In an interview with the Nihon Keizai Shimbun, Bank of Japan Governor Kazuo Ueda said regarding the timing of an additional rate hike, “It can be said that it is approaching, in the sense that the data is moving on track (as expected).” There is speculation in the market that the Bank of Japan will raise interest rates at its monetary policy meeting in December or January 2025. Governor Ueda also said he wanted to assess domestic wages and the U.S. economy, and emphasized his intention to avoid any hasty interest rate hikes. The interview was conducted on the 28th. The Bank of Japan decides to raise interest rates further… (The following is a paid version, 959 characters remaining) November 30, 2024, 2:00.
We just saw the Brahman crash, where a 0.25% interest rate hike caused the stock price to fall by 8,000 yen lol I wonder how much it will fall the next time lol.
The only people who are affected by falling stock prices are those who gamble with stocks. Besides, stock prices are so high…
Please raise interest rates quickly and make the yen stronger! Ordinary people are happier with a stronger yen♡ It’s only a few money-hungry people making a fuss, so please raise interest rates…
>>15 The problem is the lack of demand for funds, so it would be better to cut taxes and improve the economy first. Interest rates will rise automatically afterwards.
>>18 >>26 I think it’s important to coordinate monetary policy with other developed countries, don’t you think? Japan can’t afford to keep interest rates low forever, and monetary easing to the point where it makes financial manipulation difficult was foolish from the start, right? In other words, the extraordinary monetary easing ended up being a failure in the end. It’s too late now to be selfish and not raise interest rates, right? It’s becoming a nuisance to the world.
>>20 Are we going to continue with this wrong economic policy based on the average concept of potential GDP? The Constitutional Democratic Party should really be dismantled.
Forcing the yen to appreciate by raising interest rates is the height of stupidity and shows a serious lack of economic literacy. Prices are high all over the world to begin with. The only way to begin with is to mass-produce agricultural products in one’s own country.
>If we abolish the consumption tax, prices will go down. Abolishing the consumption tax is fine, but prices will probably go up considerably. If we want to lower prices, we have to raise the consumption tax.
>>44 Completely wrong. The consumption tax is just a cost to businesses, so prices will definitely go down. As the economy improves, we will see price increases due to demand pull. In any case, the consumption tax system is unfair and unreasonable and should be abolished.
It feels like consumers are on the defensive due to high prices, wage increases are so slow that money isn’t circulating, and on top of that there’s an investment boom, so money is going towards investment.
Even if we do nothing, the dollar will fall below 150 yen, so aren’t they incompetent and saying stupid things like raising interest rates to deal with the exchange rate?
>>48 The idiots in the Liberal Democratic Party and the Constitutional Democratic Party are the enemy of the people, as they genuinely believe that raising interest rates will make the yen stronger.
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