-
BOJ's Nakagawa: Economic Activity, Prices, and Monetary Policy in Japan
I will first briefly touch on the current situation of overseas economies (Chart 1). Although tariff negotiations between the Japanese and U.S. governments have resulted in an agreement recently, and progress has been made in negotiations and agreements on trade and other policies in each jurisdiction, there remain many uncertainties in this regard. With respect to global business sentiment, as of July 2025, the Purchasing Managers' Index (PMI) for the services industry has been clearly above 50 -- the break-even point between improvement and deterioration -- while the PMI for the manufacturing industry has been at ... (full story)
Added at 8:38pm
- BOJ BOARD MEMBER NAKAGAWA:
IF ITS OUTLOOK FOR ECONOMIC ACTIVITY AND PRICES IS REALIZED, BOJ WILL CONTINUE TO RAISE THE POLICY INTEREST RATE
HIGH UNCERTAINTIES REMAIN OVER FUTURE COURSE OF TRADE POLICIES AND THEIR IMPACT
BOJ WILL MAKE MONETARY APPROPRIATE POLICY DECISIONS BY CONTINUING TO CAREFULLY ASSESS DATA AND INFORMATION
Added at 8:38pm
Added at 8:47pm
- Comments / Top
- Subscribe
atillaken
Aug 27, 2025 10:38pm
Permalink
Trader#D1AD
Aug 27, 2025 10:13pm
Permalink
-
Related Stories
Ms Schnabel started her presentation by noting that financial markets had reverted to a low-volatility, “risk-on” regime, leaving the turbulence of April 2025 behind despite further tariff-related headlines. Market volatility had receded after the short-lived spike due to tensions in the Middle East, with tariff announcements by the US Administration having recently lost traction as drivers of asset price dynamics and risk assets having rallied globally since the Governing Council’s last monetary policy meeting on 4-5 June. Meanwhile, the euro area economy appeared to be more resilient to rising tariffs and elevated trade uncertainty than anticipated. Despite a further appreciation of the euro, driven to a large extent by the reassessment of relative economic activity between the euro area and the United States, market-based inflation compensation had edged up further and the ECB forward interest rate curve had shifted higher. ECB ACCOUNTS: INTEREST RATES WERE IN BROADLY NEUTRAL TERRITORY ENVIRONMENT REMAINED EXCEPTIONALLY UNCERTAIN MOST MEMBERS VIEWED THE RISKS SURROUNDING THE INFLATION OUTLOOK AS BROADLY BALANCED MAINTAINING POLICY RATES AT THEIR CURRENT LEVELS WOULD ALLOW MORE TIME TO SEE…
ECB's Rehn: Testing Fed independence can have significant risks ECB's Rehn: ECB remains alert and ready to act on rates if needed ECB's Rehn: Euro area inflation being at its 2% target is linked to the ECB's independent decision-making
White House on Fed's Cook: Trump exercised his lawful authority. White House: Trump found there was cause to remove Fed's Cook. White House States That Lisa Cook Has Been "Credibly Accused Of Lying"
