Bank of Japan sticks to ultra-loose monetary policy

The JPY will soon have no more value than toilet paper. This guy has not learned anything from the Fed and ECB that were too late to hike and then had to hike very aggressively to catch up and have great difficulties getting back inflation to reasonable levels. It is very obvious that now inflation is not only due to energy prices but is becoming widespread. Big policy mistake from Ueda that seems to be as bad as KurodaI !

The only right choice in his economy. Why increase inflation by hiking up the costs when it does nothing to help it. Go BOJ GO!

Japanese currency to sink to around 140.75 yen per dollar, from around 140.20 yen earlier.

Who writes these news? “Sinks” for a such a small change.

More of the same

Record bank failure in the US in the second quarter, because bank are not generating enough capital through loan and interest

Larr Flint

Sell your YEN until you still can!

You don't sell your yen when you live in the country. But my dollar account looks good.

But moving away from monetary easing will be a tricky balancing act for Ueda, who faces pressure to normalize policy while minimizing any shock to the economy.

The shock if monetary easing lets up would be to the bank balances of the 1%.

Ueda is a propaganda mouthpiece for the LDP/Japan Inc Combine.

https://reason.org/commentary/how-quantitative-easing-helps-rich/

The yen once again crashing against the dollar, and it will not change until the old men are eliminated running this country.

You don't sell your yen when you live in the country.

Holding yen stopped making sense when Abe and Kuroda went full reflationist.

I try to keep a minimum level of yen as much as possible, given their commitment to price instability, precisely because I do live in this country. That’s more than enough risk in this basket (case)

I was reading a book by Ueda the other day.

In it, he said that the government will need to sort out its finances.

Now he is governor of the BOJ, and I think he may not better hold his breath waiting for the government to rein in its reckless spending.

I doubt that anybody holds on to the basket case yen, other that what is needed for daily requirements. We all hold our funds in Swiss Francs and US Dollars. Proper currencies.

fxgai

   You don't sell your yen when you live in the country.

> Holding yen stopped making sense when Abe and Kuroda went full reflationist.

> I try to keep a minimum level of yen as much as possible, given their commitment to price instability, precisely because I do live in this country. That’s more than enough risk in this basket (case)

You can only do that if your salary/income is paid in dollars and wired into a dollar account. All yen accounts are guaranteed with the government up to ¥10 million. Dollar accounts are not covered.

Some of us get paid in USD, that’s why

WA4TKG

Some of us get paid in USD, that’s why

Excluding the military, only a very small number of people are paid in dollars. Do you have a Japanese dollar account?

Japan understands the economy very well and is not following the destructive path of the US Federal Reserve tightening money by raising interest rates that has put America at the cusps of total economic collapse. This was done intentional because the new world order agenda will not be possible if you have a strong America. Go Japan!

Bank stop loaning,also lose money to stay solvent

TemyongToday  09:24 pm JST

Japan understands the economy very well and is not following the destructive path of the US Federal Reserve tightening money by raising interest rates that has put America at the cusps of total economic collapse. This was done intentional because the new world order agenda will not be possible if you have a strong America. Go Japan!

Over the past 30 years real wages have grown by 90% in US , 70% in Eurozone and have declined by 8% in Japan but Japan understands economy very well…

It is so interesting that Japan became the only country with no inflation.

Possible?

Why is it so impossible for this gov't to see the only solution: raise wages, cut taxes, forgive Covid era debts.

wow the yen is almost at 142 now! Going down down down.

150 and beyond, here we come!

Who will pay for the damages?

Politics? No, they will just bend the head!

taxpayer will pay for the stupidity of these guys…

Corruption!

Who will pay for the damages?

What damage?

Japan has had extremely low inflation for years, and even now having an inflation rate that's the envy of all OECD countries.

You obviously prefer the homelessness and workers grind of the Heisei era.

I just hope the Yen getting 200 against the USD by the end of this year. Weak Yen is bad for Japan but it's good for international businesses.

Bakumatsu 2.0 is an inevitable outcome for Japan!