Japan's monetary watchdog keeps its powder dry, maintaining rates at 0.25% - the highest since '08. Governor Ueda's taking a wait-and-see approach amid global uncertainties and domestic challenges. Construction's down 21%, manufacturing's struggling (-2.8% YoY), but retail's showing a pulse (+0.5%). The real kicker? Japan's massive debt load means big rate hikes are off the table, potentially spelling trouble for the yen.
Core inflation projections: 2.5% (FY24), 1.9% (FY25/26). Markets watching closely as Japan navigates these choppy waters.
20 sats \ 1 reply \ @gmd 13h
Sad slowly watching the Yen march back up closer to 160/USD...
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66 sats \ 0 replies \ @Satosora 13h
I remember a time when the yen was stronger than the dollar. 100 yen could buy more than one dollar!
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You should see how much Taiwans dollar swings compared to the USD. Its actually quite a bit.
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They have been holding steady.
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