S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketUeda Speech: BoJ Governor speaks on policy outlook after the expected interest rate hold
Bank of Japan (BoJ) Governor Kazuo Ueda is addressing the press conference, explaining the reason behind leaving the key interest rate unchanged at 0.75% in the January policy meeting.
BoJ press conference key highlights
Japan’s economy is recovering moderately.
Japan’s economy is likely to continue moderate growth.
Government economic package boosted economic outlook.
Underlying inflation will keep rising moderately.
Takata and Tamura proposed revisions to the outlook report.
Will keep raising rates if the economic outlook is realized.
Lending rates linked to BoJ rate are already rising.
Conditions remain accommodative after December hike.
FX is affected by various factors.
Will refrain from commenting on Yen level.
I will keep watching FX closely.
Bond yields are rising very rapidly.
BoJ to conduct bond operations nimbly in exceptional cases.
We may conduct operations to encourage stable yield formation.
Underlying inflation getting closer to 2%.It’s possiblethe Yen is impacting prices more.We need to give more attention to FX.
