Nikkei 225 Elliott Wave Technical Analysis [Video]
Corporate confidence deteriorates, bankruptcies soar, and the outlook for a rate hike by the Bank of Japan is shrouded in dark clouds.
The data released on Monday shows that in Japan, the service industry confidence deteriorated in October, with more bankruptcy cases emerging. This has cast doubt on the views of the Bank of Japan that, under the impetus of strong domestic demand, Japan is expected to achieve a 2% inflation target.
Express News | Shigeru Ishiba re-elected as Japan's Prime Minister.
The economy is still on the path of recovery, with japan's basic wages posting the largest increase in over 30 years.
The basic wages of Japanese workers have seen the largest increase in over 30 years, supporting the Bank of Japan's view that the economy is still on a path to recovery and providing reasons for potential interest rate hikes in the coming months.
Asian stocks: Nikkei falls 235 points in half a day, semiconductor equipment suppliers remain weak, electric power stocks rise against the market.
On the night of the 16th, the three major U.S. stock indices rebounded, with the Dow rising 0.8% to close at 43,077, hitting a historic closing high.
Is the Bank of Japan taking on a "hawkish" stance again? Officials: Gradual interest rate hikes are appropriate.
On October 16, japan Bank of Japan Policy Board member Takashi Ando stated in a speech that Japan has the conditions for policy normalization, and it is appropriate for the Bank of Japan to adopt a gradual interest rate hike approach.