Bank of Japan Ueda Attention is focused on the remarks made by the Bank of Japan Governor in his first public appearance since the market turmoil – today’s closed-session hearings will last for two and a half hours each， starting at 9 30 a．m． and 1 00 p．m．
Bank of Japan Governor Kazuo Ueda will attend closed-session hearings in both the House of Representatives and the House of Councillors today. Investors are wary of surprises, after hawkish signals from the governor led to a global stock market sell-off earlier this month. During the hearing, President Ueda will answer questions for five hours. The House of Representatives Financial Services Committee will begin at 9:30 a.m., and the House of Councillors Financial Services Committee will begin at 1:00 p.m., with each meeting scheduled to last two and a half hours. Just a few hours after the hearing, Federal Reserve Chairman Jerome Powell will be speaking at the Jackson Hole Forum, so Ueda is likely to limit his remarks to avoid any surprises in order to keep markets calm. Bank of Japan watchers expect the governor to adjust the level of his hawkish signals, but also indicate a willingness to proceed with cautious rate hikes if economic and price conditions develop in line with his outlook. The review is being held unusually while the Diet is out of session, reflecting politicians’ dissatisfaction with the BOJ’s policy normalization process and the market turmoil that followed its July 31 rate hike decision. Ueda’s hawkish signals were seen as contributing to the disappearance of up to $6.4 trillion from global stock markets this month. The sharp rise in the value of the yen forced a reversal of the yen carry trade, leading to a historic drop in the Nikkei average. Source below.
>> Ueda’s hawkish signals were one of the reasons that up to $6.4 trillion (about 930 trillion yen) disappeared from global stock markets this month. The man who can move 900 trillion yen with one word.
There doesn’t seem to be a live broadcast on NHK Morning Live 🌏 National Diet broadcast: Closed session review, Financial and Monetary Affairs Committee (2024/08/23) Afternoon Live 🌏 National Diet broadcast: Closed session review, Financial and Monetary Affairs Committee (2024/08/23).
There’s a lot of talk about power harassment by governors all over the country right now, but that scum of Yasuzumi was bragging about questioning the Governor of the Bank of Japan in the Diet. I thought he was an idiot who didn’t even know that the central bank is independent and thought he was a powerful person.
It looks like both Niconico and Nippon TV will be broadcasting on YouTube This is Niconico Bank of Japan Governor Kazuo Ueda attends [#DietLive] House of Representatives Financial Affairs Committee Closed Session ~August 23, 2024~ Huh? Is Niconico also broadcasting on YouTube? Is Niconico News Niconico?
Ueda is the type to be considerate, so he followed Kishida’s wishes. In that sense, his future actions will change depending on who the next prime minister is.
The stock market crash is America’s fault. As proof of this, the US economy has returned to normal after fears of a recession subsided, but financial instability remains and interest rate hikes remain on track.
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