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日本央行维持利率不变 静待经济复苏强度
Jin Tou Wang· 2025-09-22 05:07
Core Viewpoint - The article highlights the cautious stance of the Bank of Japan in maintaining interest rates amid global uncertainties and domestic inflation slowdown, signaling readiness to address external fluctuations while monitoring the sustainability of Japan's economic recovery [1] Group 1: Monetary Policy - The Bank of Japan's decision to keep interest rates unchanged reflects a prudent policy approach in the face of increasing global uncertainties and slowing domestic inflation [1] - Analyst Hiroaki Amemiya indicates that the current strategy aims to support the economy in the early stages of a "re-inflation cycle" [1] Group 2: Currency Outlook - As the interest rate differential between Japan and the U.S. narrows, the Japanese yen is expected to strengthen, enhancing Japan's international purchasing power and supporting domestic demand [1] - The USD/JPY pair has shown signs of a bullish rebound, but the potential impact of interest rate differentials may play a significant role [1] Group 3: Industry Preparedness - Japan's industrial, manufacturing, and automotive sectors are well-prepared to face global trade headwinds and are likely to benefit from supply chain restructuring trends [1] - The USD/JPY has been fluctuating within the range of 145.00 to 150.00, having previously broken a long-term downward trend line, but faced rapid selling pressure after brief highs [1]