Scotiabank Previews Bank of Canada Action This Year, in 2025
The exchange rate of the yen has once again recovered all the declines for the year, and Bank of Japan officials confirm that the door to raising interest rates is still open.
① The US dollar weakened significantly against the Japanese yen, with a lowest reported rate of 140.71 within the day, the lowest level since December 29th of last year; ② Bank of Japan's board member Junko Nakagawa stated that if inflation develops as expected by the bank, there will be further interest rate hikes.
The yen rebounds! The Bank of Japan and the Federal Reserve are moving in opposite directions, with Wall Street warning: "Black Swan" may fly out again.
Will the yen carry trade be closed out or make a comeback?
Institutions: Japanese wage growth is set to exceed inflation for the first time in over 30 years.
Asset Management One believes that real wages in Japan are expected to achieve the first growth in over 30 years in the second half of this year. The company pointed out in a recent report that compared to 2023, the pace of wage increases in Japan is faster. In July, the average monthly cash income in the country increased by 3.6% compared to the same period last year. In contrast, the core consumer price index in Japan in July (excluding fresh food) rose by 2.7%. Real wages in Japan increased by 0.4% year-on-year in July, marking the second consecutive month of growth following a 1.1% increase in June. Asset Management One
Yen jumps, senior official of the Bank of Japan: as long as the economy meets expectations, interest rates will continue to rise.
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