The Japan News on Nostr: Bank of Japan cautiously Upbeat on US Outlook, Warns of Jittery Markets ========== ...
Bank of Japan cautiously Upbeat on US Outlook, Warns of Jittery Markets
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Bank of Japan Governor Kazuo Ueda expressed cautious optimism about the U.S. economic outlook during a press conference on October 25, 2024, following the G20 finance leaders' gathering; he noted that while optimism is broadening, market instability remains a concern; Ueda highlighted uncertainty over a U.S. 'soft landing' as a key risk; Japan's central bank is expected to maintain its short-term policy rate at 0.25% during the upcoming policy meeting; the yen has recently declined to around 153 to the dollar, raising concerns about rising import costs; Finance Minister Katsunobu Kato warned against currency speculation and emphasized the need for vigilance regarding macroeconomic spillovers; the IMF advised gradual rate hikes to mitigate global economic impacts.
#BankOfJapan #KazuoUeda #KatsunobuKato #UsEconomy #Yen #InterestRates #G20 #Imf #CurrencySpeculation #MarketVolatility
https://japannews.yomiuri.co.jp/news-services/reuters/20241025-218472/
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Bank of Japan Governor Kazuo Ueda expressed cautious optimism about the U.S. economic outlook during a press conference on October 25, 2024, following the G20 finance leaders' gathering; he noted that while optimism is broadening, market instability remains a concern; Ueda highlighted uncertainty over a U.S. 'soft landing' as a key risk; Japan's central bank is expected to maintain its short-term policy rate at 0.25% during the upcoming policy meeting; the yen has recently declined to around 153 to the dollar, raising concerns about rising import costs; Finance Minister Katsunobu Kato warned against currency speculation and emphasized the need for vigilance regarding macroeconomic spillovers; the IMF advised gradual rate hikes to mitigate global economic impacts.
#BankOfJapan #KazuoUeda #KatsunobuKato #UsEconomy #Yen #InterestRates #G20 #Imf #CurrencySpeculation #MarketVolatility
https://japannews.yomiuri.co.jp/news-services/reuters/20241025-218472/