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A spokesperson for the Government Pension Investment Fund of Japan (GPIF) said they were aware of Finance Minister Satsuki Katayamas remarks but declined to comment.On July 10th, MiniMax founder and CEO Yan Junjie released an internal letter to all employees, responding to recent market fluctuations and emphasizing that the companys long-term direction remains unchanged. In the letter, Yan Junjie announced that, effective immediately, until the company achieves its AGI (Automatic Group Index), he will no longer receive any salary from the company. Over the next four years, he will allocate 4% of his personal shares—equivalent to 4% of the companys total share capital—to incentivize team members who have worked alongside the company and created value together; he will also allocate 1% of his shares to establish a special fund to continuously support the development of related open-source communities.July 10 – Japanese Finance Minister Satsuki Katayama stated at a regular press conference on Friday that Japan hopes to encourage pension funds, including the Government Pension Investment Fund (GPIF), to increase their investments in domestic financial assets. “We want to ensure that the public can directly benefit from Japan’s economic growth,” Katayama told reporters. These remarks pushed the yen to a daily high of 161.63 against the US dollar. She stated, “One of our priorities is encouraging households and pension funds, including the GPIF, to increase their investments in Japanese financial assets. We intend to implement policies that support this goal.” Katayama’s comments indicate that as Japan enters a new growth phase marked by positive interest rates and the Bank of Japan’s gradual policy normalization, the government intends to guide more household and institutional savings towards domestic assets.Newly listed stock N Torrance surged over 1000% in early trading, triggering a temporary trading halt.As of 09:31 Beijing time, WTI crude oil futures rose 0.40%, and US natural gas futures rose 0.17%.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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