US EditionJapan PM Voiced Concerns About Further Rate Hikes to BOJ, Mainichi Reports
Markets cut odds of Bank of Japan rate hikes after PM Takaichi expressed caution to BOJ Governor Ueda, with traders pricing a 51% chance of an April increase.
- On Tuesday, Japan PM Sanae Takaichi reportedly told BOJ Governor Ueda she had reservations about further rate hikes, weakening the yen.
- Before the report, economists polled by Reuters priced in the rate target of 1% by end-June and April rate-hike odds, but traders now price lower odds.
- Market strategists flagged the reaction, and the dollar index rose 0.14% to 97.82 while the euro was at $1.178 amid FX moves.
- After the BOJ held rates last Friday the yen stayed rangebound, and China's offshore yuan traded 0.16% higher at 6.878 per dollar, according to a news report.
- The news report said the US began collecting a 10% global import tariff under Section 122, which allows up to 15% and requires congressional approval after 150 days.
14 Articles
14 Articles
Japan PM voiced concerns about further rate hikes to BOJ, Mainichi reports
Japanese Prime Minister Sanae Takaichi expressed reservations about additional interest rate hikes during her meeting with Bank of Japan Governor Kazuo Ueda last week, The Mainichi daily reported on Tuesday, citing multiple unnamed sources.
Yen weakens on report Japan prime minister questioned rate hike plans | Honolulu Star-Advertiser
NEW YORK >> The yen slipped today after a news report that Japanese Prime Minister Sanae Takaichi had conveyed her reservations about further interest rate hikes to Bank of Japan Governor Kazuo Ueda, raising doubts over the next rate increase. The report, if true, signals potential friction over monetary policy that could complicate the BOJ’s timetable as coordination with the newly strengthened administration becomes more delicate.
Yen slips on rate-hike concerns; Aussie gains as inflation rises
The Japanese yen remained under pressure in early Asian trading on Wednesday after media reports suggested Prime Minister Sanae Takaichi had expressed reservations about further interest rate increases during talks with Bank of Japan Governor Kazuo Ueda. According to a report by Mainichi Shimbun, Takaichi conveyed her concerns about additional tightening measures last week. The news unsettled currency markets, as investors fear potential frictio…
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