Investors react to interest rate hike from BOJ By Reuters

Singapore (Reuters) – The Bank of Japan increased interest rates on Friday by the 2008 financial crisis, emphasizing its confidence that the growing salary will keep its 2% target.

The Council decided to increase the level of Box’s short-term policy by 0.5% by 0.25%. Board Member Toyoaki Nakamura decided the decision.

Quotes.

Noya Hasgava, Chief Strategy of Bonds in Oakasan’s Securities Tokyo

“The decision was in line with our expectations. We comment on the Governor of the Governor (Kazuo) at his post-election press conference. . The Market Now Expects That The Boj Raises Rates Every Six Months So Want To Know Ueda’s View On That. “

Matt Simpson, Mat Market Analyst, City Index, Brisbane

“Leaning may be expected, but for the first time, there have been no main shortcomings of their economic worldview for a long time. By the end of the year, it keeps another 25 meters high with a huge amount of 0.75%. “

Takahiro Otsuka, Mitsubishi UFJ Morgan Stanley Securities, Tokyo

“The result is, as expected, but it seems that BoJ raises its inflation forecast.

Kieran Williams, Asia FX, Intouch Capital Markets, London

“Announcement is a Rorschach test something. Hawks notes the recurrence that the risks of prices are upside down, and that BOOK will continue to raise the worldview …

“Every day, the evolution of the yen prices will depend on the holiday adopted by the Governor Uda by the Governor Uda.”

Joseph Kapuro, Head of International and Sustainable Economics, Australian Cooperation Bank, Sydney

“They have thrown a lot of hints in the media that they can do it, and they will probably become this year this year, we will probably rail this year … So we think they will probably get half again. half of the year. ”

Tom Nakamura, Currency Strategic and Fixed Income, AGF Investment, Toronto

“The 25 main point increases by 0.5%, as expected, but the inflation forecast, which has increased both for the title and axis. Another 25 BP in a later year. ”

“The market response should be neutral, perhaps mildly in the margin for the yield of yen and a little bit of Japanese government bonds. The Weda press conference will be … Further policy changes. “

Naka Matsuzawa, Chipif Macro Strategy, Nomura, Tokyo

“Their logic remains the same. They are still far from neutral, so it is natural to make adjustment. Not need to tighten. “

“As long as Boj does not change the logic of raising pace, it will even increase the neutral point, which they cultivate, about 1% will not be a lot of space for the market in the future.

Masato koike, senior economist, Sumpo Institute plus Tokyo

“UEDA press conference would be about what is different from this time in terms of information available compared to December. Of course, there have been new investments, such as the meeting of BoJ branch leaders and at least the Japanese salary situation has not changed. I wonder how the governor will explain it. “

“The terminal interest rate is also a point of interest. The economy will remain a path (BOj’s forecast), but inflation will be slowly not transferred to service prices, BoJ will not be able to rise more than 1% to about 0.75%. ”

Christopher Wong, Currency Strategy, OCBC, Singapore

“The dollar / yen both went to unanimously voting, but it was later relieved. The revision of the PSRP’s forecast also emigrates for inflation and economy at the Governor of UEDa. ”

Hirofumi Suzuki, Home FX Strategist, SMBC, Tokyo

“Color increase in itself was a full price, as it was widely reported in advance. The increase in the assessment, as I expected the Japanese bank progresses at a pace.

“In 2025 and 2026, due to a significant review of inflation, Ien approved by Ien. Governor Uda’s comments on the exchange rate (also) on the press conference (also)