Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

2025-10-30 Thursday

2025-11-04

11:15:25

The policy benchmark interest rate of the Bank of Japan on October 30th

Previous : 0.50% Forecast : 0.50%

Neutral

Published Value 0.50%

Previous

10:10:12

[Analyst: Markets Firmly Believe Prime Minister Sanae Takaichi's Appointment Will Mean a Longer Period of Loose Monetary Policy] Eamonn Sheridan, an analyst at the US financial website InvestingLive, stated that the market firmly believes that the appointment of Japanese Prime Minister Sanae Takaichi will mean a longer period of loose monetary policy. However, potential economic data may justify a more hawkish stance, including: the Tankan survey showing a modest improvement in the confidence index of large manufacturers in September, wage growth and inflation gradually reinforcing each other, and the overall economy remaining resilient despite increased US tariffs. Nevertheless, Bank of Japan Governor Kazuo Ueda maintained a cautious tone, emphasizing the need for coordination with the new government before adjusting interest rates. Ueda stated that the Tankan survey results did not yet reflect the drag from US trade measures. Meanwhile, political coordination may delay the next step, and the new government could choose to request the Bank of Japan to postpone policy adjustments. Most analysts expect the Bank of Japan to keep interest rates unchanged at today's meeting, while retaining the possibility of tightening policy later. Ueda is likely to emphasize that further yen depreciation could push up import prices, thereby exacerbating inflation—a concern that may resonate with Takaichi. Sanae Kaohsiung has made the pressure of the cost of living a core political issue.

10:07:00

The preliminary seasonally adjusted unemployment rate in Singapore for the third quarter

Previous : 2% Forecast : -

Published Value 2%

Previous

10:04:24

[Bank of Japan Expected to Hold Rates Steady as Yen Depreciation Increases Pressure for Rate Hikes] 1. Markets widely expect the Bank of Japan to keep interest rates unchanged at 0.5% on Thursday, but will reiterate its determination to gradually raise borrowing costs to curb further yen depreciation and inflation. 2. Following US Treasury Secretary Bessenter's urging for a faster rate hike to avoid excessive yen weakness, exchange rate movements are under close scrutiny and could influence the central bank's statements on the path of rate hikes. Kazuo Ueda warned that the impact of US tariffs could intensify in the coming months. 3. Divergence within the Policies Committee has widened: hawks advocate for an immediate rate hike when conditions are ripe, while doves, led by Ueda, tend to wait for more data to assess the slowdown in US economic growth and the damage from Trump's tariffs. 4. The inauguration of the new, dovish Prime Minister Sanae Takaichi last week significantly reduced market expectations for an October rate hike. Insufficient communication between the central bank and the new government has led most to expect the rate to remain unchanged at the end of the meeting; hawkish committee members Naoki Tamura and Hajime Takada may raise objections, reiterating their recommendation to raise the rate to 0.75%. 5. Capital Economics economist Jonas Goltermann stated that Japan does have reasons to raise interest rates, but the central bank may not want to anger the dovish prime minister. If the status quo remains unchanged, investors will focus on Ueda's guidance on the timing and magnitude of interest rate hikes at his press conference. 6. Surveys show that most economists expect an interest rate hike in October or December, reaching 0.75% by the end of March. Despite inflation exceeding the target for three years, Ueda emphasized the need to be wary of tariffs disrupting the wage-price cycle; this meeting will also raise the growth forecast for the current fiscal year, maintaining the assessment of a moderate recovery.

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