Daiwa: BOJ shifts focus from reaching 2% inflation to keeping it there, wages hold the key
USD/JPY — All Desk Targets
25 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bullish | 145.00 |
ING | Bullish | 152.00 |
MUFG | Bullish | 152.00 |
From the original
Daiwa’s reading points to a BOJ that is not in a hurry but has not finished hiking, which keeps the yen supported on any sign that wage growth is becoming entrenched. A hold at the 29-30 October meeting, paired with an upgraded inflation assessment, would keep a December hike in
Related speeches
4 itemsMore like this
5 itemsFed's Daly: Jobs report is good news
BOJ's Ueda: Consumer prices now around 3% and expected to rise further into early next year
BoE's Pill: No repeat of 2022 hiking cycle as growth risks could keep rates on hold
Fed's Williams says US economy remains resilient, appropriate time to gather more information