$Nikkei 225 (.N225.JP)$
Mr. Ueda's press conference in April at the Bank of Japan, as well as his recent remarks, lacks consistency and there is no consistency in his statements due to pressure from the Prime Minister and the Ministry of Finance.
The FOMC conducts proper dialogue with the market in advance, and generally announces a policy that is already priced in during the press conference. In contrast, the Bank of Japan always surprises the market and lacks respect for it, and does not seem to consider the impact.
By causing such confusion in the market, it seems like they won't be able to raise interest rates as planned. It's like an act of self-destruction.
Mr. Ueda's press conference in April at the Bank of Japan, as well as his recent remarks, lacks consistency and there is no consistency in his statements due to pressure from the Prime Minister and the Ministry of Finance.
The FOMC conducts proper dialogue with the market in advance, and generally announces a policy that is already priced in during the press conference. In contrast, the Bank of Japan always surprises the market and lacks respect for it, and does not seem to consider the impact.
By causing such confusion in the market, it seems like they won't be able to raise interest rates as planned. It's like an act of self-destruction.
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