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cover of episode Tracking the Yen's Impact on BOJ Policy

Tracking the Yen's Impact on BOJ Policy

2025/2/21
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive AI Chapters Transcript
People
M
Mary Nicola
V
Vance Howard
Topics
我观察到日本央行对通胀的最新数据反应积极，这增强了其继续收紧货币政策的信心。尽管3月份的会议可能不会加息，但如果数据继续向好，5月份的会议将是加息的可能时机。日元走强是多种因素共同作用的结果，既有美国债券市场低收益率的影响，也有日本国内经济形势向好的推动。日元对欧元的升值趋势预计将持续，因为两国之间的利率差正在缩小。

Deep Dive

Chapters
This chapter analyzes the recent surge in the Japanese yen and its potential implications for the Bank of Japan's monetary policy. The discussion covers rising inflation in Japan, the BOJ's approach to rate tightening, and the yen's strength against other currencies like the euro and the dollar. The impact of US bond market yields on the yen is also considered.
  • Core CPI in Japan rose to 3.2% in January, exceeding forecasts.
  • The BOJ is expected to resume tightening based on inflation progress and economic indicators.
  • The yen's strength is attributed to both domestic factors and lower US yields.
  • The next BOJ meeting with potential rate hikes is likely to be in May.

Shownotes Transcript

On today's episode, we look at how recent movement in the Yen may impact the Bank of Japan's approach to rate strategy with Mary Nicola, Bloomberg MLIV Strategist in Singapore. Plus - a look at how disappointing earnings from Walmart rattled investors after retail sales data signaled an abrupt pullback by US consumers. We hear from Vance Howard, CEO and Portfolio Manager at Howard Capital Management.

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