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Japan Has ¥195 Trillion Inflation Windfall, Ex-BOJ Official Says

Justin LowAnalysisinvestingLiveOct 20 at 9:40 PM PDT

BOJ policymaker Himino warns of upside inflation risks as Japan nears 2% target

Underlying inflation is quite close to BOJ's 2% target Expect underlying inflation to converge to levels consistent with BOJ's target Medium, long-term inflation expectations continue to heighten Financial conditions remain accommodative Real interest rates remain low Delay in adjusting policy could see inflation risks materialise, hurt the economy Upside risks to prices are high The remarks from BOJ deputy governor, Ryozo Himino, above are not anything that we haven't heard of from the central bank. It mainly juts reinforces the narrative that Japan is getting closer to achieving its long-sought inflation target and that the central bank now has to be careful about letting things run too hot. The most striking part of his comments is arguably the warning about delaying policy adjustments. But even then, there's no explicit hint that they are going to push for another rate hike sooner ra

Indian Oil to trim Middle East oil imports under annual deals amid Iran war

Prediction markets:
PolymarketStrait of Hormuz traffic returns to normal by October 31
1% · Closes · Quote captured

India-US trade deal may be weeks away, but tariff relief and certainty remain key: GTRI’s Srivastava

AnalysisThe New York TimesOct 21 at 5:00 AM PDT

Trump’s Trade-War Miscalculation

Trump’s foreign policy is predicated on a miscalculation: that other countries will capitulate to his demands. On “The Ezra Klein Show,” Chrystia Freeland, a former deputy prime minister of Canada, explains how Trump’s approach has backfired in his negotiations with Canada and China.

Rupee may rise on Jio Platforms IPO inflows, RBI support; oil prices pose risk

Later report: Rupee rises 29 paise to 94.62 against US dollar in early trade Press Trust of India via The Hindu BusinessLine ·

Later report: IMF Urges Currency Flexibility as RBI Mounts Rupee Defense Bloomberg ·

Later report: Rupee closes at six-week high of 94.38 driven by Jio IPO, RBI intervention ThePrint ·

Later report: Rupee gains for eighth straight session, longest winning streak in 8 years Business Standard ·

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