US EditionYen’s Rapid Fall Complicates Takaichi Hopes for Slower BOJ Hikes
9 Articles
9 Articles
"It is the government that must take responsibility for monetary policy," Sanae Takaichi, who defied expectations and won the LDP presidential election, said at a press conference on the 4th. It's clear she has in mind the further interest rate hikes the Bank of Japan is exploring...
The Sunday Guardian Live
ZawyaYen heads for sharpest weekly fall in a year as rate hike wagers recede
By Ankur Banerjee SINGAPORE (Reuters) -The yen was set for its steepest weekly drop in a year on Friday, as investors fretted about fast-receding chances of another rate hike this year while comments from Japan's likely next prime minister failed to soothe market jitters. The yen was last steady at 153.12 per U.S. dollar in early Asian hours, hovering near its weakest level since mid-February. The Japanese currency is on pace for a nearly 4% dro…
The Bank of Japan (BOJ) must be cautious about raising interest rates again, as the economy remains fragile, said yesterday, October 9, Etsuro Honda, an economic adviser close to Sanae Takaichi, who is likely to become the country’s next prime minister. “Japan is at a delicate stage at this time, when the deflationary mentality that has prevailed for a long time is gradually giving way to a more positive inflationary perspective,” said Honda, Ta…
TOKYO.— Japan’s likely next prime minister’s promise to reaffirm the government’s influence on the central bank has aroused fears of political interference in monetary policy. However, the weakness of the yen and political tensions could limit any attempt at pressure. Sanae Takaichi is about to become Japan’s next head of government and has already shaken markets by declaring that she will take control of the orientation of monetary policy after…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
