Sunday, October 20

Tag: Central Banking

2024 Could Be the Year of the Yen
29Dec By adminNo Comments
Money

2024 Could Be the Year of the Yen

The Japanese yen has been one of the worst performing currencies of the past couple of years. It could do better in 2024.The yen has lost around 20% against the dollar since the end of 2021, underperforming other major currencies. Japan’s central bank kept its ultralow interest rates while most of its peers have been raising rates aggressively. Higher yields outside of Japan have driven the currency lower and lower.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says
11Dec By adminNo Comments
World

BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says

TOKYO—Takeshi Niinami, chief executive of beverage maker Suntory Holdings and the head of a Japanese business lobby, called on the Bank of Japan to raise interest rates, saying it would help boost the Japanese economy’s productivity and competitiveness.If the Bank of Japan raises interest rates, “the Japanese business community would be ready—which means they should raise interest rates, both long and short,” Niinami said in an interview with The Wall Street Journal on Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Outsize Profits Helped Drive Inflation. Now Consumers Are Pushing Back.
2Dec By adminNo Comments
World

Outsize Profits Helped Drive Inflation. Now Consumers Are Pushing Back.

Extraordinary corporate profits were a driving force in last year’s surge in inflation, a pressure that is now easing rapidly as customers push back. Across industries and regions, there are signs that the price rises that allowed some businesses to make outsize profits during the Covid-19 pandemic—even when they were selling fewer goods—are coming to an end. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The World’s Largest Buyer of U.S. Debt Isn’t Going Away
27Nov By adminNo Comments
Money

The World’s Largest Buyer of U.S. Debt Isn’t Going Away

Could the largest foreign buyer of American debt suddenly stop buying? Here is a comforting thought: This problem is probably already behind us.At a time when government issuance is massively expanding and firms face a 2025 refinancing cliff, overseas investors have gone from holding 43% of U.S. debt a decade ago to holding just 30%. Adding to the worries, the Bank of Japan might start raising interest rates next year, giving some Japanese owners a reason to repatriate their money.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The World’s Largest Buyer of U.S. Debt Isn’t Going Away
27Nov By adminNo Comments
World

The World’s Largest Buyer of U.S. Debt Isn’t Going Away

Could the largest foreign buyer of American debt suddenly stop buying? Here is a comforting thought: This problem is probably already behind us.At a time when government issuance is massively expanding and firms face a 2025 refinancing cliff, overseas investors have gone from holding 43% of U.S. debt a decade ago to holding just 30%. Adding to the worries, the Bank of Japan might start raising interest rates next year, giving some Japanese owners a reason to repatriate their money.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Glynn’s Take: Chalmers May Lean Toward Naming Outsider to RBA Deputy’s Post
14Nov By adminNo Comments
World

Glynn’s Take: Chalmers May Lean Toward Naming Outsider to RBA Deputy’s Post

Nov. 13, 2023 7:46 pm ET|WSJ ProSYDNEY—The question of how far the Reserve Bank of Australia is willing to go to remove groupthink from its ranks will be answered in the coming weeks as Treasurer Jim Chalmers moves to appoint a new deputy governor.Central to that debate is whether he promotes an official already at the RBA or opts for an outsider. Market chatter about potential candidates includes Chris Kent, the current assistant governor overseeing the operation of financial markets, and Justin Wolfers, an economist and academic who teaches at the University of Michigan.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Stay on top of inflation and monetary policy.News and commentary to help you monitor and analyze shifts in the world econ...
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How it impacts your money
1Nov By adminNo Comments
Money

How it impacts your money

The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday.Even so, consumers likely will get no relief from current sky-high borrowing costs.Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25% to 5.5%, the highest level in more than 22 years. "Relief for households isn't likely to come soon, at least not directly in the form of a cut in the fed funds rate," said Brett House, economics professor at Columbia Business School.The consensus among economists and central bankers is that interest rates will stay higher for longer, or until inflation moves closer to the central bank's 2% target rate.What the federal funds rate means for youThe federal funds rate, which i...
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Bank of Japan Raises Economic Assessment for Six of Nine Regions
19Oct By adminNo Comments
World

Bank of Japan Raises Economic Assessment for Six of Nine Regions

TOKYO—The Bank of Japan on Thursday raised its economic assessment for six of the nation’s nine regions, including the Tokyo area.The Japanese central bank maintained its view for the other regions, according to its quarterly regional economic report released at the bank’s branch managers meeting held Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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