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2024
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Daiwa's View
23 August 2024
424 KB
PDF
JPY weakness not justified by real demand
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Daiwa's Economic View
23 August 2024
432 KB
PDF
Prospects for general election, budget compilation after LDP presidential election and implications for monetary policy
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Daiwa's Economic View
19 August 2024
501 KB
PDF
Apr-Jun 2024 real GDP improves, but weak underlying trend for private consumption
Economy expected to grow only moderately in FY24 as consumers remain thrifty, but inflation likely to hold near BoJ’s 2% price stability target
Next rate hike expected in Mar 2025, after assessing domestic/international economic conditions and results of 2025 spring labor-management wage negotiations
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Daiwa's View
13 August 2024
461 KB
PDF
Revising FX forecasts: Yen carry trade collapses
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Daiwa's View
8 August 2024
443 KB
PDF
Fed to begin cutting rates in Sep; expect 5 - 10 cuts through end-Mar 2025
Changes/caveats have emerged for BoJ’s "on track"/"upside risk" assumptions that drove July rate hike; further hike in 2024 now less likely
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Politics Watch
8 August 2024
327 KB
PDF
Future trends for LDP presidential election
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Iwashita’s Economic & Market Watch
2 August 2024
404 KB
PDF
Ueda-led BOJ likely to enter gradual rate-hiking phase
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Euro wrap-up
31 July 2024
676 KB
PDF
BoJ opted to hike again at July MPM, in line with prior media reports; consistent with Outlook Report, reflects BoJ’s call that time was right to scale back easing; plans to cut JGB purchases to around Y3tn per month in Jan-Mar 2026 as expected
July Outlook Report forecasts sustained trend inflation of around 2%; BoJ to monitor service prices, consumer spending trends in gauging need for next rate hike; explanation of policy conduct, hawkish tone signal intent to continue normalizing
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