EUR/USD
1.11741
0.176%
Gold
4197.65
0.627%
Oil
91.697
-0.731%
USD/JPY
158.291
-0.200%
GBP/USD
1.32172
0.073%
GBP/JPY
209.221
-0.125%
Real-time News
October 13th - A quarterly survey released by the Bank of Japan on Tuesday showed that the proportion of Japanese households expecting prices to rise over the next year fell to 88.6% in September, down from 90.4% in June. The survey also showed that 86.5% of respondents expected prices to rise over the next five years, slightly higher than 86.1% in June. The data indicates that although short-term inflation expectations among Japanese households have declined, long-term inflation expectations remain at a high level.On October 13, Silvana Tenreiro, Chief Economist of the International Monetary Fund (IMF), stated that monetary policy should remain firmly focused on maintaining price stability given the continued risks of inflation. She said that central banks need to maintain a sufficiently tight policy stance to promptly push inflation back to target levels and prevent a second round of inflationary effects. Tenreiro pointed out that the transmission of rising commodity prices to core inflation is currently under control, but policymakers still need to remain vigilant. She stated that if rising commodity prices and factors related to technology investment further increase inflationary pressures, central banks will need to further tighten monetary policy. Tenreiro stated, “The appropriate policy stance will vary from country to country, but the goal is the same: to ensure price stability. Central bank independence remains crucial to achieving this goal.”Bank of Japan Governor Kazuo Ueda: It is now crucial to stabilize inflation at 2%.Bank of Japan Governor Kazuo Ueda: Potential inflation is close to 2%.Bank of Japan Governor Kazuo Ueda: We will continue to closely monitor the bond market.
