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Search resuls for: "Kazuo Ueda's hawkish"


3 mentions found


Yen dives as BOJ plays down chance of hikes, soothing markets
  + stars: | 2024-08-07 | by ( ) www.cnbc.com   time to read: +2 min
A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a further jump in the Japanese currency could again rock global markets. The yen fell around 2.5% to a session low of 147.94 per dollar following the comments from BOJ Deputy Governor Shinichi Uchida. "I think it's become increasingly clear that the BOJ hawkish turn last week could be a policy error," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. The yen's decline was broad based, with the Mexican peso, New Zealand dollar and Australian dollar - all carry trade candidates - surging against the currency.
Persons: Shinichi Uchida, Uchida, Kazuo Ueda's hawkish, it's, Alvin Tan, inching, Rong Ren Goh Organizations: Bank of Japan, Asia FX, RBC Capital Markets, U.S, Eastspring Investments, New Zealand Locations: U.S, Tokyo, Japan, Asia
A man walks in front of the headquarters of Bank of Japan in Tokyo, Japan, January 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsSept 18 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Attention this week turns to the Federal Reserve and Bank of England policy meetings, and in Asia, the BOJ on Friday. The currency and JGB markets are sending different signals, and both will be seeking more clarity from the BOJ on Friday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Issei Kato, Jamie McGeever, Kazuo Ueda's hawkish, Bond, Li, Guindos, Panetta, Diane Craft Organizations: Bank of Japan, REUTERS, The, of, ECB, Federal Reserve, Bank of, Thomson, Reuters Locations: Tokyo, Japan, Asia, Taiwan, Philippines, Indonesia, Malaysia, Hong Kong, Bank of England, Singapore, China, Moscow
What will BOJ's policy normalisation path look like?
  + stars: | 2023-09-12 | by ( Leika Kihara | ) www.reuters.com   time to read: +4 min
Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. But his hawkish remarks have pushed up the 10-year JGB yield to a near decade-high of 0.715% on Tuesday. It also likely sees 0.8% as a threshold it wants to defend to avoid the 10-year yield from reaching 1%. That could mean the BOJ will retain the yield cap as a precaution when it raises short-term rates, some analysts say. There are no scheduled public appearances of BOJ executives until governor Ueda's regular news conference, to be held after the BOJ's next two-day policy meeting ending on Sept. 22.
Persons: Kazuo Ueda, Kim Kyung, Kazuo Ueda's hawkish, Ueda, Haruhiko Kuroda, Ueda's, Leika Kihara, Tetsushi, Shri Navaratnam Organizations: Japan, REUTERS, Rights, Bank of Japan, Rengo, NEXT, Thomson Locations: Tokyo, Japan
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