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Japan Startups Set for Longest Rout on Record as Rate Hike Looms
The yield is flat, and there is uncertainty regarding the Bank of Japan's rate hike schedule.
Outlook for the week from December 23 to December 27: 10-year bond yield: Yields are expected to be stable, with uncertainty regarding the Bank of Japan's interest rate hike schedule. Market consensus on the additional interest rate hike schedule by the Bank of Japan remains unclear, and yields are unlikely to move significantly in either direction. It is anticipated that domestic Institutions will decrease their Trades as year-end approaches, resulting in a market lacking in momentum.
An Inflation Gauge Tracked by the Bank of Japan Just Jumped to a Seven-month High
The Vice President of the Bank of Japan, Himinoya, will give a speech at a conference before the monetary policy decision meeting in January.
On December 9, the Bank of Japan announced that Deputy Governor Himinoya is scheduled to give a speech at a conference before the monetary policy decision meeting in January next year. It is considered unusual for policy committee members to hold a conference before the decision meeting in January. Following the announcement from the Bank of Japan, the possibility of a rate hike in December has significantly decreased, and expectations for a rate hike in January are spreading. According to the Bank of Japan, Deputy Governor Himinoya will attend the Kanagawa Prefecture Financial and Economic Conference on January 14, followed by a press conference. According to insiders, the Bank of Japan will hold a conference before the first decision meeting of the year.
Key economic Indicators domestically and internationally: The Bank of Japan is expected to keep the policy interest rate unchanged.
The Financial Estimates for the economic Indicators scheduled to be announced from December 16 to 20 are as follows. ■ On the 16th (Monday) at 6 PM, it is scheduled to announce ○ (Euro) December Manufacturing PMI - the estimate is 45.6, with the reference of November's result being 45.2. Although economic stimulation due to financial easing is expected, a swift recovery in Eurozone countries is not anticipated, so significant improvement in the Index ETF is not expected. ■ On the 16th (Monday) at 11:45 PM, it is scheduled to announce ○ (U.S.) December Services PMI - November's result was 56.1, reference value 1.
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