IMF suggests Bank of Japan may continue raising interest rates [Jackson Hole, Wyoming, 23rd Reuters] – Pierre-Olivier Grandchat, chief economist at the International Monetary Fund (IMF), said on the 23rd that rising inflation expectations mean there is room to normalize Japan’s ultra-low interest rate policy, and that the Bank of Japan could gradually raise interest rates. “In our assessment, monetary policy will continue to normalize further and policy rates will have room to rise gradually for the time being. Details from the source 2024/8/24 (Sat) 9:50.
>>1 September presidential election November House of Representatives election So when will interest rates be raised? Will it cause another crash bigger than Brahman?
>>9 It’s the same either way. If the interest rate difference gets smaller, America will take flight.
0010Banko Chinpo Do (anti-feminist old woman, anti-political correctness leftist).Aug. 26, 2024 (Mon) 01:55:17.84ID:r2kRfOOI0(1/2)
>IMF hints at possibility of continued interest rate hikes by the Bank of Japan: “In our assessment, the Bank of Japan has room to raise interest rates” In the name of the IMF. The person saying this is a stupid bureaucrat from the Ministry of Crime who is seconded to the IMF. They are just taking advantage of the weakness of Japanese people when it comes to international organizations.
>>10 If interest rates are raised, the economy will grow, so there is room for it, and even if interest rates are raised, they will eventually return to zero.
The local banks in my area will all raise interest rates next week. The interest rate on deposits is 20 times higher, at 0.1%, but the interest rates on home loans and loans for small businesses are also likely to get worse. In my case, my home loan repayments are likely to increase by 300,000 yen.
>>22 I think they’re not even going to intervene. The dollar can’t handle what’s going to happen next. So they’re encouraging us to do it with yen. Of course it will go up, but not by a lot. In the end, they have to settle with the dollar. The problem is that it’s too high over there.
There is certainly room for growth, but that should be saved for when trade friction with the US and other nations becomes an issue. Now is the time for the export industry to stock up and prepare.
As the Deputy Governor hastily corrected himself the other day, the small things can make a huge difference, but can the people at the Bank of Japan “see through” it?
>>32 In the first place, a Nikkei average of 40,000 is an abnormal value The appropriate value is around 12,000 before the quantitative easing There’s no way the size of Japan’s economy today is bigger than it was during the high economic growth period lol.
>>41 What is abnormal is the Japanese government’s economic and fiscal policies that continue to maintain a domestic economy that cannot raise interest rates.
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