BOJ Governor: Continuing Monetary Easing and Market Monitoring

BOJ Governor: Continuing Monetary Easing and Market Monitoring: In a monetary policy press conference held on Thursday,
Bank of Japan Governor Kazuo Ueda stated that the central bank
will continue with a flexible monetary easing policy and adjust interest rates in line with economic expectations and price targets.
Ueda discussed several important points, including market monitoring, the impact of yen movements,
and the influence of global economies on Japan’s economy.

 

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In Thursday’s monetary policy press conference, Bank of Japan Governor Kazuo Ueda
emphasized that the central bank plans to continue adjusting the level of monetary

easing and interest rates to economic expectations and price objectives.
Below are the key points Ueda addressed during the conference:

Market Monitoring: Ueda stated that the Bank of Japan will continue monitoring financial and foreign exchange
markets and their effects on the economy and prices.

Impact of Yen Movements: He highlighted that yen movements have increased prices,

with companies showing greater interest in raising wages and prices.

Economic Recovery: Ueda noted that the Japanese economy
is recovering moderately despite some weaknesses in specific sectors.

Continued Easing: Ueda mentioned that the bank would adjust its policies
if necessary to achieve economic growth and inflation goals.

Influence of External Economies: He clarified that the bank will consider the impact of global economies,
particularly the U.S. economy, on Japanese economic activities.

Future Rate Hikes: Ueda stated that the Bank of Japan
may consider raising interest rates if confidence in achieving forecasts is sufficient,
noting that this decision will not rely on these factors alone.

Consumer Price Inflation: The Bank of Japan expects inflation rates
to align with targets in the second half of the period.

U.S. Economy: Ueda mentioned that reduced risks in the U.S. economy
allow for decisions based on traditional economic factors.

 

BOJ Governor: Continuing Monetary Easing and Market Monitoring

Economic Recovery and Global Monkeypox Crisis

Economic Recovery and Global Monkeypox Crisis: Amid global economic and health developments,
the international scene is witnessing a series of notable changes that are capturing the attention of analysts and decision-makers.
While the Chinese economy continues its unstable recovery due to weak spending,
the Japanese economy is experiencing a significant rebound driven by increased consumer spending.
On the health front, the World Health Organization has declared a global health emergency
due to the outbreak of the monkeypox virus (“Mpox”),
raising concerns about the spread of this potentially deadly virus.
This article reviews the key developments and their
impact on the global stage.

 

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Chinese Economy

Japanese Economy

World Health Organization

 

 

 

Chinese Economy Continues Its Unstable Recovery Due to Weak Spending

According to the National Bureau of Statistics,
the Chinese economy was “generally stable” in July, with some improvement
Industrial production increased by 5.1% compared to the previous year,
marking a slowdown from June’s 5.3% growth. Retail sales rose by 2.7%.


Japanese Economy Returns to Growth Due to Consumer Spending

Japan’s economy rebounded to achieve a growth rate of 3.1% in the second quarter compared to the previous period,
supported by increased private consumer spending.
This indicates the beginning of a positive cycle linking income growth with increased spending.
The reading, which exceeded the experts’ consensus estimate of 2.3%,
follows a revised 2.3% contraction in the first quarter.

 

 

 

World Health Organization Declares Monkeypox a Global Health Emergency

The World Health Organization(WHO) declared a health emergency related to the virus for the second time in two years,
stating that the rapidly spreading monkeypox outbreak in Africa represents a global health emergency.
The agency is seeking to contain the spread of the potentially deadly virus.

 

Economic Recovery and Global Monkeypox Crisis