make sure you don't miss the | Forum

Topic location: Forum home » General » General Chat
ainglia Nov 9 '18

TOKYO, Feb. 3 (Xinhua) -- The Bank of Japan (BOJ) on Friday said it will buy Japanese government bonds (JGB) in a surprise operation aimed at bringing down a recent surge in JGB yields.

The emergency move may suggest the central bank is nervous about the United States' view of its monetary easing policy, particularly in light of recent remarks made by U.S. President Donald Trump accusing Japan of "playing the money markets" and deliberately manipulating the yen to the U.S.'s disadvantage.

The remarks were made while although monetary policy by the BOJ and the Finance Ministry has been designed with a weak yen in mind, Japan has still been struggling economically.

According to the latest data, the world's third-largest economy has been struggling with slumping domestic and overseas demand, falling consumer sentiment and tense capital expenditure.

Household spending, a key indicator of consumer sentiment, has also been on a predominantly downward trajectory.

This is a predicament for the BOJ and the government as they're scrambling to to reach their 2 percent inflation goal and private consumption accounts for 60 percent of Japan's GDP.

This being the fact, however, and not withstanding Japan's "quagmire-like" struggle to escape deflation, Japan has not for a long time unilaterally delved into currency markets to curb the yen's rise.

The BOJ on Friday, however, offered to buy benchmark 10-year Japanese government bonds in a special operation aimed at keeping the 10-year yield at its target of around zero percent.

"The yen might continue to weaken against the dollar after today's action," said Masashi Murata, senior currency strategist at Brown Brothers Harriman.

"Some participants may have concerns about the BOJ's previous actions, or lack of action, when JGB yields have risen, so it's a good signal. But my feeling is that BOJ also doesn't want to keep expanding their balance sheet," Murata said.

A day after Trump accused Japan of being a currency manipulator, at just past 10:00 a.m. local time on Friday morning, the BOJ said it would boost purchases of government bonds with maturities of more than five to 10 years to 450 billion yen (3.98 billion yen) from 410 billion yen as had been planed initially.

The central bank, sources close to the matter said, announced its fixed-rate buying operation, aiming to douse speculation that it may start tapering its aggressive monetary easing measures amid pressure from Trump.

The BOJ said it would buy an "unlimited" amount of Japanese government bonds with maturities of more than five to 10 years.

But while the central bank's recently introduced yield curve control policy has helped quash rises in Japan's long-term interest rates, Japan-U.S. interest rate differences may further widen looking ahead.

The U.S. currency has risen around 10 percent against the yen, after Trump won the U.S. election.

RIO DE JANEIRO, Feb. 3 (Xinhua) -- Brazilian politicians Thursday mourned the death of former President Luiz Inacio Lula da Silva's wife, Marisa Leticia Lula da Silva.

Marisa, 66, died Thursday morning after spending 10 days in the intensive care unit of the Sirio Libanes hospital in Sao Paulo following a stroke last week. Her family donated her organs.

Lula's successor Dilma Rousseff expressed her condolences, saying it was "a sad day for all."

"Today is a sad day for all of us who knew and admired Marisa Leticia. We knew of the love and strength she always gave President Lula. She was a strong, hardworking woman, who conquered her space and had an important political role," Rousseff said. "In the past few months, she and President Lula were victims of persecutions and great injustices."

President Michel Temer reportedly traveled from Brasilia to Sao Paulo on Thursday evening to visit Lula.

Fernando Henrique Cardoso, who preceded Lula in the Brazilian presidency, visited Lula in the afternoon at the hospital to express his solidarity.

Cardoso's wife, Ruth, died while Lula was president. At the time, Lula attended the funeral and declared three days of official mourning in the country.

Outside the hospital, the Workers' Party (PT) and trade union activists left flowers and prayed for the family.

Marisa came from a poor working-class family and was the granddaughter of an Italian immigrant. Like many Brazilian women, she worked in factories, schools and as a maid. As Lula's wife, she was involved in political and trade union militancy and was present at the founding of the Workers' Party.

She was married to Lula in 1974 and is survived by four sons.

San Diego has lots to offer. On the one hand it is home to state-of-the-art amusement parks and museums and on the other hand [url=]James Reimer Panthers Jersey[/url] , the place boasts of first Spanish mission in California. Whether you are on a family vacation in San Diego [url=]Nick Bjugstad Panthers Jersey[/url] , or a beach vacation with your beloved [url=]Connor Brickley Panthers Jersey[/url] , make sure you don't miss the following attractions to make your trip exciting.

Balboa Park

Balboa Park is America's largest urban cultural park. It contains diversified museums ranging from horticultural to astronomical. The place is home to Botanical Building's sublime lily pond [url=]Jonathan Huberdeau Panthers Jersey[/url] , El Prado etc. Balboa Park is also home to Children's Museum [url=]Aaron Ekblad Panthers Jersey[/url] , and the Fleet Science Center.

Sea World

Sea World is home to the famous killer whale named Shamu and several other stunning marine animals. Watch the acrobatic skills of Shamu and her buddies. There are various exciting and spine-tingling rides too like Journey to Atlantis [url=]Keith Yandle Panthers Jersey[/url] , Shipwreck Rapids [url=]Roberto Luongo Panthers Jersey[/url] , and many more.

San Diego Zoo

The world-famous zoo has two parks in San Diego: one located in Balboa Park is a traditional Zoo [url=]Evgenii Dadonov Panthers Jersey[/url] , and the other is Wild Animal Park located north of the city. Spare one full day to explore the zoo. The entire S. [url=]Cheap Jerseys Wholesale[/url]   [url=]Cheap Jerseys From China[/url]   [url=]Cheap Jerseys Wholesale[/url]   [url=]Cheap Jerseys From China[/url]   [url=]Cheap Jerseys From China[/url]   [url=]Wholesale Soccer Jerseys From China[/url]   [url=]Wholesale Hockey Jerseys[/url]   [url=]Wholesale NFL Football Jerseys[/url]   [url=]Wholesale College Jerseys[/url]   [url=]Cheap NBA Jerseys[/url]