Japan economics thread.

[siegecrossbow]

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View attachment 175912

lol.

 

[shiftenter]

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Bank of Japan Governor Kazuo Ueda has been hospitalised for medical treatment and will miss the June 15 to 16 policy meeting, the central bank said on Wednesday.

The central bank is widely expected to raise interest rates next week to levels unseen in three decades to counter mounting inflationary pressures from the Iran war.

It is the first time for the governor, who chairs the BOJ's meeting, to miss a policy-setting meeting since it began deciding policy under the current arrangement in 1998.

The governor will submit a written statement on his view on policy but will not participate in next week's vote, the BOJ said in a statement.

Ueda, 74, is expected to remain in hospital for about two weeks getting treatment for an infected liver cyst, work remotely and attend the next July 30 to 31 policy meeting, the central bank said.

Source URL : Bank of Japan governor Ueda hospitalised, will miss June meeting | The Standard

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To be fair 25bps hike is a nothing burger. at least 125bps hike is needed to save the Yen depreciation.

 

[drowingfish]

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To be fair 25bps hike is a nothing burger. at least 125bps hike is needed to save the Yen depreciation.

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lmao homie thinking he can get away with it?

 

[Hitomi]

125bp will explode their debt thou, they are simply caught in a rock and a hard place with no guarantee that the hike can slow down the depreciation.

 

[henrik]

How is Japan going to pay for this as part of the $550 billion in U.S. investments agreed upon during tariff negotiations?

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[Dolcevita]

How is Japan going to pay for this as part of the $550 billion in U.S. investments agreed upon during tariff negotiations?

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quoted from the article. Interesting bold statement from senior US official.
Even if it may be possible for US to provide additional assurances against criminal cases, how is it even possible for the US prevent liability claims originating from civil cases? US legal system is full of convoluted loopholes for a savy lawyer to exploit.

The Japanese side is concerned about liability for compensation if the invested nuclear plants in the U.S. cause accidents. However, a senior U.S. official stated, “This is a U.S. nuclear project, and Japan bears no liability,” adding, “We will address Japan’s concerns during final negotiations.”