BOJ's perceived hawkish tilt to be tested after rate hike

This is only bad for Japanese. As their debt is soaring. Japan is a cash country so these things will trickle down to a shrinking economy. The artificial yen manipulation will also in the long run only hurt japan. I have friend and present company included who have made a ton with these 2 and 3 yen a day movements. From 161 2 weeks ago to 150 today lord who needs to work anymore.

Ueda told the press conference on Wednesday that he feels "sorry" that the high inflation rate has been forcing households to shoulder increased burdens.

So having said that, you increase the burden on the citizens by increasing the interest rate so their mortgage, car loans en other interest bearing loans go up.

Wonderful Ueda!

BOJ policymakers had been encouraged by robust wage growth, the long-missing link in their efforts to achieve sustainable inflation driven by domestic demand rather than temporary factors like the yen's effect on import costs.

According to the BOJ their policies have led to that prophesied promise land of robust wage growth, manageable inflation and increased broad based prosperity.

You can see it all around right?

Unfortunately only with the flush inbound tourists, not locally.

リッチ

From 161 2 weeks ago to 150 today lord who needs to work anymore.

Why did you not recommend us this beautiful trade 3 weeks ago!

Actually there was an even better trade buying the USD JPY the day of its low at 75 and selling it at its peak of 161.2! That was an easy one!

Why did you not recommend us this beautiful trade 3 weeks ago

i did on other message 161 was the expected intervention number. Transferred a ton. 148 is the low expected. But perhaps buying back dollars now in smaller amounts is Recommened. The end of year range is still expected to be 160-170

As we frogs slowly boil in the BOJ pot.

They can’t let the temperature get too high too fast or we may notice how bad we’re getting reamed.

So having said that, you increase the burden on the citizens by increasing the interest rate so their mortgage, car loans en other interest bearing loans go up.

How is personal debt the governments problem though ? When people take out loans they must consider the chance of interest rate rise.

0.25%??? Current home loan rates in Aust are 6%!

0.25% is not a punishing hike and anyone who can’t service a loan in those ranges shouldn’t have a loan in the first place!

@Alan

How is personal debt the governments problem though ?

Ha! That's a good one! So basically you are saying, "The BOJ can do whatever da f@'%k they want! How dare you make them accountable!"

That's a nice attitude. Explains how the Japanese sheeple think. Don't you want to join the LDP? That's where all such geniuses gather.

If they don't give a flying f@:&k how the people are affected by their decisions, maybe they can just resign and go to play video games instead?

There are more suited and responsible people waiting to take their place.

BOJ policymakers had been encouraged by robust wage growth

You mean the net wages which have been falling for 26 month now?

In which f@%&ing fantasy land are wages growing?

This country is controlled by complete imbeciles.

But looking at what tye LDP did in the last decade, probably that's the goal. Make a waste number of people to join the precariat. And hoard the money at gigantic corporations without oversight.

https://www3.nhk.or.jp/nhkworld/en/news/20240708_16/