Bank of Japan (BOJ) Governor Kazuo Ueda is set to appear in parliament on Monday and Tuesday at 10AM to discuss monetary policy. Former BOJ board member Sakurai has indicated that the BOJ plans to taper its bond-buying program by ¥2 trillion per month, equivalent to $152 billion per year, and will forgo a rate hike in July, potentially delaying it until autumn or later. Prime Minister Fumio Kishida has emphasized that the government and the BOJ share the view that consumption lacks strength due to wage growth not keeping pace with inflation. Kishida also stated that the government has no plan to instruct the Government Pension Investment Fund (GPIF) to buy the BOJ's ETF holdings. Ueda has also stated that the BOJ will monitor foreign exchange moves and their impact on import prices, and he sees service prices continuing to rise moderately, reflecting wage increases. Ueda has highlighted the importance of increased consumer spending for economic recovery and noted that overall spending remains steady despite economic uncertainties.
BOJ Governor Ueda clarifies that rate hikes and bond purchases are separate issues, emphasizing BOJ's stance. #BOJ #news
UEDA: DON'T EXPECT ECONOMY TO FALL INTO STAGFLATION
Bank of Japan Governor Ueda has reported stable overall spending despite economic uncertainty. #BOJ #economy
*UEDA: DON'T EXPECT ECONOMY TO FALL INTO STAGFLATION Translation: stagflation assured
BOJ GOVERNOR UEDA: OVERALL SPENDING REMAINS STEADY
BOJ GOVERNOR UEDA: ECONOMY UNLIKELY TO ENTER STAGFLATION
Bank Japan Gov Ueda: Must be vigilant to impact of weak yen, import price moves on economy https://t.co/OmWFz1yfHT
BOJ GOVERNOR UEDA EMPHASIZES IMPORTANCE OF INCREASED CONSUMER SPENDING FOR ECONOMIC RECOVERY
BOJ GOVERNOR UEDA: DIFFICULT TO DETERMINE EVENTUAL SIZE OF BALANCE SHEET
Bank of Japan Governor Kazuo Ueda reiterated that an interest rate hike at next month’s policy board meeting is possible https://t.co/ewLoAsjETs
BOJ GOVERNOR UEDA: EXCESSIVE CONCERNS ABOUT BOJ FINANCES UNNECESSARY
Bank of Japan's Governor Ueda announced plans to exercise caution when determining bond purchases, citing economic uncertainties. #BankofJapan #GovernorUeda #BondPurchases
YEN SLIGHTLY STRENGTHENS AGAINST DOLLAR AS UEDA ADDRESSES PARLIAMENT
BOJ GOVERNOR UEDA: PLANS TO EXERCISE CAUTION WHEN DECIDING ON BOND PURCHASES
#BOJ Bank of Japan Gov #Ueda expects strengthening in Japan wage-price cycle - higher inflation https://t.co/fNsZlCXGS8
Bank of Japan's Head suggests a potential interest rate hike in July based on upcoming data analysis. #BOJ #InterestRates #JulyDecision
Bank of Japan Governor Ueda says chance we could raise interest rates at July meeting https://t.co/sQdRfHV8Kx
BOJ GOVERNOR UEDA: RATE HIKE AND BOND PURCHASES ARE DISTINCT MATTERS
BOJ GOVERNOR UEDA: WILL NOT SEND STRONG POLICY MESSAGE BY CUTTING JGB PURCHASES
BOJ GOVERNOR UEDA SEEKS PREDICTABILITY FOR BOND PURCHASES
BOJ GOVERNOR UEDA: DIFFICULT TO DETERMINE SCALE OF REDUCTION IN BOND PURCHASES NOW
SUZUKI AIMS TO SMOOTHLY ISSUE JAPANESE GOVERNMENT BONDS AND CONTROL COSTS
BOJ GOVERNOR UEDA AIMS TO BOOST MARKET INFLUENCE BY REDUCING BOND PURCHASES
BOJ Governor Ueda to closely monitor data on effects of wage talks. #BOJ #Governor #Ueda #Wages
JAPAN FINANCE MINISTER SUZUKI DOES NOT COMMENT ON BOJ JGB PURCHASES
BOJ GOVERNOR UEDA TO MONITOR DATA FOR EFFECTS OF WAGE NEGOTIATIONS
BOJ GOVERNOR UEDA SEES UNCERTAINTY IN EXPECTED PRICE INCREASE
BOJ GOVERNOR UEDA SEES ECONOMIC DATA IN LINE WITH EXPECTATIONS
BOJ GOVERNOR UEDA TO ADJUST DEGREE OF EASING AS NEEDED USING RATES
BOJ GOVERNOR UEDA TO CONDUCT APPROPRIATE POLICY ALIGNED WITH ECONOMIC CONDITIONS
Bank of Japan Gov Ueda expects strengthening in Japan wage-price cycle - higher inflation https://t.co/XRjtDCAIv3
BOJ GOVERNOR UEDA: MONITORING FX IMPACT ON ECONOMY AND INFLATION
BOJ GOVERNOR UEDA EXPECTS GRADUAL RISE IN PRICE TREND
GOVERNOR OF THE BANK OF JAPAN, HARUHIKO KURODA, EXPECTS STRENGTHENING OF WAGE-INCOME VIRTUOUS CYCLE
BOJ to forgo July rate hike, taper $152 bln per year, says ex-policymaker - Reuters https://t.co/7dR3O76JED
LANE: ECONOMY IS STARTING TO RECOVER FROM STAGNATION
JAPAN PM KISHIDA: BOJ HOLDS ETF HOLDINGS AS PART OF MONETARY POLICY GOAL OF ACHIEVING PRICE TARGET, UP TO BOJ TO DECIDE WHAT TO DO WITH THE HOLDINGS
⚠️ JAPAN PM KISHIDA: **GOVT HAS NO PLAN TO INSTRUCT, REQUEST GPIF TO BUY BOJ'S ETF HOLDINGS **BOJ HOLDS ETF HOLDINGS AS PART OF MONETARY POLICY GOAL OF ACHIEVING PRICE TARGET, UP TO BOJ TO DECIDE WHAT TO DO WITH THE HOLDINGS
JAPAN'S PM KISHIDA: BOJ HOLDS ETF HOLDINGS AS A PART OF THE MONETARY POLICY GOAL OF ACHIEVING THE PRICE TARGET, IT'S UP TO BOJ TO DECIDE WHAT TO DO WITH THE HOLDINGS.
