Japan - Bank of Japan (BOJ)

[behappyalways]

Yen Plunges After BOJ's Ueda Admits It's "Difficult To Exit Negative Rates", Shattering Normalization Hopes
https://www.zerohedge.com/markets/yen-p ... shattering

[behappyalways]

Japan is in a whole other world of central bank excess
https://twitter.com/Mayhem4Markets/stat ... 3911087381

[winston]

BOJ Risks Roiling Markets With Traders Underprepared for March

by Masahiro Hidaka

Traders of overnight indexed swaps — who last year were certain that the central bank would end its negative-interest-rate policy by the March 18-19 gathering — now see the chances around 34%.

By contrast, economists who previously considered a move next month as unlikely are now talking about the meeting as a “live” event.

Overall, the economists still forecast April as the most likely time for a policy shift.

“If negative interest rates are lifted in March, bond yields may jump unexpectedly.”

This is in turn would probably strengthen the yen, which until recently has supported the Japanese stock market, in part because its weakness helped exporters.

Higher yields in Japan would also encourage the nation’s institutional investors, who are among the biggest players in global bond markets, to keep more money at home.

Source: Bloomberg

https://finance.yahoo.com/news/boj-risk ... 03545.html

[winston]

MUFG readies for rate lift-off this month

When will the Bank of Japan (BoJ) exit negative interest rates? The country’s biggest bank expects the move to come in two weeks.

BoJ will likely make an additional hike to take the policy rate to 0.25% by October at the latest “to secure future policy flexibility” after raising rates at its next meeting on March 19 for the first time since 2007.

There will be “structural changes” in the Japanese government bond (JGB) market once the BoJ ends negative rates and starts paying 0.1% interest rates on reserves. This will likely trigger a fall in demand for JGBs, pushing down their prices and driving up yields.

Source: Bloomberg

https://www.thestar.com.my/business/bus ... this-month

[behappyalways]

Bank of Japan President Kazuo Ueda said that "the fight against inflation will still take a long time", dampening market expectations for a rate hike in March...
The yen fell below 150 again

日央總裁植田和男提"抗通膨仍漫長" 澆熄市場3月升息期待...日圓又貶破150｜非凡財經新聞｜20240301

https://m.youtube.com/watch?v=8Mrrk8ntK2Y

[behappyalways]

Catch a ride on the raging train of Japanese stocks!
The Bank of Japan and the retirement fund have increased their exposure to Japanese ETFs and become a super-large investor.
The market value of the Bank of Japan’s holdings is equal to the entire year’s tax revenue.
The profit exceeded NT$7 trillion, a record high.

搭上日股狂飆列車! 日央.退休基金加碼日本ETF成超級大戶 日央持有市值等於整年稅收 獲利逾7兆台幣創史上新高｜非凡財經新聞｜20240310

https://m.youtube.com/watch?v=I9u5pV3GTfA

[behappyalways]

Is Japan out of negative interest rates?
Bank of Japan: Wage increases and prices have not yet stabilized

日本走出負利率? 日銀:加薪與物價尚未穩定｜方念華｜FOCUS全球新聞 20240312 @tvbsfocus

https://m.youtube.com/watch?v=uW5gHyJP6go

[behappyalways]

BOJ neg rates ahead of upcoming meeting: heavy press leaking activity
https://twitter.com/acrossthespread/sta ... 0787536909

[behappyalways]

BANK OF JAPAN TO LIFT INTEREST RATES FOR THE FIRST TIME IN 17 YEARS DUE TO WAGE INCREASES - NIKKEi
https://twitter.com/financialjuice/stat ... 6850723069

[winston]

How to Invest in Japan as the BOJ Prepares to Hike Rates

By Claire Ballentine

Wages and exports increasing.

Higher rates may curb growth and tame the stock market rally.

Growth-oriented companies in particular may face challenges if higher rates lead to the yen appreciating because that would make their goods more expensive abroad.

Source: Bloomberg

https://www.bloomberg.com/news/articles ... ify%20wall