Japanese Finance Minister Shunichi Suzuki and Bank of Japan officials express concerns over the weak yen and potential adverse impacts on the economy. Suzuki emphasizes readiness to take bold action against excessive currency moves. BOJ Governor Ueda highlights the importance of coordinating monetary policy and expects positive wage-inflation cycles to strengthen. Officials discuss the need for gradual policy normalization and the impact of foreign exchange movements on the economy.
🔴 CABINET OFFICE REPRESENTATIVE: BOJ MUST CONTINUE SUPPORTING ECONOMY THROUGH MONETARY POLICY
BoJ’s Summary Of Opinions At The Monetary Policy Meeting https://t.co/GNewFq6cFy
🔴 BOJ SUMMARY: MEMBER SAYS IT'S TOO EARLY TO DETERMINE IF THE MAIN FACTOR BEHIND RECENT RISE IN SERVICE PRICES IS THE PASS-THROUGH OF RISING LABOR COSTS.
BOJ SUMMARY: ONE MEMBER SAID HIGHLY LIKELY THAT MECHANISM BEHIND PRICE DEVELOPMENTS WILL BE CONSISTENT WITH PRICE TARGET
BOJ SUMMARY: ONE MEMBER SAID VIRTUOUS CYCLE BETWEEN WAGES AND PRICES HAS BECOME MORE SOLID
🔴 BOJ SUMMARY: MECHANISM BEHIND PRICE DEVELOPMENTS HIGHLY LIKELY TO BE CONSISTENT WITH PRICE TARGET, SAYS MEMBER.
BOJ SUMMARY: ONE MEMBER SAID JAPAN'S LOW NATURAL RATE OF INTEREST, LAGGED EFFECT OF MONETARY POLICY MAY BE BEHIND SLOW RECOVERY PACE OF ECONOMY
🔴 BOJ SUMMARY: VIRTUOUS CYCLE BETWEEN WAGES AND PRICES BECOMES MORE SOLID, SAYS ONE MEMBER.
BOJ SUMMARY: ONE MEMBER SAID IMPORTANT TO MAKE USE OF EXPECTED OUTCOME FROM BOJ'S POLICY REVIEW IN FUTURE POLICY GUIDANCE
🔴 BOJ SUMMARY: SLOW ECONOMIC RECOVERY MAY BE DUE TO JAPAN'S LOW NATURAL INTEREST RATE AND LAGGED EFFECT OF MONETARY POLICY, ACCORDING TO A BOJ MEMBER.
BOJ SUMMARY: ONE MEMBER SAID CHANGING POLICY NOW COULD DELAY ACHIEVEMENT OF BOJ'S PRICE TARGET
BOJ SUMMARY: ONE MEMBER SAID ENDING YCC AND NEGATIVE RATE SIMULTANEOUSLY COULD CAUSE DISRUPTION IN LONG-TERM RATE, FINANCIAL ENVIRONMENT
BOJ SUMMARY: ONE MEMBER SAID APPROPRIATE TO REVISE POLICY AFTER CONFIRMING THAT SMALLER FIRMS ARE ABLE TO SUFFICIENTLY HIKE WAGES
BOJ SUMMARY: ONE MEMBER SAID APPROPRIATE TO GIVE SOME ROOM FOR ALLOWANCE IN BOJ'S BOND BUYING OPERATION
BOJ SUMMARY: ONE MEMBER SAID FUTURE POLICY GUIDANCE VERY IMPORTANT SO THAT BOJ CAN SLOWLY BUT STEADILY PROCEED WITH POLICY NORMALISATION
BOJ SUMMARY: ONE MEMBER SAID CHANCE OF POLICY SHIFT CAUSING BIG MARKET VOLATILITY IS SMALL
🔴 BOJ SUMMARY: MEMBER EMPHASIZES USING EXPECTED OUTCOME OF POLICY REVIEW FOR FUTURE GUIDANCE
🔴 BOJ SUMMARY: MEMBER WARNS CHANGING POLICY COULD DELAY PRICE TARGET ACHIEVEMENT.
