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The Bank of Japan's very recent change of heart has apparently been strong enough to do the same for incoming Prime Minister Shigeru Ishiba. Sounding aggressively hawkish where it came to interest rates just last week after his surprise ascent, suddenly he's completely changed his tune. Why? The answer can be found in another record low for a highly critical US$ market. Eurodollar University's Money & Macro Analysis Bloomberg Ueda Keeps Rate Hikes in Play, Talks Down BOJ’s Part in Meltdown https://www.bloomberg.com/news/articles/2024-08-23/boj-s-ueda-still-plans-to-hike-rates-if-economy-meets-outlook Bloomberg Ueda Reiterates That BOJ Will Lift Rates If Outlook Realized https://www.bloomberg.com/news/articles/2024-09-03/boj-ueda-reiterates-stance-of-lifting-rates-if-outlook-realized The New York Times Stocks in Japan Tumble After Party’s Election of New Prime Minister https://www.nytimes.com/2024/09/29/business/japan-stocks-nikkei-shigeru-ishiba.html CNBC Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win https://www.cnbc.com/2024/09/30/heres-why-japans-stocks-are-plunging-after-shigeru-ishibas-win.html BNN Bloomberg Ishiba Ally Sends Signal to Warn BOJ Against Rate Hike Too Soon https://www.bnnbloomberg.ca/business/international/2024/10/02/japans-ishiba-isnt-necessarily-pro-boj-hike-new-minister-says/ Bloomberg Japan’s Ishiba Rules Out BOJ Interest Rate Hikes For Now https://www.bloomberg.com/news/articles/2024-10-02/boj-s-ueda-briefs-new-pm-ishiba-on-market-developments Bloomberg Ueda Hints at Dovishness After New Prime Minister Urges Caution https://www.bloomberg.com/news/articles/2024-10-02/ueda-hints-at-dovishness-after-new-prime-minister-urges-caution https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |