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Express News | Japan Sept Overtime Pay -0.4% Yr/Yr - Govt
Express News | Japan Sept Total Cash Earnings +2.8% Yr/Yr - Govt
Express News | Japan Sept Inflation-Adjusted Real Wages -0.1% Yr/Yr - Govt
As expected, the Bank of Japan decided to keep the policy interest rate at around 0.25%.
The Bank of Japan, at the monetary policy decision-making meeting held on the 31st, unanimously decided to keep the policy interest rate at around 0.25%. The outlook for economic and price developments lowered the consumer price core index inflation rate forecast from 2.1% in the previous fiscal year to 1.9% for 2025. The forecasts remain unchanged at 2.5% for 2024 and 1.9% for 2026. It is also pointed out that there is a greater risk of an upward revision for the 2025 price outlook. The outlook for the overall inflation rate extends to 2026.
Expectations for the normalization of financial by japan bank have receded due to Prime Minister Ishiba's declining central and aerial attractive power.
According to reports, in the general election of the House of Representatives in japan held on October 27th, the ruling coalition of the Liberal Democratic and Komeito parties failed to reach the majority seats considered the benchmark for victory or defeat. If the ruling coalition had maintained the majority seats, Prime Minister Ishiba's leadership was expected to slightly increase, and there were expectations for the promotion of financial normalization by the Bank of japan, but the number of seats held by the Liberal Democratic Party decreased significantly, and such views seem to have receded. On the other hand, expectations for a soft landing of the US economy have slightly increased, and it is expected that the pace of interest rate cuts in the usa will slow down.
Bank of Japan: Japanese banks should remain vigilant against market tail risks.
The Bank of Japan stated on Thursday that the Bank of Japan has an ample capital base, but needs to be wary of tail risks.
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