![]() They say there is still a small chance that the BOJ will move toward one rate hike in early 2019, just months before a new consumption tax hike takes place in October.īOJ Governor Kuroda stressed in a speech Monday that the central bank needs to continue its monetary easing, but not necessarily in the same way it has in the past five years. And some see this as laying the groundwork for stealth rate hikes. Now, some analysts think that the more hawkish members of the BOJ board are attempting a “stealth exit.” The BOJ decided to allow long-term interest rates to move more flexibly around its zero percent target in July. Experts point out that the BOJ is “stealth tapering.” The central bank is actually purchasing less than half of the JGBs it said it intends to. The European Central Bank plans to follow suit by ending its asset buying program by the year-end.Īnd even the most cautious Bank of Japan may finally join the group. The minutes from the latest Federal Reserve policy meeting show that Chairman Jerome Powell and his colleagues will continue to raise interest rates no matter what President Donald Trump says. ![]() The 2 countries are on their way to marking their longest economic recovery period in a matter of months. Japan and the US have both been enjoying the fruits of the era of easy money. The Dow Jones Industrial Average and the Nikkei 225 both dropped 9 percent in the month of October ![]() ![]() On October 31st, the Chinese yuan fell to its weakest since the 2008 global financial crisis. The Dow Jones Industrial Average and the Nikkei 225 both dropped 9 percent in the month of October. ![]()
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