IMF proposes revisions to BOJ easing Long-term interest rate guidance “flexibly”

The International Monetary Fund (IMF) in a statement released on the 26th proposed revisions to the Bank of Japan’s monetary easing. Long-term interest rates, which have been kept below 0.5%, were given flexibility to prepare for a situation in which inflation exceeds expectations. He also warned that interest rates could skyrocket if government debt continues […]

The dollar/yen has fallen to the 134 yen level, and it is reported that the Bank of Japan may conduct an inspection and verification of monetary policy within the next year under a new system.

The dollar/yen has fallen to the 134 yen level. According to a person familiar with the matter, he reacted to reports that the BOJ may conduct inspections and verifications of monetary policy within next year under the new system. The dollar/yen temporarily widened its lows to the 134.54 level. The cross-yen pair also reacted to […]

BOJ foreign exchange intervention

Just before USDJPY152.00, there seems to have been another foreign exchange intervention by BOJ. USD selling is out, but I’m skeptical how far BOJ can push it back.

FOMC, 75bp rate hike-July is likely to be 75 or 50bp and Fed chairman

At a regular meeting held on the 14th and 15th, the US Federal Open Market Committee (FOMC) decided to raise the main policy interest rate by 75 basis points (bp, 1bp = 0.01%). This is the largest rate hike since 1994. Federal Reserve Chair Powell has suggested that the July meeting will also raise rates […]