The two major asset management giants support the Bank of Japan's hawk, saying that interest rate hikes will exceed market expectations

The Zhitong Finance App learned that Ales Koutny, head of international interest rates at Vanguard, said that the market has underestimated the degree of hawkish policy the Bank of Japan needs to adopt this year to boost the struggling yen. His opinion is consistent with Pacific Investment Management (Pacific Investment Management), which is also a bond giant. Both believe that the Bank of Japan will raise interest rates by 75 basis points this year. Koutny believes that the Bank of Japan's benchmark interest rate will reach 0.75% at the end of the year from the current range of 0% to 0.1%, and will raise interest rates in June as soon as possible

Zhitong Finance23:27 ET

Japan's Current Account Surplus Balloons 44% in March

Japan reported a current account surplus of 3.399 trillion yen in March, up 44% from 2.36 trillion yen in the prior-year period, preliminary data released by the Ministry of Finance on Friday showed.

MT Newswires21:52 ET

Vanguard Joins Pimco in Seeing More BOJ Rate Hikes Than Market

Vanguard Group Inc.’s Ales Koutny says the market is underestimating just how hawkish the Bank of Japan will need to be this year to boost the beleaguered yen.

BNN Bloomberg20:34 ET

Japan's Households Cut Outlays Again With Inflation Still Sticky

Japan’s households cut spending again as sticky inflation weighed on sentiment, clouding the prospects for the economic virtuous cycle sought by the central bank.

BNN Bloomberg20:22 ET

Japan's Suzuki: Appropriate Actions Will Be Taken on FX If Needed

Japanese Finance Minister Shunichi Suzuki said on Friday that he will closely watch the foreign exchange (FX) move, adding that he will take necessary measures regarding FX if required.

FXStreet20:03 ET

Bank of Canada: Canadian households can repay their debts at higher interest rates

According to the Bank of Canada's latest annual financial stability report, Canadian households seem to be able to bear this burden despite rising borrowing costs

Zhitong Finance18:00 ET