Japan | Tokyo inflation exceeds forecasts, keeping BOJ on rate hike path
- Bloomberg
👉 The Bank of Japan held interest rates on Wednesday as the rising risk of a global trade war and potential downturn in the US weighed on Japan’s hope for a sustained economic revival.
👉The unanimous decision, which came at the conclusion of a two-day meeting of the Japanese central bank’s policy board, left the short term policy rate at about 0.5 per cent. 👉The result was widely forecast by economists and had been priced in by markets, according to traders. 👉In a statement accompanying the decision, the BoJ warned that “high uncertainties” remained around Japan’s economic activity and prices. The central bank made particular reference to the “evolving situation regarding trade and other policies in each jurisdiction”. Source: FT
Investors expect European countries to purchase more military equipment from Asia after Donald Trump threatened to withdraw the US’s security umbrella.
Link >>> on.ft.com/4iC5Fby Source: FT, Bloomberg
Mainland Chinese money came flooding into HK markets today
Investors bought up a record amount of stocks in Hong Kong where the large tech giants are listed. Source: Bloomberg, David Ingles
Japan 40Y bond yield hits highest in history.
Eventually markets will remember that Japan has to roll over the world's biggest debt load ever assembled. Source: Bloomberg, www.zerohedge.com
So many tourists flying to Japan
(The weak yen helps). It is an extraordinary country to visit by the way. Source: The long view on X
Is it DeepSeek or $USDJPY?
… a reminder that Tech’s relative performance peaked all the way back in July when Yen first strengthened. USDJPY < 155 today is important - perhaps more so than the unknowable impact of China AI Model. @StrategasRP
‼️The Bank of Japan is set to HIKE rates again on Friday:
The market is pricing a 90% chance that the BoJ will raise rates by 0.25% to 0.50% on Friday, the highest in 16 years. That would be the 3rd rate hike in less than 12 months, after 17 years without an increase. Source: The Kobeissi Letter, Bloomberg
