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Daiwa’s Economic View
1 November 2024
461 KB
PDF
Ueda’s Oct press conference: No longer using “enough time” phrase
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Daiwa's Economic View
31 October 2024
554 KB
PDF
BoJ carefully charting its own path amid Japan’s political confusion
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Daiwa's Economic View
28 October 2024
561 KB
PDF
What’s next for Japan? How will BoJ respond?
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Daiwa's View
25 October 2024
603 KB
PDF
Impact of Lower House election on JGB market
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Daiwa's Economic View - BoJ's outlook
17 October 2024
591 KB
PDF
Changes over past three months; start of US interest rate cuts not leading to further yen appreciation; Japan’s economy saw weak production and consumption in Jul-Sep, but moderate growth is likely to continue
Growth rate forecast likely unchanged overall in BoJ Oct Outlook Report; Outlook for underlying inflation to remain around 2%, but upside and downside risks
BOJ board members differ on timeline for normalizing policy; Time to monitor conditions with BoJ’s Oct meeting after Japan election, before US election
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Politics Watch
3 October 2024
386 KB
PDF
Ishiba’s appointment as new prime minister could raise approval ratings for administration
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Daiwa's View - BoJ becoming aware of both upside & downside risks
2 October 2024
319 KB
PDF
One reason behind July rate hike was “risk management approach”
As Japan (BOJ) has seriously monitored only downside risks for past 25 years, we have impression that market slow to follow BOJ’s recent change to also monitoring upside risks
Increased political uncertainty (US presidential election, LDP presidential race) to reinforce need for risk management; does not necessarily mean setback for BOJ rate hikes
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Economic Commentary - BoJ Summary of Opinions and Tankan survey
2 October 2024
522 KB
PDF
Birth of Ishiba administration, snap election set for 27 Oct
Likely to follow policy framework direction laid out by Kishida administration
Expectations for better communication based on Sep “Summary of Opinions”
Sep Tankan survey confirms no major changes for corporate activity
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