Japan Economics Update Case for FX intervention less compelling than in 2022 The Ministry of Finance may have intervened earlier today by selling FX reserves to halt the sharp fall of the yen. However, the economic case for foreign exchange intervention is much weaker now than... 29th April 2024 · 4 mins read
Japan Economics Update Bank of Japan will hike rates once more in July The Bank of Japan is getting more confident in meeting its inflation target on a sustained basis and signalled that inflation wouldn’t have to overshoot for policy to be tightened further. Nonetheless... 26th April 2024 · 3 mins read
Japan Economics Weekly BoJ’s confidence in sustained 2% inflation growing With pay hikes becoming increasingly widespread, the Bank of Japan is becoming more confident that it can meet its inflation target on a sustained basis. But with underlying inflation now clearly... 26th April 2024 · 5 mins read
Japan Economics Update Plunge in Tokyo inflation won’t prevent BoJ tightening The plunge in inflation in Tokyo in April was mostly due to a sharp fall in high school tuition fees and the provision of free school meals. The impact of those policy changes on nationwide inflation... 26th April 2024 · 3 mins read
Japan Chart Pack Japan Chart Pack (Apr. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. (Please ignore the previous email which linked to the February Chart Pack) The latest activity data... 24th April 2024 · 1 min read
Energy Update Japan’s LNG demand to sink; Korea’s to fall more slowly A resurgent nuclear power sector in Japan and a continuously growing one in South Korea coupled with an expansion in renewable power capacities will ensure both countries’ LNG demand will fall... 23rd April 2024 · 3 mins read
Japan Economics Update Services inflation will remain around 2% this year We now expect services inflation to remain around 2% this year as a fading tailwind from soaring hotel and package tour prices will be offset by stronger labour cost growth. The upshot is that the... 23rd April 2024 · 4 mins read
Bank of Japan Watch Bank of Japan will deliver final rate hike in July Governor Ueda sounds keen on tightening policy further and we’re pencilling in another interest rate hike at the Bank of Japan’s July meeting. However, with underlying inflation set to fall below 2%... 22nd April 2024 · 8 mins read
Japan Economics Weekly Why Japan intervenes in foreign exchange markets Foreign exchange interventions by the Bank of Japan have become rare and the further weakening of the yen in recent weeks has yet to trigger one. While there are some arguments in favour of using FX... 19th April 2024 · 4 mins read
Japan Economics Weekly FX intervention looking increasingly likely With the yen hitting a fresh multi-decade low against the dollar this week, the Ministry of Finance is signaling a growing likelihood of intervention in the foreign exchange markets. However, the Bank... 12th April 2024 · 7 mins read
Japan Economics Update A close race for fourth place The slump in the yen has resulted in Germany overtaking Japan as the world’s 3rd largest economy at market exchange rates. We expect Japan to overtake Germany yet again in the early 2030s as the yen... 9th April 2024 · 4 mins read
Capital Daily Tough times for Japanese equities may not last We expect Japanese equities to do quite well this year, as hype around artificial intelligence proves a more powerful catalyst than the headwind we anticipate from a stronger yen. 8th April 2024 · 4 mins read