⚠️ JAPAN PM KISHIDA: **GOVT, BOJ SHARE VIEW CONSUMPTION LACKS STRENGTH AS WAGE GROWTH FAILS TO CATCH UP TO PACE OF INFLATION **I HAVE REPEATEDLY SAID GOVT WILL WORK CLOSELY WITH BOJ **IMPORTANT TO CONVEY OUR STANCE THAT BOJ, GOVT WILL GUIDE POLICY FLEXIBLY TO PUT END TO…
JAPAN'S PM KISHIDA: IT'S IMPORTANT TO CONVEY OUR STANCE THAT THE BOJ & THE GOVERNMENT WILL GUIDE POLICY FLEXIBLY TO PUT AN END TO DEFLATION AND ACHIEVE SUSTAINABLE ECONOMIC GROWTH.
JAPAN'S PM KISHIDA: THE GOVERNMENT & BOJ SHARE THE VIEW THAT CONSUMPTION LACKS STRENGTH AS WAGE GROWTH FAILS TO CATCH UP TO THE PACE OF INFLATION.
JAPAN PM KISHIDA: IMPORTANT TO CONVEY OUR STANCE THAT BOJ, GOVT WILL GUIDE POLICY FLEXIBLY TO PUT END TO DEFLATION, ACHIEVE SUSTAINABLE ECONOMIC GROWTH
JAPAN PM KISHIDA: GOVT, BOJ SHARE VIEW CONSUMPTION LACKS STRENGTH AS WAGE GROWTH FAILS TO CATCH UP TO PACE OF INFLATION
⚠️ BOJ GOV UEDA: **SERVICE PRICES CONTINUE TO RISE MODERATELY REFLECTING WAGE RISES **WILL SCRUTINISE FX MOVES, IMPACT ON IMPORT PRICES
BOJ governor Ueda says will scrutinise FX moves, impact on prices https://t.co/5Md7k1KPIk
BOJ GOV UEDA: WILL SCRUTINISE FX MOVES, IMPACT ON IMPORT PRICES
BOJ GOV UEDA: SERVICE PRICES CONTINUE TO RISE MODERATELY REFLECTING WAGE RISES
BOJ'S GOVERNOR UEDA: I WILL SCRUTINISE FX MOVES AND THE IMPACT ON IMPORT PRICES.
BOJ'S GOVERNOR UEDA: SERVICE PRICES CONTINUE TO RISE MODERATELY, REFLECTING WAGE RISES.
Developing story from Reuters: former BoJ board member Sakurai sees monthly JGB buys reduced to 2 trillion, rate hike in autumn or later. https://t.co/Dad6gZdBwH
国債買い入れ減額、月2兆円が有力 利上げは秋以降=桜井元日銀審議委員 https://t.co/sfonxhlFxZ https://t.co/sfonxhlFxZ
BOJ to taper by Y2 trln per month, forgo July rate hike, says ex-policymaker https://t.co/wQQmStgjug https://t.co/3Lot9OAcWE
⚠️ BOJ TO TAPER BY Y2 TRLN PER MONTH, FORGO JULY RATE HIKE, SAYS EX-POLICYMAKER Full Story → https://t.co/3ulYGZtVOQ https://t.co/ENFCyt86H3
BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker https://t.co/U2dreK6eTI
Diary note - Bank of Japan Governor Ueda to appear in parliament Monday and Tuesday https://t.co/YgeP0R9BTt
BOJ GOVERNOR UEDA TO APPEAR IN PARLIAMENT ON TUESDAY AT 10AM