BOJ

UBS says US-Japan trade deal will be a drag on Japan's economy, BoJ on hold to mid-2026

• An out of consensus call on the Bank of Japan from UBS analysts

BOJ's Uchida: US-Japan trade agreement is a big progress, helps reduce uncertainty

• Remarks by BOJ deputy governor Shinichi Uchida

BOJ flags trade uncertainty, signals caution on further rate hikes

• Another view on Uchida today

Bank of Japan Deputy Governor Shinichi Uchida - recap

• A cautious Uchida today

More again from Bank of Japan Deputy Governor Uchida - CPI to dip then rise

More from Bank of Japan Deputy Governor Uchida

• Must adjust monetary policy to best balance upside and downside risks

Bank of Japan deputy governor Uchida: Japan’s economy has recovered moderately

• Cautious comments here

Yen could face fresh storm as Japan vote fuels carry trade revival and BOJ policy doubts

• Bank of Japan to be sidelined further?

Bank of Japan Deputy Governor Shinichi Uchida will be speaking today, Asia time

• Uchida will be speaking on Wednesday, July 23, 2025 in Japan

HSBC say possible “line in the sand” at 155–160 for Bank of Japan USD/JPY intervention

• Sees a 146–152 range as fair value

Newsquawk Week Ahead: ECB, PBoC LPR, Global PMIs and the Japanese Upper House Election

• Next week focus will be on the ECB and PBoC LPR rate decisions, as well as the CBRT. Global PMI surveys will also be eyed, as will the Japanese Upper House Election and UK Retail Sales.

Reuters - Japan election jitters rattle bond market as investors brace for fiscal shift

• Meanwhile, Japan 10-year government yields top 1.59%, the highest since 2008

Bank of Japan reported likely to consider increasing its inflation forecast

Newsquawk Week Ahead: US CPI and Retail Sales, UK CPI and Jobs report, China trade and GDP

• Next week highlights include US CPI and Retail Sales, UK CPI and Jobs report, China trade and GDP, Aussie Jobs, and CPI from Canada and Japan.

Daiwa estimates Trump’s proposed 25% tariffs could reduce Japan’s real GDP by 1.1%

• But still see reasons for gradual Bank of Japan rate hikes