The dust has settled! Shigeru Shiba will take office as the next Prime Minister of Japan, and the Japanese Yen is rapidly appreciating.
Or a reversal of the "Abenomics trade" may occur.
Bank of Japan Governor once again adopts a dovish stance: not in a rush to continue raising interest rates!
Kazuo Ueda reiterated that the Bank of Japan would raise key interest rates again if data allows, but the authorities will not rush to do so.
Reported Earlier, Japan Interest Rate Decision Unchanged At 0.25%
Reported Earlier, Japan National Core Consumer Price Index (YoY) For August 2.8% Vs. 2.8% Est.; 2.7% Prior
The full text of the Bank of Japan's monetary policy decision has been released: interest rate hikes suspended, with rates maintained at 0.25%.
The Bank of japan voted unanimously to pass the interest rate resolution, keeping the interest rate unchanged at 0.25%, citing mild increase in inflation expectations.
Emerging market investors uneasy? Fed rate cuts could cause yen appreciation.
The Fed's possible interest rate cut this week may lead to a strengthening of the Japanese yen, which could unsettle emerging market investors and bring back memories of the global turmoil in August.