🔴 BOJ SUMMARY: ENDING YIELD CURVE CONTROL AND NEGATIVE RATES SIMULTANEOUSLY COULD CAUSE DISRUPTION IN LONG-TERM RATES AND THE FINANCIAL ENVIRONMENT, ACCORDING TO ONE MEMBER.
🔴 BOJ SUMMARY: MEMBER SUGGESTS REVISING POLICY AFTER CONFIRMING SMALLER FIRMS CAN RAISE WAGES SUFFICIENTLY.
BOJ SUMMARY: ONE MEMBER SAID SHIFTING TO 'NORMAL' MONETARY EASING IS POSSIBLE WITHOUT CAUSING SHORT-TERM SHOCKS, MAY HAVE POSITIVE IMPACT ON ECONOMY IN MEDIUM-, LONG-TERM PERSPECTIVE
🔴 BOJ SUMMARY: MEMBER SUGGESTS ALLOWING FOR SOME ROOM IN BOND BUYING OPERATION
🔴 BOJ MEMBER EMPHASIZES IMPORTANCE OF FUTURE POLICY GUIDANCE FOR STEADY NORMALISATION PROGRESS
🔴 BOJ MEETING SUMMARY: MEMBER SEES SMALL MARKET VOLATILITY RISK FROM POLICY SHIFT
🔴 BOJ MEMBER SUGGESTS "NORMAL" MONETARY EASING MAY BE POSSIBLE WITHOUT SHORT-TERM SHOCKS, WITH POSITIVE IMPACT IN MEDIUM- AND LONG-TERM PERSPECTIVE
BOJ SUMMARY: ONE MEMBER SAID BOJ MUST GUIDE MONETARY POLICY USING SHORT-TERM RATE AS MAIN POLICY MEANS, IN ACCORDANCE TO ECONOMIC, PRICE AND FINANCIAL DEVELOPMENTS
🔴 BOJ MEMBER SUGGESTS SHORT-TERM RATES AS MAIN POLICY MEANS IN RESPONSE TO ECONOMIC, PRICE, AND FINANCIAL DEVELOPMENTS.
BOJ MARCH MEETING SUMMARY OF OPINIONS: ONE MEMBER SAID YCC, NEGATIVE RATE AND OTHER MASSIVE STIMULUS TOOLS HAVE ACCOMPLISHED THEIR ROLES
🔴 BOJ MARCH MEETING SUMMARY OF OPINIONS: YCC, NEGATIVE RATES, AND OTHER MASSIVE STIMULUS TOOLS HAVE ACCOMPLISHED THEIR ROLES, ACCORDING TO ONE MEMBER.
Heads Up:🇯🇵 BoJ Summary of Opinions due at 23:50 GMT (15min) https://t.co/IWr1kuqT5B
Japan's three main monetary authorities held an emergency meeting to discuss the weak yen, as the Japanese currency hit a 34-year low against the US dollar https://t.co/iOnGkFh3DE https://t.co/eHiRLI3Pg5
Reported by @pboockvar: "The tough talk on yen intervention took another amp up today. A few days ago we heard some verbal intervention from the deputy finance minister and the market yawned. Today the finance minister himself Shunichi Suzuki said 'We are watching market…
Expectations are building that authorities in Japan are willing to directly enter the market to prop up the currency after it fell to a 34-year low https://t.co/GhoRLxzMuR
Japan signalling (unsurprisingly) that the MoF is ready to intervene to support the yen https://t.co/uv4hLJz7vv
Japan authorities confer on sliding yen, hint at intervention https://t.co/CInAKlWLwu
Japan’s top currency official said authorities are prepared to take action against speculative moves after the yen plunged to a 34-year low https://t.co/dcUzEKzAlK
Japanese monetary authorities confer on weak yen, hint at intervention option https://t.co/un2EQTp9qy
JAPAN TOP CURRENCY DIPLOMAT KANDA: BOJ OFFICIAL SAID THAT IF FOREX MARKET MOVES AFFECT ECONOMY, PRICE TRENDS, CENTRAL BANK WOULD RESPOND THROUGH MONETARY POLICY
Jawboning on steroids from #Japan now… WATCHING FOREX WITH HIGH LEVEL OF URGENCY, CANNOT TOLERATE SPECULATIVE MOVES - Kanda WILL TAKE APPROPRIATE ACTION AGAINST EXCESSIVE MOVES, NOT RULING OUT ANY ACTIONS REGARDING FOREX - Kanda https://t.co/vbf740MIIE https://t.co/yX81SbbCXR
🔴 JAPAN'S TOP CURRENCY DIPLOMAT KANDA: I DON'T CONSIDER A 4% MOVE IN A SPAN OF 2 WEEKS A MILD MOVE.
