Author: FX

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon/File Photo By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest rate target next year if the economy can withstand overseas risks, former deputy governor Hirohide Yamaguchi told Reuters. Yamaguchi, who is considered a candidate to become next BOJ governor, said Japan is already seeing signs of “home-made” inflation, in which…

<p>more to come</p><p> Ex-BOJ Deputy Governor Yamaguchi:</p><ul><li>BOJ boj must stand ready to tweak YCC next year if Japan's economy can withstand overseas economic risks</li></ul><ul><li> If BOJ were to tweak YCC, one idea would be to raise 10-year JGB <a href="https://www.forexlive.com/terms/y/yield/" target="_blank" id="bc27d1fa-0b41-4192-ac3a-48794fd4ff1e_1" class="terms__main-term">yield</a> target from current 0%</li><li>BOJ must be mindful that once <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__secondary-term">inflation</a> expectations become entrenched, it is very hard to control them</li><li>BOJ must enhance flexibility of its monetary policy such as by removing commitment to keep increasing pace of money printing until inflation stably exceeds 2%</li><li>Don't see any merit to changing BOJ’s joint statement with…

#Nike, Daily NIKE, Daily Sportswear retailer #Nike is expected to report earnings on Tuesday, (20/12) after the market closes. The report is for the fiscal quarter ending November 2022. In its last report on September 29, the company reported EPS of $0.93, beating analyst consensus estimates of $0.91. NIKE has a net margin of 11.96% and a return on equity of 37.08%. The company had revenue of $12.70 billion for the quarter, compared with a consensus estimate of $12.28 billion. During the same quarter the previous year, the company earned $1.16 per share. The company’s revenue for the quarter was…

“The (UK) health secretary, Steve Barclay, is expected to contact health unions to urge fresh talks aimed at averting further strikes, amid new warnings that more action could put patients in danger,” reported The Guardian during the weekend. Key quotes It comes as No 10 rejected a proposal to give nurses a one-off lump-sum payment in an attempt to end the industrial action, one of the measures Barclay had suggested as a compromise in crunch Whitehall meetings last week. The Royal College of Nursing (RCN) hinted it would be open to discussing a lump-sum payment, though warned that there could be no “political…

Notable earnings after Monday's close Source link

© Reuters. FILE PHOTO: A man uses cash to pay for items while shopping in Milan, Italy, October 2, 2020. REUTERS/Flavio Lo Scalzo ROME (Reuters) – Italy will scrap part of its plans to facilitate cash payments for goods and services after criticism from European Union authorities, Economy Minister Giancarlo Giorgetti said on Sunday. In its draft 2023 budget the government had proposed changing the current system in which sellers risk fines if they refuse to accept card payments, by saying no penalties would be imposed for transactions below 60 euros ($63.49). The move drew criticism from the European Commission,…

I posted on this article a little earlier, here. Recapping it now:Japan’s government is set to revise a decade-old joint statement with the Bank of Japan (BOJ) that commits the central bank to achieve its 2% inflation “at the earliest date possible,” Kyodo news agency reported on Saturday, citing government sources.As to timing, not until April:Kishida will discuss details on how to revise the statement with a new BOJ governor, who will succeed incumbent Haruhiko Kuroda when his term ends in April, according to Kyodo.The news has been enough to send the yen higher in very early gappy Asia Monday…

To the great relief of movie-theater chains, Avatar: The Way of Water (NYSE:DIS) has grossed $134M in its North American opening – one of the year’s top debuts, and set to launch a multi-week recovery from some box-office doldrums. That $134M tied with The Batman (WBD) for fifth-best opening domestically of 2022 (and Sunday night receipts will move the new Avatar up there). It also added $301M overseas for a global first-weekend total of $435M and counting, the third-biggest opening of the COVID-19 pandemic era. While giving some breathing room for movies, the new Avatar’s opening take did come in…

© Reuters. FILE PHOTO: Elon Musk photo and Twitter logo are seen through magnifier in this illustration taken November 4, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) -Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact content from social media platforms like Meta Platforms’ Facebook (NASDAQ:) and Instagram, along with Mastodon, Truth Social, Tribel, Nostr and Post while allowing cross-content posting, Twitter support said in a tweet. Former Twitter CEO Jack Dorsey, who recently invested in social media platform Nostr, replied to…

loveshiba/iStock via Getty Images Credit card delinquencies and net charge-offs continued to creep up in November, extending the trend of credit normalization over the past couple of years. While COVID-19 initially triggered a sharp drop in spending in the spring of 2020, the unprecedented fiscal support from government led to a surge in spending and gave consumers a financial cushion. That resulted in unusually strong credit quality. At the least, most consumers kept up with their credit card payments, and many were able to pay down account balances. Now the stimulus checks have stopped and consumers’ savings are dwindling. “November…