Full text of the Bank of Japan's decision: Maintain interest rates unchanged, pausing interest rate hikes for the third consecutive time, with one dissenting vote.
The Bank of Japan passed the interest rate decision with a result of 8 to 1, keeping the interest rate unchanged at 0.25%, marking the third consecutive pause in raising rates.
Set a historical record! Aggressive investors are flocking to Japan Stocks, with over 1 trillion yen bought this year to date.
The obsession of radical investors with Japan Assets has reached record levels. Their influence is likewise significant.
The Bank of Japan is not in a hurry to raise interest rates, but the market also does not dare to let down its guard.
Traders believe that the possibility of the Bank of Japan raising interest rates this week is less than 20%. In addition to the interest rate decision itself, Ueda's post-meeting news conference will also draw close attention.
The Japanese economy is experiencing a "dual situation of ice and fire"! Manufacturing continues to shrink, while the service industry rises against the trend.
Japan's economy continued to see a contraction in manufacturing activity in December, entering its sixth month of contraction, while the services sector maintained a growth trend.
Reports indicate that the Bank of Japan will "hold steady" next week, and Bank of America expects the interest rate hike may be postponed until March next year.
Five sources familiar with the thoughts of the Bank of Japan stated that the Bank is inclined to keep interest rates unchanged next week. However, Bank of America warned that if the Bank of Japan continues to delay interest rate hikes until March next year, the yen could depreciate again to 155 or slightly below the 157 level reached in November.
The unknown is the most dangerous! The market is increasingly confused about whether the Bank of Japan will raise interest rates next week.
1. Over the past week, as official remarks and media reports sent mixed signals regarding the Bank of Japan's intention to raise interest rates, traders have become increasingly confused about when the Bank of Japan will hike rates; 2. This scene clearly evokes memories of the events leading up to this year's 'Black Monday' in August for Japanese stocks.