KANDA: WATCHING FOREX WITH HIGH LEVEL OF URGENCY, CANNOT TOLERATE SPECULATIVE MOVES. WILL TAKE APPROPRIATE ACTION AGAINST EXCESSIVE MOVES, NOT RULING OUT ANY ACTIONS REGARDING FOREX https://t.co/oXnAbsLHxg
JAPAN FINMIN SUZUKI SAYS WON'T SAY ANYTHING WHEN ASKED WHETHER MOF WOULD CONDUCT STEALTH FX INTERVENTION
JAPAN FINMIN SUZUKI DECLINES TO COMMENT WHEN ASKED IF DECISIVE ACTION MEANS INTERVENTION
JAPAN FINMIN SUZUKI: IF ANY EXCESSIVE MOVES WE WILL NOT RULE ANY OUT ANY OPTIONS
🔴 JAPAN'S FINANCE MINISTER SUZUKI: WE WILL TAKE DECISIVE ACTION IF NEEDED.
JAPAN CHIEF CABINET SECRETARY HAYASHI: IMPORTANT FOR CURRENCIES TO MOVE IN STABLE MANNER REFLECTING FUNDAMENTALS || CLOSELY WATCHING FX MOVES
🔴 JAPAN CHIEF CABINET SECRETARY HAYASHI: WE ARE CLOSELY WATCHING FX MOVES.
News Alert | Japan's Finance Minister says 'will take bold action on FX if needed' https://t.co/6A1WEhqNVy
JAPAN TOP CURRENCY DIPLOMAT KANDA: NO NEED TO HOLD THREE-PARTY TALKS OF GOVT, BOJ AND FSA ON FOREX
BOJ Must Support Economy with Easy Policy, Says Governor Ueda https://t.co/ZyBjtWGRoh
BOJ must support economy with easy policy, says Governor Ueda https://t.co/D2eFqA7L7F https://t.co/43duxxPPPC
Finance Minister Shunichi Suzuki warned Wednesday that he would not rule out any measures and would take "decisive steps" in response to currency moves. This was his strongest such statement yet, echoing a prelude to previous intervention. https://t.co/6fvSm9QCQd
🔴 BOJ'S TAMURA HOPES TO RAISE INTEREST RATES TO RECOVER MARKET FUNCTION IF POSITIVE ECONOMIC CYCLE STRENGTHENS
BoJ’s Tamura: Promising To Continue With Accommodative Monetary Policy Won't Necessarily Conflict With Need To Raise Interest Rates
🔴 TAMURA OF BOJ: ACCOMMODATIVE MONETARY POLICY WON'T NECESSARILY CONFLICT WITH NEED TO RAISE INTEREST RATES
🔴 BOJ GOVERNOR UEDA: WE WILL GRADUALLY REDUCE BALANCE OF JGB HOLDINGS IN FUTURE
BOJ GOV UEDA: AT SOME POINT IN FUTURE, WE WILL LIKE GRADUALLY REDUCE BALANCE OF OUR JGB HOLDINGS
🔴 GOVERNOR UEDA OF BOJ: WE WILL GRADUALLY REDUCE BALANCE OF JGB HOLDINGS IN THE FUTURE
BoJ’s Tamura: Risk Of Inflation Overshooting Sharply, Requiring Rapid Monetary Tightening, Remains Low
BoJ Gov Ueda: It May Take Some Time But Likelihood Of Achieving Price Target Is High As Current Short-Term Rate Level, At 0-0.1%, Is Very Low
🔴 TAMURA OF BOJ: LOW RISK OF SHARP INFLATION OVERSHOOTING, REQUIRING RAPID MONETARY TIGHTENING
🔴 BOJ GOVERNOR UEDA BELIEVES ACHIEVING THE PRICE TARGET MAY TAKE TIME, BUT THE PROBABILITY IS HIGH DUE TO THE CURRENT LOW SHORT-TERM RATE LEVEL AT 0-0.1%.
