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Kazuo Ueda reiterated concerns about Trump and the risks of the "Shuntou", but did not mention the interest rate hike next month.
Kazuhiro Ueda stated that before the next rate hike, it is necessary to carefully examine Trump's policy stance after taking office and the outlook for next year's wage negotiations. Although Ueda's remarks reflect the Bank of Japan's determination to continue raising interest rates, they did not indicate a specific timing. Currently, most Analysts expect the bank to raise rates by 25 basis points in January or March.
【Nikkei Stock Review】Local retail investors are the only active traders! The Nikkei 225 currently stands at 0.039 million, and this Sector stands out.
On Wednesday (December 25), the Tokyo stock market slightly rose, with a weaker yen boosting the stock prices of export-oriented Auto Manufacturers. However, due to light trading in overseas markets during the Christmas holiday, the overall Volume was low.
Japan plans to propose an unprecedented budget of 734 billion dollars, as the intertwining of the debt crisis and central bank policy shift becomes a global focus!
In response to the dual pressure of surging social security spending and rising debt repayment costs, the Japanese government will launch an unprecedented fiscal year budget preparation work starting in April, totaling up to 734 billion dollars.
Bank of Japan Governor Ueda: Inflation will be closer to the target next year, the timing for the next rate hike is approaching!
① The Governor of the Bank of Japan, Kazuo Ueda, predicts that Japan's economy will be closer to achieving the central bank's 2% inflation target sustainably next year, and he suggests that the timing for the next interest rate hike is approaching. ② He emphasized the need to carefully study the impact of the "high uncertainty" surrounding the overseas economy, particularly the economic policies of the Trump administration in the USA.
Kazuo Ueda has still not mentioned the interest rate hike issue! Is the yen in "danger"?
Kazuo Ueda reiterated that the Bank of Japan needs to pay attention to various risks, without mentioning a rate cut next month...
BOJ's Ueda Says Stable 2% Inflation Target in Sight, But Rate Hike Timing Still Unclear