dChan
Anonymous ID: 8383c3 Feb. 5, 2023, 6:37 p.m. No.18292320   🗄️.is 🔗kun

>>18292147

>>18292289

>reported in January was driven entirely by a +3 million seasonal adjustment

Those 'seasonal adjustments' used to be done monthly (Jan for Jan, Feb for Feb, Mar for Mar etc) and now they are done all at once (for the entire year) in January.

Changed it a few years ago

So it will really back off for Febs #s where the FED will say "oh look now we can back off on the rate hikes"

Another "fun with #s" game

Anonymous ID: 8383c3 Feb. 5, 2023, 7:58 p.m. No.18292729   🗄️.is 🔗kun   >>2772 >>2830 >>2845

Told ya nothing will change with the current BoJ policy (as much as all the rhetoic sez there will be a change) they will remain steadfast in it's policy of ZIRP when Kuroda leaves in March (last meeting at helm)-this 'new one' is "meet the new boss…same as muhold boss" and will likely be the one to roll out the digital Yen

 

Japan sounds out BOJ deputy Amamiya for central bank governor

 

Japan's government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda, people familiar with the matter said, as Tokyo prepares for the first change of leadership at the BOJ in a decade.

 

Government and ruling coalition officials said the subject had been discussed with Amamiya. The 67-year-old career central banker is the architect of most BOJ policies under Kuroda.

 

The next BOJ chief will be tasked with charting a path to normal monetary policy after the U.S. Federal Reserve and other peers have all raised interest rates to fight inflation.

 

As Amamiya participated in the planning and decision-making process of Kuroda's ultraloose monetary policy, the market sensed that he would not drastically shift toward normalization.

 

The Japanese yen declined to the mid-132 range against the dollar today from the low-131 range on Friday. Investors bought the greenback on the assumption that the yield gap between U.S. Treasuries and Japanese government bonds would not shrink quickly under the expected governorship of Amamiya.

 

The Nikkei Stock Average was up 292.51, or 1.1%, to 27,801.97 in morning trade.

 

The government will present its nominees for Bank of Japan governor and the two deputy governor posts to parliament this month after final discussions involving the ruling coalition.

 

A BOJ source declined to comment, saying they were unaware of the discussions.

 

Kuroda's term ends on April 8. BOJ governors are appointed to five-year terms and require the approval of both houses of parliament.

 

If approved, Amamiya would become the BOJ's first governor since Kuroda's predecessor to be promoted from within the bank.

 

The central bank has pursued an unprecedented level of monetary easing for the past decade under Kuroda, who took office in 2013 with a mandate to achieve stable 2% inflation.

 

But while the bank's large-scale government bond purchases helped Japan's fight against deflation, they have been criticized for undermining market functions and the country's fiscal health. Unwinding these measures without shocking Japan's economy and financial markets will require deep experience in monetary policymaking.

 

Amamiya, nicknamed the "prince" of the central bank, has spent much of his career focused on policy planning.

 

He had a hand in nearly every key move by the bank to fight deflation, from quantitative easing in 2001 to the yield curve control still in effect today. Amamiya has supported Kuroda since 2013, first as an executive director and then as deputy governor.

https://asia.nikkei.com/Economy/Bank-of-Japan/Japan-sounds-out-BOJ-deputy-Amamiya-for-central-bank-governor