BoJ’s Tamura: If Upside Risks To Trend Inflation, Price Outlook Heighten, Or Likelihood Of Stably Hitting Price Goal Rises Further, We May Be Able To Hike Rates Again
BoJ’s Tamura: There Is No Set Formula, When Asked About Additional Rate Hikes
BOJ GOV UEDA: IF ECONOMIC, PRICE DEVELOPMENTS WORSEN SHARPLY, WE WON'T RULE OUT TAKING ANY OPTIONS INCLUDING DEPLOYING TOOLS WE HAVE ALREADY USED
🔴 TAMURA OF BOJ: NO SET FORMULA FOR ADDITIONAL RATE HIKES
🔴 BOJ GOVERNOR UEDA WARNS OF POSSIBLE ACTIONS IF ECONOMIC AND PRICE TRENDS WORSEN SHARPLY
BOJ'S TAMURA: WILL FOCUS ON PRICE, WAGES, CONSUMPTION AND CORPORATE PRICE-SETTING BEHAVIOUR, WHEN ASKED ABOUT FUTURE MONETARY POLICY GUIDANCE
🔴 BOJ'S TAMURA TO FOCUS ON PRICE, WAGES, CONSUMPTION, AND CORPORATE PRICE-SETTING BEHAVIOR FOR FUTURE MONETARY POLICY GUIDANCE
🔴 TAMURA OF THE BANK OF JAPAN SAYS NO RATE HIKE SOLELY FOR MARKET RECOVERY
🔴 BOJ'S TAMURA INDICATES MOVE TOWARD REDUCING BOND PURCHASES, TIMELINE UNCERTAIN
BoJ’s Tamura: If Economy Weakens, We Will Conduct Appropriate Monetary Policy As Needed Including Negative Rate, YCC
BoJ Gov Ueda: Revised GDP, Wage Results Played Big Roles In March Move
🔴 TAMURA OF BOJ: WE WILL CONSIDER APPROPRIATE MONETARY POLICY, INCLUDING NEGATIVE RATES AND YCC, IF ECONOMY WEAKENS
🔴 TAMURA OF BOJ: NOT EXPECTING RATES TO INCREASE AT SAME PACE AS US CENTRAL BANK
🔴 BOJ'S TAMURA: UNCLEAR HOW MUCH RATES WILL BE RAISED
🔴 BOJ GOVERNOR UEDA: NO LONGER NEED FOR AGGRESSIVE BOND MARKET INTERVENTION, EXPLAINS DECISION TO DITCH YCC
🔴 TAMURA FROM THE BANK OF JAPAN: NO LONGER A NEED TO AGGRESSIVELY INTERVENE IN BOND MARKET AS IN THE PAST, EXPLAINS DROPPING OF YCC LAST WEEK
BoJ Board Member Tamura: Impact Of FX Moves On Economy Vary Depending On Each Entity - Won't Comment On Specific FX Moves - Desirable For FX To Move Stably Reflecting Economic Fundamentals
🔴 BOJ BOARD MEMBER TAMURA: FX STABILITY SHOULD REFLECT ECONOMIC FUNDAMENTALS
🔴 BOJ BOARD MEMBER TAMURA DECLINES TO COMMENT ON SPECIFIC FX MOVES
🔴 BOJ BOARD MEMBER TAMURA DISCUSSES THE VARIED IMPACT OF FX FLUCTUATIONS ON THE ECONOMY
🔴 BOJ GOVERNOR UEDA EXPECTS POSITIVE GROWTH IN REAL WAGES; EXPECTS WAGE HIKES FROM SMALLER FIRMS TO EXCEED LAST YEAR
Japan finance chief vows to respond if yen weakens excessively https://t.co/YQLj0xCgQt
🔴 BOJ GOVERNOR UEDA: ECONOMY AND PRICE DEVELOPMENTS WILL DETERMINE FUTURE MONETARY POLICY DECISIONS
