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November 27th - According to two informed Japanese government officials, the Japanese government plans to increase the issuance of 2-year and 5-year government bonds in a revised version of its fiscal year 2025 bond issuance plan, aiming to raise funds for an economic stimulus package. It is understood that the total amount of government bonds originally planned for issuance in the current fiscal year ending next March (171.8 trillion yen) will increase by approximately 7 trillion yen (approximately US$44.7 billion). Under the revised plan, the issuance amounts for 10-year, 20-year, 30-year, and 40-year government bonds will remain unchanged. The two officials stated that the government expects to increase the issuance of discount treasury bills by approximately 6 trillion yen and may increase the monthly issuance of 2-year and 5-year government bonds by 100 billion yen each starting next January. The revised issuance plan will be submitted to a meeting of government bond market underwriters for discussion on Thursday, and subsequently submitted to a cabinet meeting for deliberation.Sources say Japan may increase the sale of government bond discount notes by about 6 trillion yen in a revised plan.Sources say Japan may increase the issuance of 2-year and 5-year Japanese government bonds starting in January as part of its revised bond issuance plan for fiscal year 2025.According to NBC News: Two senior U.S. law enforcement officials revealed that the suspect in todays National Guard shooting used a handgun in the attack, and his identity has been preliminarily identified as an Afghan man.According to the New York Times, the United States has ordered its diplomats in Europe, Canada, Australia, and New Zealand to pressure governments to restrict most immigration.

The AUD/JPY Recovers from the Day's Low of 91.30, as the BOJ's Policy is Examined

Daniel Rogers

Apr 28, 2022 10:04

The AUD/JPY pair has drawn offers near 91.60 in the early Tokyo session, as investors await the Bank of Japan's (BOJ) monetary policy decision on Thursday. Since Wednesday, the pair has been swinging within a narrow range of 91.02-91.98 due to market participants' concern regarding the release of the BOJ's interest rate decision.

 

According to market expectations, the BOJ will maintain the status quo by maintaining current interest rates. Japan's inflation rate, at 1.2 percent, is the highest since October 2018 but remains much lower than the aim of 2%. Additionally, Japan's growth rate has not yet returned to pre-pandemic levels, implying that a rate hike decision is ruled out. Thus, an ultra-loose monetary policy will continue to be critical, and additional stimulus packages may be offered.

 

Meanwhile, the odds of the Reserve Bank of Australia (RBA) hiking rates have increased, mostly as a result of the Australian Bureau of Statistics reporting annual Australian inflation at 5.1 percent. Consumer Price Index (CPI) reading came in significantly higher than the forecasted 4.6 percent. Additionally, the quarterly CPI came in at 2.1 percent, exceeding expectations of 1.7 percent. The RBA stated at its most recent monetary policy meeting that they are not seeing any meaningful price pressure that would require them to announce a rate hike, and have adopted a data-dependent strategy for additional guidance. Now, the tide may be turning in May in favor of aggressive monetary policy.

AUD/JPY

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