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Top related persons:
Goushi Kataoka - 2 Divya Chowdhury - 2 Savio Shetty - 2 Takahide Kiuchi - 1 Boris Vujcic - 1 Robert Holzmann - 1 Christian Hawkesby - 1 Hawkesby - 1
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Reuters Global Markets - 2 Thomson - 2 Former Bank of Japan - 1 European Central Bank - 1 ECB - 1 Reserve Bank of New Zealand - 1 Bank of Japan - 1

Search resuls for: "Goushi Kataoka"


3 mentions found


☆ Policymakers see darker days ahead in China as growth sputters
  + stars: | 2023-09-07 | by ( Divya Chowdhury | ) www.reuters.com   time to read: +3 min
MUMBAI, Sept 6 (Reuters) - Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure- and investment-led economy to becoming consumption-driven as "difficult". "The inflation rate in China is around 0% - that means distortion of domestic demand and domestic supply," he said. This follows economic growth in 2022 recorded at one of its worst levels in nearly half a century. The Croatian central bank chief sees narrowing room for expansionary policies in China, adding, "We have to be careful." The RBNZ has already factored in "a pretty subdued period" for commodity prices within their projections, before they see them beginning to rise again, Hawkesby said.
Persons: Takahide Kiuchi, Goushi Kataoka, Boris Vujcic, Robert Holzmann, Christian Hawkesby, Hawkesby, Divya Chowdhury, Savio Shetty, Lisa Mattackal, Mehnaz Yasmin, Mark Heinrich Our Organizations: Former Bank of Japan, Reuters Global Markets, European Central Bank, ECB, Reserve Bank of New Zealand, Thomson Locations: MUMBAI, China, Europe, Croatian, Austrian, United States, Mumbai, Bengaluru
☆ Reaching 2% inflation goal necessary for BOJ easy policy exit, says ex-board member Kataoka
  + stars: | 2023-09-04 | by ( Divya Chowdhury | ) www.reuters.com   time to read: +2 min
MUMBAI, Sept 4 (Reuters) - The Bank of Japan (BOJ) will be able to gradually shift away from its easy monetary policy only after ensuring its 2% inflation goal has been sustainably achieved, former board member Goushi Kataoka said on Monday. Kataoka expected the Spring 2024 wage negotiations to be key for the BOJ's inflation mission, Kataoka, currently chief economist at PwC Japan, told the Reuters Global Markets Forum. Once it begins exiting policy, Kataoka expects the BOJ to first remove the peg on the 10-year Japanese government bond (JGB) yield, then exit its negative interest rate policy, and finally scrap the YCC policy. "Allowing the guide rate to effectively go as low as 1% would not be possible until the 2% (inflation) target is achieved," Kataoka said. "I'm worried about the stance of Kishida cabinet," he said, describing the previous administrations' tax hikes in 2014 and 2019 as undermining the Kuroda's bold monetary policy experiment.
Persons: Goushi Kataoka, Kataoka, Haruhiko Kuroda, BOJ, I'm, Divya Chowdhury, Savio Shetty, Anisha, Christina Fincher Organizations: Bank of Japan, Reuters Global Markets, Thomson Locations: MUMBAI, Mumbai, Bengaluru
☆ BOJ to keep ultra-low rates, remain global outlier despite weak yen
  + stars: | 2022-09-21 | by ( Leika Kihara | ) www.reuters.com   time to read: +4 min
Any such decision could drive down the Japanese currency further from 24-year lows hit in recent weeks, as investors focus on the widening gap between Japan's ultra-low interest rates and the U.S. Federal Reserve's aggressive rate hike plans. "With other central banks hiking rates, the BOJ's negative rate policy will come under the spotlight and may unleash further yen selling." The BOJ's rate review will be the first one for Hajime Takata and Naoki Tamura, who joined the nine-member board in July. They succeeded former commercial banker Hitoshi Suzuki and economist Goushi Kataoka, a vocal advocate of aggressive easing who consistently voted against keeping rates steady. A unanimous vote would suggest the two newcomers are unlikely to rock the boat on monetary policy for the time being.
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