🔴 BOJ GOVERNOR UEDA: SUPPORTING ECONOMY AND PRICES WITH ACCOMMODATIVE MONETARY CONDITIONS FOR TIME BEING
🔴 JAPAN'S MEDIUM- AND LONG-TERM INFLATION EXPECTATIONS AND TREND INFLATION STILL HEADING TOWARDS 2%, SAYS BOJ GOVERNOR UEDA
BoJ Gov Ueda: Positive Wage-Inflation Cycle Strengthening, Growth In Real Wages Likely To Gradually Turn Positive
🔴 BOJ GOVERNOR UEDA EXPECTS GRADUAL GROWTH IN REAL WAGES AS POSITIVE WAGE-INFLATION CYCLE STRENGTHENS
BoJ Gov Ueda: Based On Our Current Economic And Price Projections, Accommodative Financial Conditions Are Expected To Continue For Time Being - Accommodative Financial Conditions Likely To Underpin Japan's Economy, Prices - If Long-Term Rates Rise Sharply, We Are Ready To Nimbly…
🔴 GOVERNOR UEDA OF BOJ: READY TO CONDUCT BOND BUYING OPERATION NIMBLY IF LONG-TERM RATES RISE SHARPLY
🔴 BOJ GOVERNOR UEDA: ACCOMMODATIVE FINANCIAL CONDITIONS TO LIKELY SUPPORT JAPAN'S ECONOMY AND PRICES.
🔴 BOJ GOVERNOR UEDA EXPECTS ACCOMMODATIVE FINANCIAL CONDITIONS TO CONTINUE BASED ON ECONOMIC AND PRICE PROJECTIONS
⚠️ JAPAN FINANCE MINISTER SUZUKI: TO TAKE DECISIVE STEPS VS EXCESSIVE YEN MOVES Full Story → https://t.co/VTLFsZHoXP Japanese Finance Minister Shunichi Suzuki said on Wednesday he would not rule out any options but will take "decisive steps" against excessive currency moves,… https://t.co/F3LfXnU1gD
JAPAN FINMIN SUZUKI: IT'S VERY IMPORTANT FOR GOVT, BOJ TO CLOSELY COORDINATE ON POLICIES, EXCHANGE INFORMATION WITH EACH OTHER
Japan FinMin Suzuki: Specific Monetary Policy Steps Up To BoJ To Decide - It's Very Important For Govt, BoJ To Closely Coordinate On Policies, Exchange Information With Each Other - We Will Ensure To Take Utmost Measures For FX Stability With Eye On Market Moves
BoJ Gov Ueda: Won't Comment On Specific FX Moves, Levels - FX Moves Have Big Impact On Economy, Prices - Want To Closely Monitor Impact Of FX Moves On Economy, Prices, Working Closely With Govt
🔴 JAPAN FINANCE MINISTER EMPHASIZES COORDINATION BETWEEN GOVT AND BOJ FOR POLICY-MAKING AND INFORMATION EXCHANGE
BOJ GOV UEDA: WANT TO CLOSELY MONITOR IMPACT OF FX MOVES ON ECONOMY, PRICES, WORKING CLOSELY WITH GOVT
BOJ GOV UEDA: FX MOVES HAVE BIG IMPACT ON ECONOMY, PRICES
BOJ GOV UEDA: WON'T COMMENT ON SPECIFIC FX MOVES, LEVELS
🔴 GOVERNOR OF THE BANK OF JAPAN, UEDA: FOREIGN EXCHANGE MOVEMENTS HAVE A SIGNIFICANT IMPACT ON THE ECONOMY AND PRICES.
