Japan slipped into a technical recession. The Bank of Japan has to juggle supporting the yen and fragile growth
Publishing timestamp: 2024-02-15 19:48:24
Summary
The article discusses the pressure on BOJ Governor Kazuo Ueda to alleviate yen weakness caused by interest rate divergence between the US and Japan. However, high inflation and a weak economy are constraining the BOJ's ability to take action. The article suggests that the BOJ may remove negative interest rates this spring, but it is difficult for them to raise interest rates due to the weak economy.
Sentiment: MIXED
Keywords: japan, prices, business news, central banking, japan 10 year treasury, asia economy, usd/jpy,
Source: https://www.cnbc.com/2024/02/16/boj-juggles-yen-weakness-and-fragile-growth-after-gdp-surprise.html