The Bank of Japan is moving to dispel market expectations of an early interest rate hike. Bank of Japan Deputy Governor Uchida Shinichi said on the 7th, “Facts have arisen that require more careful consideration than before.” The Bank maintained its careful stance of determining the timing of interest rate hikes, and prioritized calming the volatile market. As this is the first interest rate hike in 17 years, the Bank of Japan has no choice but to proceed while keeping an eye on the market’s reaction. “We expected there would be some decline, but there’s no way we could have predicted the magnitude of the decline.” Additional interest rate hike decided on July 31…(The following is a paid version, 1528 characters remaining) Nikkei Newspaper August 7, 2024 19:33 ※Related thread Bank of Japan Deputy Governor’s “dovish” remarks change market mood, stock prices rise by over 2000 yen from the bottom [Ossan Friends’ Club★].
>>1 The only result of the hedging was that it warned that the world’s stocks and exchange rates could become Pearl Harbor overnight, depending on the Bank of Japan’s judgment. It had the same effect as a nuclear test, but unfortunately the government was weak-willed and showed its true colors by wagging its tail.
>>1 The people who were calling for the yen to fall further and for interest rates to be raised for their own convenience must have seen Niagara and changed their minds, and the Bank of Japan must have thought, “What a bastard!” So, whose advice will the Bank of Japan take into account in the future?
What’s with this stupid Uchida who ruined the really great trend of the yen strengthening? If he starts intervening again now, he won’t even be a laughing stock, do you understand?
>>6 People on this board were laughing at the NISA folks but if there are 20% of them, it would have a huge impact on the election and politicians would get mad if the stock prices dropped.
The Bank of Japan is calm, observing the total amount of the whale’s downward vector, and will intervene the next day to adjust the vector. The price was scheduled to fall yesterday, but it will only fall today, and if things go wrong, they may intervene again today and turn the market positive.
>>9 If you’re going to support the economy by buying ETFs, it would be better to fix the country’s aging infrastructure, or create labor obligations and make people dismantle and transport the goods to get the money.
>First interest rate hike in 17 years Huh? How so? You just want to make it seem like an interest rate hike, you trash media under the Ministry of Finance. Get ridiculous.
>>14 These guys are the war criminals. Don’t get involved in politics. It has to be done purely from an economic standpoint. It disrupted the flow of savings to investments.
Even if it was bad luck, shouldn’t the Bank of Japan clearly define the scope of its responsibility? Even though there were no indicators for raising interest rates, they decided to raise interest rates because they wanted to return things to normal, right?
The interest rate hike was leaked and the market had already factored it in by last Thursday. The media is just blaming Ueda, who isn’t from the Ministry of Finance. Meanwhile, Kanda, who made a straightforward intervention, is a finance bureaucrat, so the media doesn’t criticize him, but praises him as a great decision. And the public is left with the idea that they have to leave it to the Ministry of Finance. That’s typical Japan.
The way the hyenas are rising in response to rising Bank of Japan interest rates is proof that there are a lot of people who are dying to buy Japanese government bonds. If interest rates are raised, will it be the Japanese people who suffer? Taxes will increase.
The hypocenter of the latest Bank of Japan nuclear test was a hedge that was earning interest and raising cheap and safe funds in Japanese yen. They were doing whatever they wanted in all branches of bonds, foreign exchange, and stocks. Their specialty, AI risk assessment, was all black. So on a global scale, foreign exchange reacted first. Interest rates on stocks, and of course Japanese government bonds, fell.
In the first place, Ueda would never be able to become the BOJ governor no matter how hard he tried, and he was probably appointed because there was no one else to take over from Kuroda, and his biggest expected role is to be a punching bag, so in that sense he is living up to expectations.
Kanda of the Finance Department and other arrogant bureaucrats on the same level as Tsuji Masanobu of the former military are deluded and conceited. Where does he have any intelligence? Eh? Ueda was the ultimate weapon, not just someone who verbally intervened, but someone who had “learned” Hedge’s AI. Unfortunately, he was hung upside down by the whole world for firing it on the eve of a real nuclear war between Iran and Israel.
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