🔴 BOJ GOVERNOR UEDA DOES NOT COMMENT ON SPECIFIC FX MOVES OR LEVELS
Ok it was a cheap jawboning $JPY intervention…. JAPAN FINMIN SUZUKI: “WON'T RULE OUT ANY STEPS TO RESPOND TO DISORDERLY FX MOVES” https://t.co/7f4cZJWwdC
Japanese Finance Minister Shunichi Suzuki says he is watching Japanese FX levels very closely and can take BOLD action if needed. I'm sure he is confused as to why the yen remains so weak despite the BoJ's first rate HIKE in years into positive territory... https://t.co/ypAPUfECE5
*SUZUKI: WATCHING MARKET WITH HIGH SENSE OF URGENCY *SUZUKI: WILL TAKE BOLD ACTION AGAINST EXCESSIVE FX MOVES *SUZUKI: WILL NOT RULE OUT ANY OPTIONS Like non stop talking while imported inflation explodes
BOJ Ueda: Nominal Wages to Pick up, Real Wages to Turn Positive "to turn positive"... meanwhile, real wages are the lowest on record thanks to soaring inflation https://t.co/AWbmMIBq5Q
BOJ's Tamura calls for slow but steady policy normalisation https://t.co/aJMAR2VOwU https://t.co/pLehaxMQW3
BOJ GOV UEDA: JAPAN HOUSEHOLDS' SENTIMENT INDICES IMPROVING RECENTLY ON EXPECTATIONS OF WAGE HIKES
BoJ Gov Ueda: Nominal Wages To Pick Up, Real Wages To Turn Positive - Japan Households' Sentiment Indices Improving Recently On Expectations Of Wage Hikes - At March Meeting, Judged Price Target In Sight
🔴 BOJ GOVERNOR UEDA: JAPAN HOUSEHOLDS' SENTIMENT IMPROVING RECENTLY ON EXPECTATION OF WAGE HIKES
BOJ'S TAMURA: IN MY VIEW, BOJ'S ULTIMATE GOAL IS TO BRING INTEREST RATES BACK TO LEVELS WHERE HIKES AND CUTS ARE MADE TO ADJUST DEMAND, AFFECT INFLATION
🔴 TAMURA OF BOJ: IMPORTANCE OF FUTURE MONETARY POLICY GUIDANCE FOR GRADUAL NORMALIZATION
BOJ'S TAMURA: POSITIVE WAGE-INFLATION CYCLE LIKELY TO CONTINUE
BOJ'S TAMURA: JAPAN'S ECONOMY SHOWING SOME SIGNS OF WEAKNESS BUT RECOVERING MODERATELY
🔴 BOJ'S TAMURA NOTES JAPAN'S ECONOMY DISPLAYING WEAKNESS BUT MODERATELY RECOVERING
BOJ'S TAMURA: OUR MONETARY EASING HAD SOME EFFECT IN UNDERPINNING ECONOMIC GROWTH
BOJ'S TAMURA: DESPITE OUR TWEAK TO MONETARY POLICY FRAMEWORK, THERE ARE SIDE-EFFECTS REMAINING
🔴 TAMURA OF THE BOJ: MONETARY EASING UNDERPINNED ECONOMIC GROWTH
🔴 BOJ'S TAMURA: MARKET FORCES NOT YET READY TO FULLY DRIVE LONG-TERM INTEREST RATE MOVES.
Japan Says It Won’t Rule Out Any Steps to Prop Up Faltering Yen https://t.co/5046z15rDO
🇯🇵 #Japan says it won't rule out any steps to stem weak #yen – Reuters https://t.co/h45JbhZUJs
Japan says it won't rule out any steps to stem weak yen https://t.co/APBUtFYT02 https://t.co/ZN74rF80ky
JAPAN FINMIN SUZUKI: WANT TO DO MY BEST TO MINIMIZE ADVERSE IMPACT FROM WEAK YEN