Der japanische Finanzminister Katayama sagt: „Wir nehmen eine feste Haltung ein, einschließlich entschiedener Maßnahmen“, während der Yen gegenüber dem Dollar auf 159 steigt
https://www.bloomberg.com/jp/news/articles/2026-03-16/TBYUHOT96OSH00?taid=69b753c414087e0001c8ff72&utm_campaign=trueanthem&utm_content=japan&utm_medium=social&utm_source=twitter
7 Kommentare
Time for BOJ to hike the rates?
Welcome to a roaring economy. This is inflation. Get used to it.
Anything they do will not last long.
my bet : BOJ won’t hike rate next thursday but MOF will intervene after mkt close
I don’t think there are any levers left to pull. The markets have decided. 250% debt to GDP = No future. How much have JP bond yields increased in the last year? Enough that in theory there was supposed to be a repatriation of currency to bring the exchange rate back down a bit. It hasn’t happened yet though. Meanwhile, Takaichi is planning more stimulus and 0% consumption tax? Average Japanese voted on vibes this last election because they can’t understand the failures of Abenomics 1.0 and now 2.0. The government has the mandate and that means the poors will get poorer but at least they have a nice scapegoat.
Oil hit 200 yen
Rice hit a record high
Yen hit a recent low
Whatever their stance is, it is non-impactful so far.
Here are 3 wonderful options:
Hike, and blow up the bond market, 10y 2.25, 20y 3.13, 30y 3.54 40y 3.75 all sitting in the danger zone, not to mention blow up more the already fragile domestic firms due to import shock
Do nothing, signaling they’re trapped, which worsen the market by default, because yield rate keep raising regardlessly, maybe fx intervention to buy time, but since 2022 it has been used too many times and now it is the weakest state than ever
Cut, worse of three, another lost 30y and stagflation confirmed. Inflation runs wild to dilute the debt, sounds familiar.
On the other side of the Pacific, the fed is equally trapped, the reserve currency status now backfires hard when the executive wants to devalued the currency at any cost
Dead end either ways, thx Trump