{"id":44739,"date":"2023-04-25T05:46:00","date_gmt":"2023-04-25T04:46:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=44739"},"modified":"2023-04-25T20:44:31","modified_gmt":"2023-04-25T19:44:31","slug":"midday-brief-earnings-season-continues-2","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/midday-brief-earnings-season-continues-2\/","title":{"rendered":"Midday brief &#8211; Earnings Season continues"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"44739\" class=\"elementor elementor-44739\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f1c891f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f1c891f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3200a8c\" data-id=\"3200a8c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0700798 elementor-widget elementor-widget-text-editor\" data-id=\"0700798\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The new Bank of Japan governor will chair his first policy meeting this week on April 27-28, while the board of the central will offer fresh quarterly growth and price forecasts extending through to 2025.<\/p><p>Most of the analysts that have commented on this policy meeting expect new governor Udea to keep rates unchanged but to make subtle hints that he intends to deviate from former governor Kuroda\u2019s policies.<\/p><p><a href=\"http:\/\/bit.ly\/2PwQlCC\" target=\"_blank\" rel=\"noopener\">Deutsche Bank<\/a> are expecting monetary policy &#8216;revision&#8217; from the Bank of Japan meeting this week. And the expects<em>\u00a0<\/em>the BOJ to undergo a policy revision on the back of inflation risks, with potential outcomes including<em>.<\/em><\/p><p>The bank notes the three areas they expect to see changes are the termination of YCC, the strengthening of forward guidance on short-term rates, and greater flexibility of JGB purchasing operations.<\/p><p>At the last meeting, the central bank also made no tweaks to yield curve control including a 0.5% cap set for bond buying, tempering views that the side effects of the policy need to be addressed soon.<\/p><p>The Bank of Japan also kept its key short-term interest rate unchanged at -0.1% and that for 10-year bond yields around 0% during its March meeting by a unanimous vote.<\/p><p>Meantime, policymakers indicated their concerns over the economy by lowering their views on exports and production while leaving the overall economic assessment unchanged.<\/p><p>The BoJ reiterated at the March meeting that it would take extra easing measures if needed while expecting short-and long-term policy interest rates to stay at their present or lower levels.<\/p><p>The annual inflation rate in Japan inched down to 3.2% in March 2023 from 3.3% in the previous period. It was the lowest point since last September, as transport costs rose the least in 6 months.<\/p><p>Meanwhile, consumer prices went up 3.1% yoy in March, the same as in February, matching forecasts but staying above the Bank of Japan&#8217;s 2% target for the 12th month. On a monthly basis, consumer prices rose by 0.3%, shifting from a prior 0.6% fall.<\/p><p>I expect Kuroda\u2019s successor, Kazuo Ueda, will take inflation seriously, and start to pave the way for rate hike at some point this year, possibly in the summer.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The new Bank of Japan governor will chair his first policy meeting this week on April 27-28, while the board of the central will offer fresh quarterly growth and price forecasts extending through to 2025. Most of the analysts that have commented on this policy meeting expect new governor Udea to keep rates unchanged but [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":44745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[80,101,102,200],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midday brief - Earnings Season continues - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/midday-brief-earnings-season-continues-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midday brief - Earnings Season continues Midday brief - Earnings Season continues\" \/>\n<meta property=\"og:description\" content=\"The new Bank of Japan governor will chair his first policy meeting this week on April 27-28, while the board of the central will offer fresh quarterly growth and price forecasts extending through to 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/midday-brief-earnings-season-continues-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-25T04:46:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-25T19:44:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/04\/GettyImages-1215499463.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"511\" \/>\n\t<meta property=\"og:image:height\" content=\"417\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Midday brief - Earnings Season continues Midday brief - Earnings Season continues\" \/>\n<meta name=\"twitter:description\" content=\"The new Bank of Japan governor will chair his first policy meeting this week on April 27-28, while the board of the central will offer fresh quarterly growth and price forecasts extending through to 2025.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-earnings-season-continues-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-earnings-season-continues-2\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Midday brief &#8211; 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