BOJ is too optimistic about regional Japan

BOJ is too optimistic about regional Japan

Japan’s major financial institution has just offered its most optimistic view on regional Japanese economies in almost a decade, even as some companies warned that uncertainty over American President Donald Trump's trade policies could impact their capital expenditure plans.

BOJ Governor Haruhiko Kuroda repeated that the country’s major bank is on the verge of maintaining its huge monetary stimulus, with inflation still distant from its ambitious 2% objective.

Japan's economy keeps reviving modestly as a trend. As for the outlook, it’s supposed to turn to a modest. That’s what Kuroda stressed on Monday, at a quarterly gathering of the major bank's regional branch managers.

In a report published after the gathering, compared with three months ago, the BOJ maintained rather a rosy economic assessment for eight of Japan's nine regions, but revised up the assessment only for one area.

Many Japanese manufacturers were deriving benefits from strong overseas demand for electronic parts as well as semiconductor-making equipment, as the report told. That’s a sign Japan's economic revival keeps relying mostly on exports.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Crude holds revenues on API estimates

On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera