CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BoJ PREVIEW: December 2021 - Focus Turns to Corporate Financing

Executive Summary:

  • Headline parameters likely to remain unchanged at December's meeting
  • Focus turns to pandemic policies due to expire in March
  • Decision could be pushed back to January to more accurately assess omicron risks
Full preview here:

MNIBOJPrevDec21.pdf

The headline monetary policy parameters will remain unchanged at the end of the Bank of Japan’s December meeting, with the BOJ continuing its struggle when it comes to facilitating a notable inflationary impulse. Various board members have flagged heightened uncertainty since the outbreak of the omicron COVID strain, underscoring the Bank’s pledge to provide further stimulus, if needed.

Focus has already moved to the potential for the Bank to announce its decision regarding the extension of its Special Funds-Supplying Operations to Facilitate Financing in Response to COVID-19 (currently set to expire at the end of March). Recent BOJ board rhetoric on this front has pointed to a general stabilisation in the corporate borrowing space, although the ability of small firms when it comes to accessing capital remains more of a worry. The Bank will continue to assess the omicron situation and feedback in its quarterly Tankan survey.

Central Bank PreviewHomepageBoJ - PreviewCentral Bank ReportsMarkets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.