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Analyst: The Bank of Japan may delay interest rate hikes until May next year.
On December 20, in a statement by Analyst Justin McQueen, the stance of Bank of Japan Governor Kazuo Ueda at the monetary policy meeting unexpectedly did not include a commitment to recent policy tightening. This caused the yen to rise significantly and sparked concerns among Japanese officials about recent trends. Bank of Japan Governor Kazuo Ueda stated, "The overall situation of wage trends will become clearer in March and April next year," which seems to open the door to delaying interest rate hikes until May. However, this may be more about not cornering oneself than leaving some options open. It is worth noting that starting from the end of January, the U.S.
Kazuo Ueda releases a dovish stance, and both Bank of America and Nomura have postponed their expectations for the Bank of Japan to raise interest rates.
After the Governor of the Bank of Japan, Kazuo Ueda, expressed a cautious attitude towards interest rate cuts, analysts from Bank of America and Nomura Holdings pushed back their expectations for the Bank of Japan's next interest rate hike from January of next year to March.
[Japanese Stock Closing Review] The dove's call has just fallen and inflation has soared! The Nikkei 225 has dropped for six consecutive days, and the sharp depreciation of the yen has raised warnings.
On Friday (December 20), the Japanese stock market fell due to a surge in core inflation in November, increasing pressure on the central bank to raise interest rates.
In November, Hong Kong's CPI year-on-year was 1.4%, lower than expected.
On December 20, Gelo Exchange reported that Hong Kong's comprehensive CPI in November was 1.4% year-on-year, expected to be 1.5%, and the previous value was 1.40%.
Japan's senior officials: The government is "alert" to the recent depreciation of the yen and will "intervene" when speculation is excessive.
Japan's Finance Minister Katsunobu Kato stated on Friday that the yen has begun to decline rapidly again, and the government is feeling "vigilant" about the recent Forex trends.
Bank of Japan Maintains Current Rate Target Amid Moderate Economic Recovery