The average forecast for inflation over the coming year was plus 12.2% in a Bank of Japan survey last month, up from plus 11.5% in the previous survey about three months earlier. https://www.japantimes.co.jp/business/2025/04/12/economy/japan-inflation-survey/?utm_medium=Social&utm_source=mastodon #business #economy #boj #inflation #surveys
Japanese households’ inflation expectations rose to the highest level on record on elevated costs of living, highlighting potential challenges for the Bank of Japan’s monetary policy efforts. https://www.japantimes.co.jp/business/2025/04/11/boj-price-expectations/?utm_medium=Social&utm_source=mastodon #business #boj #inflation #us #tradewar #tariffs #donaldtrump #kazuoueda #shigeruishiba #japaneseeconomy #economicindicators
Gov. Kazuo Ueda, who marked two years on the job this week, must now lead the Bank of Japan as the economy is buffeted by the worst trade war in decades, possibly ever. https://www.japantimes.co.jp/business/2025/04/11/economy/ueda-two-years/?utm_medium=Social&utm_source=mastodon #business #economy #kazuoueda #boj #donaldtrump #us #usjapanrelations #tariffs #japaneseeconomy #trade
Japan's producer prices climbed 3.3% in fiscal 2024 from the previous year, rising for the fourth successive year, as rice prices shot up and firms raised prices to reflect higher materials and labor costs. https://www.japantimes.co.jp/business/2025/04/10/japan-producer-prices-up-fiscal-2024/?utm_medium=Social&utm_source=mastodon #business #economicindicators #japaneseeconomy #boj #inflation
Prime Minister Shigeru Ishiba nominated a former Mitsubishi executive to join the Bank of Japan’s board at the end of June, offering a new voice at the central bank as it navigates intensified uncertainty. https://www.japantimes.co.jp/business/2025/04/10/economy/boj-new-board-member-nomination/?utm_medium=Social&utm_source=mastodon #business #economy #boj #mitsubishi #kazuyukimasu #kazuoueda
@GhostOnTheHalfShell the explanation i've settled on for myself about the various japanese carry trades is pretty simple:
1. ever since the 1989 crash Bank of Japan has loaned out money at insanely low rates (0% or even negative sometimes IIRC)
2. people like to borrow money from bank of japan and invest it in other stuff (like US treasuries) and pick up a small rate of return (e.g. if a japanese bank is charging 0.5% and treasuries pay 2% you can make 1.5% "for free")
3. because the rate of return is low people juice their returns by levering the fuck up and borrowing $50 for every $1 they're actually putting in
4. this amount of leverage means that even small movements in the value of the asset (e.g. US treasuries) blows people up (e.g. at 50x leverage a 2% move is death)
the specifics of each carry trade are hard to follow but BOJ has been regarded as a ticking time bomb for a long time now
Bank of Japan Gov. Kazuo Ueda has signaled he’s taking a wait-and-see approach to policymaking as he awaits more clarity on U.S. tariffs. https://www.japantimes.co.jp/business/2025/04/09/economy/boj-ueda-tariffs-reactions/?utm_medium=Social&utm_source=mastodon #business #economy #boj #tariffs #us #japaneseeconomy
Japan’s nominal wages rose more than expected in a positive sign for the domestic economy just as external headwinds related to trade begin to cloud the outlook. https://www.japantimes.co.jp/business/2025/04/07/economy/japan-nominal-wages-rise/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #wages #economicindicators #boj #inflation #shigeruishiba
Households in Japan have cut back on spending amid elevated inflation ahead of sweeping U.S. tariffs hitting the country. https://www.japantimes.co.jp/business/2025/04/04/economy/japan-household-spending-drop-february/?utm_medium=Social&utm_source=mastodon #business #economy #economicindicators #japaneseeconomy #boj #tariffs #inflation
A former Bank of Japan board member who just finished his term said that unless U.S. tariffs trigger global market turmoil, the central bank could raise its benchmark rate at its next policy meeting in May. https://www.japantimes.co.jp/business/2025/04/03/economy/ex-board-member-may-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #seijiadachi #boj #japaneseeconomy
A Bank of Japan rate hike in May would likely be too early given the need to assess the potential impact of U.S. tariffs and ongoing wage talks, according to the policy chief of the Democratic Party for the People. https://www.japantimes.co.jp/business/2025/04/02/economy/boj-may-dpp/?utm_medium=Social&utm_source=mastodon #business #economy #kazuyashimba #dpp #boj #japaneseeconomy
U.S. tariffs could have a big impact on global trade, Bank of Japan Gov. Kazuo Ueda says ahead of an announcement of new levies by U.S. President Donald Trump. https://www.japantimes.co.jp/business/2025/04/02/economy/boj-ueda-tariffs-impact/?utm_medium=Social&utm_source=mastodon #business #economy #kazuoueda #boj #donaldtrump #us #usjapanrelations #tariffs #tankan #japaneseeconomy
Large Japanese businesses remained optimistic in the first quarter, even as the United States threatened heavy tariffs on products made by these companies. https://www.japantimes.co.jp/business/2025/04/01/economy/boj-tankan-april-2025/?utm_medium=Social&utm_source=mastodon #business #economy #boj #tankan #surveys #japaneseeconomy #inflation #carmakers #manufacturing #tariffs #tradewar #donaldtrump #us
The Bank of Japan’s pivot to interest-rate hikes in the past year has triggered the biggest losses for Japan’s sovereign debt among global markets. https://www.japantimes.co.jp/business/2025/04/01/markets/japan-soverign-bond-losses/?utm_medium=Social&utm_source=mastodon #business #markets #bonds #jgbs #japaneseeconomy #boj #negativeinterestrates
Japan’s industrial production grew at the fastest clip in nearly a year, as manufacturers sought to meet strong demand before the U.S. implements new tariffs on autos and auto parts. https://www.japantimes.co.jp/business/2025/03/31/economy/japan-industrial-production-up/?utm_medium=Social&utm_source=mastodon #business #economy #industrialoutput #japaneseeconomy #economicindicators #boj #tankan
The cost of living in Tokyo rose more than anticipated from the previous month, keeping the Bank of Japan on track for further interest rate hikes. https://www.japantimes.co.jp/business/2025/03/28/economy/tokyo-cpi-march/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #economicindicators #inflation #boj #tokyo #rice
Bank of Japan’s newly appointed board member Junko Koeda did her best to keep various options open over the timing of the central bank’s next interest rate hike as she started her five-year term. https://www.japantimes.co.jp/business/2025/03/27/economy/boj-new-board-member-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #boj #junkokoeda #kazuoueda #japaneseeconomy #inflation
The Bank of Japan will continue to raise its benchmark interest rate if its economic projections are realized, Gov. Kazuo Ueda told parliament in his semiannual report. https://www.japantimes.co.jp/business/2025/03/26/economy/boj-ueda-parliament/?utm_medium=Social&utm_source=mastodon #business #economy #boj #japaneseeconomy #inflation
