ UCHIDA BELIEVES LIKELIHOOD OF SUSTAINED ACHIEVEMENT OF PRICE TARGET GRADUALLY INCREASING
π΄ BOJ UCHIDA SEES HOPEFUL SIGNS OF RISING PRICES LEADING TO HIGHER WAGE GROWTH
π΄ BOJ GOVERNOR UCHIDA BELIEVES LIKELIHOOD OF SUSTAINED ACHIEVEMENT OF PRICE TARGET GRADUALLY INCREASING
π΄ BOJ GOVERNOR UCHIDA: ANNUAL WAGE BARGAINS CRUCIAL IN DETERMINING POSITIVE ECONOMIC CYCLE
π΄ BOJ GOVERNOR UCHIDA SEES HOPEFUL SIGNS OF RISING PRICES LEADING TO HIGHER WAGE GROWTH
BoJβs Uchida: Rate Path Depends On Economy, Inflation - Press Conference - Doesnβt Think BoJ Has Fallen Behind The Curve
π΄ UCHIDA, BOJ DEPUTY GOV: FOCUS ON PACE OF INFLATION EXPECTATIONS AND PRICE DYNAMISM INCLUDING WAGES
π΄ UCHIDA: FUTURE RATE PATH DEPENDS ON ECONOMIC, PRICE DEVELOPMENTS AT THE TIME
BOJ Exec Director Shimizu: Accommodative conditions would persist even without negative rates. BOJ Deputy Governor Uchida: "The Bank would, I think, maintain accommodative financial conditions even if the termination were to take place." 2 weeks ago, I wrote the thread π https://t.co/rW4uBKoRo9 https://t.co/IZf16nSCd2
BoJ's Uchida: Real Interest Rate Is In Deep Negative Territory, Monetary Conditions Are Very Accommodative - We Don't Expect This To Change In A Big Way - Certainty For Achieving Price Target Is Rising Gradually - Hard To Imagine A Path Of Continuous Rate Hikes - Japanβs Economicβ¦
π΄ BOJ GOVERNOR UCHIDA EXPECTS SERVICE PRICES TO RISE ALONGSIDE WAGE INCREASES
π΄ BOJ GOVERNOR UCHIDA: ENDING ETF AND J-REIT BUYING IF 2% INFLATION IS FORESEEABLE
π΄ BOJ'S UCHIDA PLANS COMMUNICATION STRATEGY FOR BOND BUYING AFTER YCC ADJUSTMENTS
π΄ BOJ GOVERNOR UCHIDA: FOCUS SHOULD BE ON FUTURE SHORT-TERM RATE PATH FOR INFLATION TARGET
π΄ BOJ GOVERNOR UCHIDA: RETURN TO THAT SITUATION EQUALS 0.1% INTEREST RATE HIKE.
π΄ BOJ GOVERNOR, UCHIDA: REVIEW OF MASSIVE STIMULUS POSSIBLE IF PRICE TARGET ACHIEVED SUSTAINABLY
π΄ BOJ GOVERNOR UCHIDA: CONSUMER INFLATION EXCEEDS 2%, BUT DRIVEN BY COST-PUSH FACTORS
π΄ BOJ GOVERNOR UCHIDA BELIEVES UNCERTAINTY OVER THE OUTLOOK REMAINS HIGH, BUT THE LIKELIHOOD OF SUSTAINABLY ACHIEVING THEIR PRICE TARGET IS GRADUALLY INCREASING.
π΄ BOJ DEPUTY GOVERNOR UCHIDA: BOJ TO MAINTAIN CAUTIOUS APPROACH TOWARDS RATE HIKES
π΄ BOJ EXECUTIVE DIRECTOR SHIMIZU: COST-PUSH FACTORS DRIVING INFLATION THUS FAR.
π΄ JAPAN'S PRIME MINISTER KISHIDA: BOJ SHOULD CONSIDER GOVERNMENT'S ECONOMIC POLICY WHEN MAKING MONETARY POLICY DECISIONS
π΄ JAPAN'S PRIME MINISTER KISHIDA AIMS FOR STABLE WAGE GROWTH, MODERATED INFLATION TO END DEFLATION AND CREATE A POSITIVE ECONOMIC CYCLE
π΄ JAPAN'S PRIME MINISTER KISHIDA: MONETARY POLICY DECISION UP TO BOJ
β οΈ JAPAN FINANCE MINISTER SUZUKI: EXPECTS BOJ TO WORK WITH GOVT ON INFLATION TARGET Full Story β https://t.co/RcdfltNJYX https://t.co/nht6XYJboX
π΄ JAPAN'S FINANCE MINISTER SUZUKI EXPECTS BOJ TO COOPERATE WITH GOVERNMENT TO ATTAIN INFLATION TARGET
π΄ JAPAN'S FINANCE MINISTER SUZUKI EXPECTS BOJ TO GUIDE POLICY TOWARDS ACHIEVING A STABLE AND SUSTAINABLE 2% INFLATION TARGET.