13 March | Other

Bank of Japan Governor sees positive dynamics of consumption and expects economy to recover

Bank of Japan Governor sees positive dynamics of consumption and expects economy to recover

Bank of Japan (BOJ) Governor Kazuo Ueda has expressed optimism about the level of consumer activity in the country. Despite the challenges that the national economy is facing due to Donald Trump's import tariffs, it is showing signs of recovery. This gives the Japanese regulator reasons to wean the economy off monetary stimulus.

According to Reuters, interest rates are likely to remain unchanged at the central bank's meeting in March, which will be held as early as next week. However, the officials have yet to determine their future strategy. Japan's inflation and market volatility may prompt them to raise borrowing costs in May, the agency reported.

Since 2022, Japan has seen wage growth lag behind the rise in consumer prices. This results in higher costs of living. Nevertheless, in his statement, Ueda emphasized the positive changes in domestic indicators. Wages keep growing, although still lagging behind inflation. Meanwhile, consumption dynamics in the country are beginning to improve, Reuters concluded.

Elena Berseneva MarketCheese
Gold buy
Period: 24.03.2025 Expectation: 5000 pips
Gold buyers set for another attack at 3,000 level
Today at 11:41 AM 68
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 28.03.2025 Expectation: 2920 pips
Markets revise silver price expectations downward
Today at 10:08 AM 22
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 24.03.2025 Expectation: 100 pips
Buying Brent with target of $72 per barrel
Today at 08:16 AM 30
Period: 24.03.2025 Expectation: 1593 pips
S&P 500 is in correction due to trade tensions and recession fears
Today at 07:00 AM 35
Period: 21.03.2025 Expectation: 1400 pips
GBPUSD is poised for a pullback towards the trend line
14 March 2025 121
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 26.03.2025 Expectation: 670 pips
Brent prices may rebound amid trade instability
14 March 2025 96
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Crypto" and "Oil and gas"
Go to forecasts