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HKD/JPY News
Ueda Appears More Confident About Prices, Ex-BOJ Director Says
Bank of Japan Governor Kazuo Ueda is apparently becoming more confident on the outlook for inflation based on his recent comments, according to a former BOJ executive director who finished her term last month.
Japan's FinMin Urges Government to Issue Shorter Term Debt to Reduct Interest-rate Risk
Having reviewed a draft proposal, Reuters reported that the Japanese Finance Ministry panel is likely to urge the government to issue shorter-duration debt to reduce interest-rate risk.
Minutes of the Bank of Japan's April meeting: Discussing the acceleration of policy normalization and implying a possible rate hike in July.
Minutes of the meeting show that the board of directors of the Bank of Japan discussed the possibility of accelerating the pace of policy normalization, as the impact of the weak yen on inflation may require a response from the central bank.
Japan's Trade Deficit Widens in April as Imports Offset Export Growth
Japan's trade deficit narrowed to 1.221 trillion yen in May from 1.382 trillion yen a year earlier after a double-digit year-over-year export growth was offset by the increased value of imports amid a
BOJ's Minutes Show Debate on Rate Hikes With Close Eyes on Yen
Bank of Japan board members discussed the possibility of pursuing a faster pace of policy normalization amid ongoing risks that the weak yen’s effect on inflation might force a response by the bank, according to minutes from the April policy meeting.
Bank of Japan Likely to Continue Raising Rates, Fitch Says -- Market Talk
The Bank of Japan may raise the policy rate two more times this year to lift the bottom of its target range to 0.2%, and another two times in 2025 to 0.4%, Fitch Ratings says in its latest global economic outlook.
BOJ's Ueda Reiterates July Hike Possible Even With JGB Buy Cuts
Bank of Japan Governor Kazuo Ueda reiterated that an interest rate hike at next month’s policy board meeting is possible even as the central bank plans to announce details of its plan to cut bond buying at the same time
Japan's Suzuki: Interest Rates Are Set by Markets
Japanese Finance Minister Shunichi Suzuki said on Tuesday that interest rates are set by markets, reflecting JGB demand and various aspects. However, Suzuki declined to comment on the Bank of Japan's (BoJ) decision last week on the planned reduction of JGB purchases.
BoJ's Ueda: Possible Rate Increase in July Depending on Data
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that there is a chance that the Japanese central bank could raise interest rates at the July meeting, depending on economic, price and financial data and information available at the time.
Hong Kong Census and Statistics Department: In the first quarter, the total income of Hong Kong residents increased by 9.6% year-on-year to 831 billion Hong Kong dollars.
In the first quarter of 2024, the total income of Hong Kong local residents (referring to the total income earned by Hong Kong residents through various economic activities) calculated at the then market price increased by 9.6% to HKD 831 billion, compared to the same period last year.
Hong Kong Exchanges and Clearing Limited has proposed five policy recommendations to promote the dual growth of liquidity and efficiency in Hong Kong's capital markets.
According to the Zhongtong Finance APP, on June 17th, Hong Kong's Financial Services and the Treasury Bureau released a research report entitled "Promoting Dual Growth of Liquidity and Efficiency: Optimizing Hong Kong's Securities Trading Mechanism and Market Operations".
Forex Today: Japanese Yen Slides as BoJ Maintains Policy Settings
The Japanese Yen (JPY)stays under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
Core inflation may accelerate, and the Bank of Japan is expected to raise interest rates further.
Economists expect that Japan's core CPI year-on-year growth rate in May may accelerate from 2.2% last month to 2.6%, which will lead to the Bank of Japan continuing to raise interest rates in the coming months.
The Bank of Japan kept interest rates unchanged and announced that it will not decide on reducing its bond-buying program until next month. The yen fell close to the "intervention range".
The Bank of Japan kept interest rates unchanged on Friday, but stated that the reduction in bond purchases will be announced at the July meeting, which in fact is delaying the process of normalizing monetary policy. On June 14, the Bank of Japan announced its latest interest rate decision, maintaining the benchmark interest rate at 0-0.1%, and the committee unanimously agreed on the interest rate resolution by 0-9, which was in line with market expectations. In terms of bond purchases, the Bank of Japan was "ambiguous," announcing a reduction in the amount of government bond purchases, but continuing to purchase bonds based on the March decision, and will announce a reduction in the bond purchase plan at the next July meeting, deciding on the purchase of government bonds for the next 1-2 years. The Bank of Japan stated that it will hold a "bond market"
Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts
The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by
Japanese Yen Remains Subdued Ahead of BoJ Policy Decision
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday
Chung Yuan Mortgage: The interest rate reduction cycle in Hong Kong may start from the end of this year to the first quarter of next year.
Wang Meifeng said that the interest rate reduction cycle in Hong Kong has the opportunity to start from the end of this year to the first quarter of next year, and then the interest rate in Hong Kong may fall to 4% or below.
Japan's Producer Inflation Hits Fastest Clip in Nine Months
The pace of gains in Japan’s producer prices quickened more than expected in May, registering the fastest clip in nine months, adding to signs of simmering inflationary pressure ahead of the Bank of Japan’s meeting this week.
Producer prices in Japan have increased at the fastest pace in nine months, adding to the accumulated signs of inflationary pressure.
Japan's producer price growth in May exceeded expectations, reaching the fastest growth rate in nine months, exacerbating signs of inflationary pressure on the eve of the Bank of Japan meeting this week. The Bank of Japan announced on Wednesday that the indicator measuring Japanese business input prices rose 2.4% year-on-year. This increase exceeded economists' expectations of 2%, mainly due to the increase in wind power surcharges. The price index rose 0.7% month-on-month, the largest increase in 18 months. The report showed that the cost of imported materials denominated in yen rose 6.9%, the largest increase since March last year, indicating that the yen-dollar exchange rate touched on April 29.
Japan's Producer Prices Climb 2.4% in May
Producer prices in Japan grew 2.4% year over year in May, faster than the revised reading of a 1.1% growth in April, marking the highest producer inflation rate since October 2023, preliminary data from the Bank of Japan on Wednesday showed.