Japan's opposition party leader warned the central bank twice in one week: wait at least six months before raising interest rates.
Japan's ruling party, the Liberal Democratic Party, is seeking the support of opposition party leaders, who have once again warned the Bank of Japan in an interview not to raise interest rates prematurely, stating that the central bank should wait at least six months before raising rates until there are signs that wage growth can sustainably exceed inflation.
Is the Bank of Japan's 'hawkish heart' still alive? The next rate hike may be in December or January next year.
Analysts say that the Bank of japan's tone is "moderately" hawkish, and the timing of a rate hike will depend on .......
Express News | Japan's government once again lowered its GDP growth forecast for the fiscal year.
The yen strengthened and the stock market fell, double blow to Japan's retirement fund GPIF encountered its largest quarterly loss since 2020.
japan's GPIF suffered its largest loss since 2020 in Q3 2024, primarily due to the rebound of the Japanese yen leading to reduced overseas securities income and a decline in the Japanese stock market.
Bank of japan: Minimum wage increases will push up inflation, confident in 2% target.
The Bank of Japan stated on Friday that Japan's continuously rising minimum wage may mainly push up inflation by raising service prices, indicating confidence in the prospect of inflation continuing to reach the 2% inflation target.
Bank of Japan Likely to Stay Course With a Rate Hike in December or January, Analysts Say
Express News | Survey: japan's third quarter economic growth may significantly cool down.
Australia's PPI in the third quarter rose by 0.9% quarterly and 3.9% annually in the Economic.
Australia's Bureau of Statistics announced that excluding exports, the Producer Price Index (PPI) for the third quarter of Australia, calculated based on final demand (measuring the change in prices of consumed goods and services without further processing), rose by 0.9% quarterly, down from the previous increase of 1%. On an annual basis, it increased by 3.9%, down from the previous rise of 4.8%. (da/w)~
The Japan manufacturing PMI final value for October, as revised upwards, decreased to 49.2 but still higher than expected.
According to au Jibun Bank/Standard & Poor's Global, Japan's manufacturing purchasing managers' index (PMI) for October was revised upwards from the previous value of 49.7 to 49.2, higher than the market's expected initial value of 49, still marking a three-month low. Standard & Poor's stated that companies generally mentioned weak demand in Japan and globally putting pressure on sales and output, especially in the chip and automobile sectors. Output in October fell slightly, but the decline was the sharpest since April, affected by weak new orders and excess inventory. Overall new orders fell for the 17th consecutive month. Purchasing activity decreased again, employment stagnated; output charges accelerated to inflation.
Iran says it will give Israel an unimaginable response, US oil rises more than 2%, the yen rises 1%, and the gold price rebounds.
According to Axios, Iran is preparing to launch a large-scale retaliatory action against Israel from Iraq. According to CCTV International News, on October 31st local time, Salami, the commander of the Iranian Islamic Revolutionary Guard Corps, stated at an event that Iran will give Israel an "unimaginable response".
Japan Shares Decline After Central Bank Keeps Rates Steady, Investors Eye US Elections
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BOJ Holds Rates Steady, Governor Sees U.S. Economic Fog Starting to Clear -- Update
Bank of Japan Cites Growth, Inflation Outlooks, Holds Policy Steady
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Kazuo Ueda hints at releasing the "hawk"! Overseas risks are receding, and the Bank of Japan is considering raising interest rates.
Will it be December or January?
Express News | Capital Dynamics: japan's central bank has a more optimistic attitude, opening the door to raising interest rates.
BOJ Takes More Optimistic Tone, Opening Door to Rate Hike -- Market Talk
BOJ Governor Ueda's Comments at News Conference