Category Finance

Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with…

Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with…

Aware of criticism on communication being insufficient, with regards to post-July meeting market routWould be good to have communicate more frequently on our view on price outlookMarket rout in early August was temporaryThe impact on consumption and financial system is negligibleSome evident in CPI data today that wage…

US economy achieving soft landing is our main scenarioIf US economy achieves soft landing, negative impact on Japan economy would be smallJapan interest rate is probably still lower than neutral rate despite rate hikesWe don’t react directly to forex rates but their impact on inflation outlookWe will not…

Fundamental Overview The Fed this week finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with…

It is better to remain restrictive for longerWe can cut more aggressively later once inflation risk is containedThere appears to be more upside risks to inflation in the UKUK has seen more of an impact on services pricesContemplated to vote to cut rates in August but wanted to…

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German DAX futures -0.4%UK FTSE futures -0.5% This comes with US futures also marginally lower by around 0.1% currently. Equities enjoyed some post-Fed euphoria in trading yesterday but the party is meeting a bit of a pause as we turn over to the new day. That is keeping…

We have left the door totally open The headline rebuffs the narrative that they are set to keep rates unchanged next month. They may be “open” to moving at any meeting but it is clear that they are comfortable with leaving things as they are for October, at…

Uncertainties surrounding Japan’s economy, prices remain highMust pay due attention to financial markets and impact on the economy, pricesWill keep adjusting degree of easing if outlook on economy, prices is to be realisedWill monitor economic, market trends with extremely high sense of urgencyMarkets remain unstable (referring to Uchida’s…