Kuroda rules out near-term chance of tweaking BOJ's dovish guidance

Friday, May 13, 2022

By Leika Kihara

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will maintain its dovish guidance on the future path of interest rates for the time being, as the coronavirus pandemic continues to weigh on the fragile economy.

Under the current forward guidance, the BOJ says it "won't hesitate to take additional easing steps," and expects short- and long-term policy interest rates to "remain at their present or lower levels."

As central banks across the globe eye interest rate hikes, markets have been rife with speculation that the BOJ may also change its guidance to one with a more hawkish tilt such as by removing the reference on its readiness to ease further.

"The coronavirus pandemic is a major risk that could further hurt Japan's economy," Kuroda told a seminar.

"As such, it's appropriate to maintain ... the dovish bias of our guidance for the time being," he said.

Kuroda also said an expected, near-term rise in inflation would lack sustainability as it will be driven mostly by energy costs, stressing the need to keep monetary policy ultra-loose.

"For inflation to heighten as a trend, Japan must see a shift from inflation caused by energy prices, to one that is driven by increasing corporate profits and wage growth," he said.

Under a policy dubbed yield curve control, the BOJ sets its short-term interest rate target at -0.1% and that for 10-year government bond yields around 0%.

With inflation seen accelerating to around its 2% target due largely to surging fuel and commodity costs, the BOJ has been struggling to convince markets that such cost-driven price rises won't prompt it to raise interest rates.

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APPROVED BROKERS

18-05-2022 12:38:53 (UTC+7)

EUR/USD

1.0534

-0.0013 (-0.12%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

EUR/USD

1.0534

-0.0013 (-0.12%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

GBP/USD

1.2486

-0.0003 (-0.03%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (4)

USD/JPY

129.18

-0.20 (-0.16%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

AUD/USD

0.7027

-0.0002 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (2)

USD/CAD

1.2823

+0.0014 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (7)

EUR/JPY

136.07

-0.40 (-0.29%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (9)

EUR/CHF

1.0471

-0.0006 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Gold Futures

1,809.16

-9.74 (-0.54%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Silver Futures

21.593

-0.157 (-0.72%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Copper Futures

4.2242

-0.0081 (-0.19%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

111.00

+1.37 (+1.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Brent Oil Futures

112.79

+0.86 (+0.77%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (1)

Natural Gas Futures

8.280

-0.034 (-0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

228.63

+3.83 (+1.70%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (6)

Euro Stoxx 50

3,741.51

+56.17 (+1.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

S&P 500

4,088.85

+80.84 (+2.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

14,185.94

+221.56 (+1.59%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,518.35

+53.55 (+0.72%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

Hang Seng

20,586.00

-16.52 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,840.30

+56.87 (+3.19%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (3)

IBEX 35

8,475.70

+122.00 (+1.46%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

BASF SE NA O.N.

50.690

+1.395 (+2.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

64.12

+0.91 (+1.44%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Allianz SE VNA O.N.

202.25

+3.43 (+1.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Adidas AG

183.30

+3.24 (+1.80%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

6.827

+0.131 (+1.96%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

Siemens AG Class N

116.50

+2.90 (+2.55%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

Deutsche Bank AG

9.538

+0.319 (+3.46%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD	1.0534	Sell
GBP/USD	1.2486	Neutral
USD/JPY	129.18	Sell
AUD/USD	0.7027	↑ Buy
USD/CAD	1.2823	↑ Sell
EUR/JPY	136.07	Neutral
EUR/CHF	1.0471	↑ Sell

Gold	1,809.16	↑ Buy
Silver	21.593	↑ Buy
Copper	4.2242	↑ Buy
Crude Oil WTI	111.00	↑ Buy
Brent Oil	112.79	↑ Buy
Natural Gas	8.280	↑ Buy
US Coffee C	228.63	Neutral

Euro Stoxx 50	3,741.51	↑ Buy
S&P 500	4,088.85	↑ Buy
DAX	14,185.94	↑ Buy
FTSE 100	7,518.35	↑ Buy
Hang Seng	20,586.00	↑ Buy
Small Cap 2000	1,840.30	Neutral
IBEX 35	8,475.70	↑ Buy

BASF	50.690	↑ Buy
Bayer	64.12	↑ Buy
Allianz	202.25	↑ Buy
Adidas	183.30	↑ Buy
Lufthansa	6.827	Buy
Siemens AG	116.50	↑ Buy
Deutsche Bank AG	9.538	↑ Buy

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,825/ 6,925 (0/ 0) # 1,852
SJC HCM	6,825/ 6,925 (0/ 0) # 1,851
SJC Hanoi	6,825/ 6,927 (0/ 0) # 1,853
SJC Danang	6,825/ 6,927 (0/ 0) # 1,853
SJC Nhatrang	6,825/ 6,927 (0/ 0) # 1,853
SJC Cantho	6,825/ 6,927 (0/ 0) # 1,853
Cập nhật 18-05-2022 12:38:55
Xem lịch sử giá vàng SJC: nhấn đây!

ↀ Giá vàng thế giới
$1,810.06	-4.62	-0.25%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-V	30.580	31.190
RON 95-III	29.980	30.570
E5 RON 92-II	28.950	29.520
DO 0.05S	26.650	27.180
DO 0,001S-V	27.450	27.990
Dầu hỏa 2-K	25.160	25.660

ↂ Giá dầu thô thế giới
WTI	$113.85	+1.48	1.30%
Brent	$112.87	+2.2	1.95%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	22.955,00	23.265,00
EUR	23.783,56	25.115,95
GBP	28.150,03	29.351,12
JPY	173,94	184,14
KRW	15,78	19,22
Cập nhật lúc 12:35:00 18/05/2022 Xem bảng tỷ giá hối đoái