CADJPY CAD/JPY
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CAD/JPY News
Forex Stability Is What Japan's Manufacturers Want Most, BOJ Poll Shows
Japanese manufacturers would prefer to see the Bank of Japan (BOJ) prioritise stable currency markets as a bigger monetary policy focus than the pursuit of stable inflation and economic growth, according to a major corporate survey by the central bank.
BoJ Survey: Japan on Cusp of Seeing Big Changes in Corporate Activity
Many firms said they can no longer hire enough workers if they curb wages.
Investment banks have different opinions on whether or not the Bank of Canada will cut interest rates in June. The market is likely to predict 40%!
Forecasters expect that this week's data will show Canada's CPI decline in April, but financial markets are still uncertain whether the Bank of Canada will cut interest rates in June. The Bank of Montreal said that the Bank of Canada may need to see lower levels of inflation to persuade it to cut interest rates in June. The financial market currently believes that the possibility that the Bank of Canada will cut interest rates in June is about 40%. Meanwhile, some economists insist that interest rates will be cut in June, such as the Royal Bank of Canada.
Japan's Tertiary Industry Index Slips in March
Japan's tertiary industry index edged off 0.6% on year in March to 110.2 points, weighed down mainly by retail and wholesale trade, the Ministry of Economy, Trade, and Industry reported on Monday.
Japan's 10-Year Bond Yield Hits Decade-High Amid BOJ Policy Bets
apan’s benchmark government bond yield climbed to highest since 2013 amid expectations that the Bank of Japan is committed to normalizing interest rates and supporting the struggling yen.
Japan's Consumer Inflation Likely Eased in April -- Market Talk
Japan's core consumer price inflation, which excludes fresh food, is expected to ease to 2.2% on year in April from 2.6% in March, Moody's Analytics says in a note.
Canadian Dollar treads water on tepid Friday
The Canadian Dollar (CAD) traded softly on a low-volatility Friday, sticking close to the midrange.
Canadian Inflation Expected to Show Further Cooling in April -- Market Talk
Next week's Canadian inflation report for the April will be the last major data before the central bank's June 5 rate decision and, baring an upside surprise, is likely to reinforce that soft economic conditions and labor market warrant a quarter-point cut, Royal Bank of Canada's Nathan Janzen and Carrie Freestone say.
BOJ May Raise Rates as Soon as June, Ex-Chief Economist Says
The Bank of Japan may raise its benchmark interest rate as many as three more times this year, with the next move potentially coming as early as June given how much room there is to adjust its “excessively” easy settings, according to a former BOJ chief economist.
Canadian Inflation Set To Ease Further But BoC May Need More Clarity -- Market Talk
Canadian headline and core inflation measures are expected to have edged lower in April, offering some support for a central bank seeking sustained progress on price pressures.
Japan's Revised Industrial Production Up 4.4% Month on Month in March
Japan's industrial production gained 4.4% month on month in March, better than the 3.4% market consensus expected, as well as the 0.1% month-on-month increase in February, data from the Ministry of Economy, Trade and Industry on Thursday showed.
Japanese Yen Depreciates After Decline in Q1 GDP
The Japanese Yen weakens after growth contracts by 0.5% in Q1.
Japan Industrial Production Gains in April
Japan's industrial production in April rose a seasonally 4.4% from March, though it still declined 6.2% on year, reported the Ministry of Economy, Trade and Industry (METI) on Thursday.
The Q1 economic decline exceeded expectations and cast a shadow over the Bank of Japan's path to raise interest rates
The Zhitong Finance App learned that as the weak yen continued to hit consumers, Japan's economy declined faster than expected in the first quarter, which posed a new challenge for the Bank of Japan to further raise interest rates. According to preliminary data released on Thursday, Japan's gross domestic product (GDP) fell 2.0% year on year in the first quarter, a decline greater than the 1.5% expected by economists. The downwardly revised data shows that Japan's GDP grew little in the fourth quarter of 2023 due to lower capital expenditure expectations. The weak economy is making it difficult for the Bank of Japan to control. In March of this year, the Bank of Japan raised interest rates for the first time since 2007. Since then, it has been hinted that it is intended
Japan Soft GDP Puts Spotlight on Yen's Economic Impact -- Market Talk
Japan's soft 1Q GDP data has put the spotlight on whether a weak yen benefits the economy, DBS Group Research economists say.
Japan Weak 1Q GDP Dims Full-Year Growth Prospects -- Market Talk
Japan's weaker-than-expected 1Q GDP print prompts DBS Group Research to cut its full-year growth forecast for the country.
Japan's Shrinking Economy Hints at Stagflationary Risk
Japan’s lack of growth over the last three quarters points to the risk of a sputtering economy transitioning toward a mild bout of stagflation instead of the positive growth cycle long sought by the central bank.
BOJ May Need Clearer Signs of Private Sector Recovery Before Hiking Rates Further -- Market Talk
Japan's weak 1Q GDP data supports HSBC's view that the Bank of Japan will need to wait for clearer signs of improvement in private sector activity before hiking rates further.
Japan's Shindo: The Economy is Expected to Continue a Moderate Recovery
Japan's Economy Minister Yoshitaka Shindo said on Thursday that Japanese economy is expected to continue moderate recovery. Shindo further stated that he will closely monitor the risks related to foreign exchange fluctuations that would push up domestic prices.
Japan's 1Q GDP Was Weak, But Payback Might Be Coming in 2Q -- Market Talk
Japan's 1Q GDP print was weaker than expected but a rebound could be coming, ING economists say.