Breaking News Bank of Japan Governor Ueda said， “Financial markets remain unstable， and we will continue to monitor them with a high level of urgency for the time being” Diet recess review ．
Jiji Press, August 23, 2024, 10:01 a.m. BOJ Governor Ueda said, “Financial markets remain unstable, and we will continue to monitor the situation with a high level of urgency for the time being.”
I’d really like to ask someone who knows a lot about this, but with the strong yen, will my chances of finding work as a 40-something with no work experience decrease? Or disappear?
What I’m saying is that I want financial markets to be unstable. If that were the case, institutional investors wouldn’t have to wait for stock prices or bond prices to soar, and if they don’t have the capital, they wouldn’t have to sell yen in search of the necessary market size overseas.
Interest rates will be raised once financial markets calm down, but as markets are currently turbulent, the general consensus is that there will likely not be another rate hike anytime soon.
Suda said on the radio that since Governor Ueda of the Bank of Japan, he has made an exceptional case in which SP is three times the normal amount, and that SP is also now given to the home and family. The reason why everyone disliked the new Bank of Japan governor after Kuroda is because they knew they would be resented.
From now on, the Bank of Japan will say a lot of things that will confuse the market, and they will completely destroy those who are buying on credit. What the government wants is a medium to replace pensions, not an investment tool.
Even if the Bank of Japan does nothing, the Nikkei average will crash and fall below 30,000 yen by the end of this year. The US is already in a recession, and interest rates will be cut again from here on out.
Summary: The stock market crash is America’s fault. As proof of this, the yen has returned to its former glory after fears of a US recession subsided. Financial instability remains, interest rate hikes remain on track, and the yen has strengthened slightly since the remarks.
Of course, the Bank of Japan’s actions will change depending on who the next prime minister is, so I guess we’ll have to keep a close eye on it for now.
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