Japan Update

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Japan Update: Market on Intervention High Alert as USDJPY Tops 155

April 24, 2024

Market on Intervention High Alert as USDJPY Tops 155
BoJ to Discuss Impact of Weak Yen on Inflation at This Week’s Meeting
Corporate Service Prices Rise 2.3% in March
TSE Long/Short Ratio Nears Record High
Central Tokyo Existing Condo Prices Rise 13% in March
March Supermarket Sales Rise 9.3% on Higher Food Prices
Share Buybacks Top ¥10 Trillion in FY 2023

Japan Update: Ueda: If Prices Continue to Rise Rates Likely to Increase

April 22, 2024

Ueda: If Prices Continue to Rise Rates Likely to Increase
How Much Money is Available for Currency Intervention?
“Enterprise Value Collateral” Bill Under Consideration

Japan Update: BoJ’s Ueda: In No Hurry to Raise Rates but Weak Yen a Concern

April 19, 2024

BoJ’s Ueda: In No Hurry to Raise Rates but Weak Yen a Concern
March Nationwide CPI Up 2.6%
BoJ: 1% Rate Hike Net Plus for Households
Rengo: Base Pay Increase Averaged 3.57%
March Machine Tool Orders Fall 4%

Japan Update: Little Interest in Strong US Dollar at G20 Summit

April 17, 2024

Little Interest in Strong US Dollar at G20 Summit
March Tourist Arrivals Top 3 million for First Time
Megabanks Increase BoJ Reserves by 23 trillion in March
Online Bank to Raise Short-Term Prime Rate
Will BoJ Reduce JGB Buying at April Meeting?

Japan Update: USDJPY Tops 154: No Intervention, Large Number of 155 Knockout Puts

April 15, 2024

USDJPY Tops 154: No Intervention, Large Number of 155 Knockout Puts
February Machinery Orders Up 7.7% from January
Retailers See Slower Earnings Growth for FY 2024
Nowcast Sees 3.9% Consumption Growth in Second Half of March
AI Boom Sparks Big Increase in Demand for SPE

Japan Update: MoF Issues Intervention Warnings but Stays Sidelined While Kishida in US

April 12, 2024

MoF Issues Intervention Warnings but Stays Sidelined While Kishida in US
Japan’s Population Declines for Thirteenth Consecutive Year
Tokyo Office Vacancy Rate Falls to Three-Year Low
JGB Traders Sell Short End in Anticipation of Multiple Rate Hikes

Japan Update: USDJPY: Market on Intervention Watch as Yen Weakens

April 10, 2024

USDJPY: Market on Intervention Watch as Yen Weakens
BoJ: The Next Rate Hike May Not be So Easy
March Corporate Price Index Rises 0.8%
Rent Index Rises for First Time in 25 Years
March Consumer Confidence Hits Five-Year High

Japan Update: March Economy Watcher’s Index Lower on Poor Weather, Inflation

April 8, 2024

March Economy Watcher’s Index Lower on Poor Weather, Inflation
February Real Wages Fall 1.3%
February Current Account Hits ¥2.6 Trillion
Weak Yen Has Little Impact on Corporate Profitability
JGBs Sold on Reduced Prospect for Lower US Rates
Nippon Express Holdings (9147) to Increase Logistics Centers to Support Semiconductor Manufacturing
Semiconductor Materials Suppliers Boost Domestic Production

Japan Update: Ueda Suggests He Is Open to Rate Hike in Fall

April 5, 2024

Ueda Suggests He Is Open to Rate Hike in Fall
2-Year JGB Yield Hits 13-Year High
February Real Consumption Falls 0.5%